Trans-Siberian Gold grows resources in Russia
(Kitco News) - Trans-Siberian Gold (TSG.LN), a low cost, high grade gold producer, announced today an update of the mineral resource estimate for the Asacha gold mine in Kamchatka, Far East Russia.
The Mineral Resource Estimate ('MRE') for the Asacha gold mine was updated by SRK Consulting Russia with an effective date of 31 December 2020 and reported in accordance with the standards of the JORC Code (2012).
Total MRE (Measured + Indicated + Inferred) has increased to 645,000 oz Au as at 31 December 2020, which represents a 43% increase in Asacha's overall gold resource inventory and 61% increase of resources contained in Measured & Indicated categories.
COO Eugene Antonov commented, "I am delighted to report a significant upgrade to the resources at our flagship Asacha gold mine following a successful drilling campaign. Our resource base has increased significantly in quantity and confidence category levels extending the life of mine at Asacha."
TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha gold mine in Far East Russia. The group also holds the licence for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka.