Centerra reserve increase
10th Feb 2012
TORONTO, Feb 10 – The success of its 2011 drilling program has enabled Centerra Gold to lift its reserves and resources estimates to 8.1M oz of contained gold.
Centerra says the exploration has allowed a 9% increase before accounting for the 793,000 oz processed at Kumtor in the Kyrgyz Republic and Boroo in Mongolia during 2011. The reserves were estimated using a US$1200/oz gold price, up from $1000/oz in December 2010.
The total measured and indicated resource base has grown by 36% to 6.7M oz and 393,000 oz has been added to the high-grade inferred SB Underground resource.
An initial measured and indicated resource of 824,000 oz has been outlined at the ATO project in Mongolia together with a new resource of 289,000 oz indicated and 211,000 oz inferred on the Kara Beldyr project in Russia.
Also in the February 8 - 14, 2012 edition
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- Leighton on good WICET
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- Macmahon bounces back
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- Mekong joins Southern in Cambodia
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- Murchison clears path to sale
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- Padbury, Aurium join forces
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- St George confirms gold trend
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- TriAusMine to start Woodlawn drilling
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- WCP moves on Al Hariqah
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- COAL
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- Sober coal warning from McCloskey
- EXPLORATION
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- FINANCE
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- Past gives BC Iron different view of the future
- Remaking Exco too
- FORUM
- Selling the story
- FROM THE CAPITAL
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- GOLD
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- Copler saving Alacer blushes
- Gold group-think needs to change
- MINING IT
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- Partnership work rounds out Cube offering
- Report points to IT integration challenge
- PEOPLE
- People on the move: CAE Mining, Barminco, IronClad, Hannans Reward, Centaurus, Burey Gold, PMI Gold
- Richards contemplates next step for IronClad
- RUSSO'S RULES
- All this inking gets you thinking
- TECHNOLOGY
- Automation will cut jobs, but then again …
- VIEW FROM THE WEST END
- Rumble in the jungle
