Polyus says to finish Sukhoi Log feasibility study by 2021

VLADIVOSTOK, Sep 4 (PRIME) -- Russian gold producer Polyus has finished drilling at the Sukhoi Log gold field and plans to finish the project’s feasibility study before 2021, CEO Pavel Grachyov told PRIME on Wednesday on the sidelines of the Eastern Economic Forum.

“We finished the drilling program we started in 2017. It was an important and capital-intensive stage. We are now analyzing drilling samples, which would take several months. We plan to upgrade the resources and announce reserves under the JORC code in the first half of 2020,” he said.

“Interim results show a high level of similarity with the historic results of drilling done before mid-1990s. We will develop a feasibility study of the project until 2021. We will decide on the sources of financing after that. We don’t’ plan to attract third party investors,” he said.

The deposit’s mineral resources are estimated at 962 million tonnes with an average gold content of 2.1 grams per tonne.

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