ID :
93806
Tue, 12/08/2009 - 17:41
Auther :
Shortlink :
http://m.oananews.org//node/93806
The shortlink copeid
CENTERRA GOLD UPDATES RESERVES AND RESOURCES
Ulaanbaatar, /MONTSAME/ Centerra Gold Inc. has issued updated estimates on the company's reserve and resource estimates and life-of-mine plans for its operating mines.
At the Boroo mine in Mongolia, reserves increased 25,000 ounces of contained gold before accounting for processing of approximately 188,000 contained ounces of gold to October 31, 2009, in the Boroo mill and heap leach pad.
The updated estimates and plans for Boroo disclosed in this news release are the result of the company's finalizing an updated technical report to include heap leach processing in the life-of-mine plan at Boroo.
At the Gatsuurt project in Mongolia, no changes have been made to the reserve and resource figures or classification from the December 31, 2008 estimate of 1.0 million contained ounces of gold using a gold price of $675 per ounce. This estimate will be updated at year-end using an $825 per ounce gold price with the 2009 year-end reserve and resource update.
S.Batbayar
At the Boroo mine in Mongolia, reserves increased 25,000 ounces of contained gold before accounting for processing of approximately 188,000 contained ounces of gold to October 31, 2009, in the Boroo mill and heap leach pad.
The updated estimates and plans for Boroo disclosed in this news release are the result of the company's finalizing an updated technical report to include heap leach processing in the life-of-mine plan at Boroo.
At the Gatsuurt project in Mongolia, no changes have been made to the reserve and resource figures or classification from the December 31, 2008 estimate of 1.0 million contained ounces of gold using a gold price of $675 per ounce. This estimate will be updated at year-end using an $825 per ounce gold price with the 2009 year-end reserve and resource update.
S.Batbayar
