TIDMTSG
RNS Number : 4043D
Trans-Siberian Gold PLC
28 October 2020
Click on, or paste the following link into your web browser, to
view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/4043D_1-2020-10-27.pdf
28 October 2020
Trans-Siberian Gold plc
("TSG", the "Company" or the "Group")
Exploration Drilling Update
Further High-Grade Results at Asacha Gold Mine
Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold
producer in Kamchatka, Far East Russia, is pleased to provide an
exploration update on Vein 25 North ("V25N") in the East Zone of
the Asacha Gold Mine.
Highlights
-- Selected results from ongoing surface drilling[1]:
o 1,305.4 g/t Au and 614 g/t Ag over 0.8 m Hole ID C2098
o 159.5 g/t Au and 120 g/t Ag over 5.0 m Hole ID C2105
o 32.3 g/t Au and 102 g/t Ag over 10.6 m (2) Hole ID N005
o 51.1 g/t Au and 84 g/t Ag over 2.4 m Hole ID C2099
o 63.4 g/t Au and 448 g/t Ag over 0.8 m Hole ID C2111
o 37.8 g/t Au and 94 g/t Ag over 1.8 m Hole ID C2109
o 32.4 g/t Au and 204 g/t Ag over 1.7 m Hole ID C2117
o 16.2 g/t Au and 335 g/t Ag over 3.4 m (2) Hole ID N002
o 18.4 g/t Au and 519 g/t Ag over 2.6 m Hole ID C2100
o 15.1 g/t Au and 225 g/t Ag over 2.9 m Hole ID C2110
o 14.7 g/t Au and 37 g/t Ag over 2.6 m Hole ID C2092A
o 10.7 g/t Au and 14 g/t Ag over 3.3 m Hole ID C2097
-- 23 additional holes drilled between mid July 2020 and mid October 2020.
-- Extent of V25N now increased to 700 metres laterally and 325 metres vertically
-- V25N still remains open to the North and at depth
-- Total of 32,400 metres (116 holes) drilled since October 2019 over the Asacha licence
-- Low over-all discovery cost of $14.29/oz. gold for the mineral resources defined at V25N
-- Future drilling will focus on delineating V25N more precisely
and aiming to increase contained ounces in the Indicated Resources
category
-- Other high potential targets will also be drill-tested
including step-out extensions of Vein 25
Eugene Antonov, COO of Trans-Siberian Gold commented:
"We are excited to report the high-grade drilling results from
our ongoing drilling campaign with a focus on expanding the scale
of Vein 25. While the test mining carried out in Vein 25 South
confirms the gold grades identified from drilling, the high-grade
mineralisation remains open at depth and to the North. Our
exploration team continues to deliver some very encouraging results
and we are seeking to generate additional new targets over the
Asacha license area. We look forward to updating our JORC-compliant
Mineral Resource Estimate statement at the end of this year, which
will incorporate all of the new drilling results and exploration
data. Meanwhile the drilling campaign continues."
Table 1. 10 July 2020 to 17 October 2020 drilling results on
Vein 25N
Hole Collar Azi- Dip Hole From To Core Horizontal Au Ag
ID coordinates muth Length Length Width
X Y Z degrees m m m m m g/t g/t
C-2092A 54999 42254 333 270 -57 475 377.8 380.4 2.6 1.5 14.7 36.5
C-2093 54950 42289 332 270 -56 465.0 440.4 441.0 0.6 0.4 0.1 2.0
C-2094 55149 42314 376 270 -53 493.4 473.0 473.5 0.5 0.3 15.0 56.5
C-2095 55148 42315 377 270 -60 590 558.6 560.4 1.8 1.0 0.6 19.2
C-2096 54952 42111 305 270 -57 171 163.1 164.4 1.3 0.9 17.4 27.9
C-2097 55074 41979 287 90 -45 80 47.7 51.0 3.3 2.7 10.7 14.3
C-2098 54952 42109 305 270 -53 172 148.6 149.4 0.8 0.6 1,305.4 613.8
C-2099 54974 42126 309 270 -59 210 167.2 169.6 2.4 1.4 51.1 84.1
C-2100 55050 42283 353 270 -57 455 414.1 416.7 2.6 1.6 18.4 518.7
C-2101 54899 42115 302 270 -56 210 153.4 153.6 0.2 0.1 3.3 2.5
C-2102 54987 42301 341 270 -56 516 488.7 490.8 2.1 1.0 1.5 35.1
C-2103 54973 42129 309 270 -49 290 136.7 138.6 1.9 1.3 0.2 2.0
C-2104 54920 42149 308 271 -52 213.5 187.2 187.7 0.5 0.3 5.2 8.3
C-2105 54920 42150 308 270 -58 240 215.0 220.0 5.0 2.8 159.5 120.1
C-2106 55199 42297 373 270 -57 550 528.1 528.5 0.4 0.2 9.8 16.1
C-2107 54950 42076 300 270 -51 122 93.5 94.5 1.0 0.7 0.1 2.0
C-2108 55454 42189 319 270 -47 300 195.3 195.8 0.5 0.4 29.1 15.0
C-2109 55149 42318 377 268 -55 530 492.7 494.5 1.8 1.2 37.8 94.1
C-2110 55454 42189 319 270 -53 300 232.8 235.7 2.9 1.8 15.1 225.4
C-2111 55451 42226 325 270 -54 380 336.6 337.4 0.8 0.5 63.4 447.6
C-2112 55246 42298 364 270 -53 516 492.0 494.5 2.5 1.5 8.6 203.0
C-2113 55504 42197 319 270 -49 305 218.4 219.8 1.4 0.9 1.6 4.2
C-2114 55504 42197 319 270 -55 315 257.6 259.7 2.1 1.3 1.3 8.3
C-2115 54800 42214 302 270 -53 360 307.0 309.6 2.6 1.5 9.4 38.4
C-2116 55397 42235 331 270 -54 395 368.5 369.7 1.2 0.7 6.7 122.5
C-2117 54800 42214 302 270 -58 380 331.3 333.0 1.7 1.0 32.4 204.3
C-2118 55446 42265 335 270 -47 350 329.1 329.9 0.8 0.4 8.2 193.5
N-005 54869 41969 276 90 -70 190 168.3 178.9 10.6 4.2 32.3 102.3
N-006 55076 41962 286 85 -70 300 274.5 276.6 2.1 1.4 12.6 386.3
N-004 55199 42100 311 258 -70 250 238.7 239.7 1.0 0.3 15.1 18.7
N-002 55266 41925 282 90 -65 250 223.2 226.6 3.4 1.4 16.2 334.5
Note: " N- " holes were drilled for geotechnical studies; small
portions of the veins could not be assayed; the vein could be
thicker
Discovery & Expansion
V25N was discovered in September 2019, less than 1.5 km from the
Company's operating mine and mill .
During the first three quarters of 2020, TSG's drilling campaign
has been focused on expanding and delineating V25N. Very positive
drilling results have enlarged the auriferous zone to at least 700
metres in length and 325 metres in depth. It now extends to within
50 metres of the existing adit that was developed last winter to
reach V25S and where underground mine development is progressing .
Together, V25N and V25S comprise an almost continuous gold zone 1
km long, located less than 1.5 km from the Asacha Gold Mine and
mill that have been in continuous operation since 2011.
Mineral Resource Estimation
On 16 June 2020, TSG announced a new JORC-compliant Mineral
Resource Estimate ("MRE") as of 30 April 2020 for the Asacha Gold
Mine. The mineral resources for V25N was 5.4 tonnes (173,000 oz.)
of gold in the Indicated category and 0.6 tonnes (19,000 oz.) of
gold in the Inferred category. The combined V25N and V25S mineral
resources add up to 7.0 tonnes of gold in the Indicated category at
an average grade of 18.5 g/t Au and 1.8 tonnes in the Inferred
category at an average grade of 13.7 g/t Au.
Since the publication of that MRE, multiple high-grade gold and
silver results have been returned. When these results are combined
with the new exploration data generated, we believe there is
significant potential to upgrade the JORC-compliant MRE, which is
expected to be commenced at the end of this year.
Drilling Campaign
Since the publication of the MRE in June 2020 , the Group has
drilled 31 new holes totalling 10,350 metres on V25N. Since October
2019, a total of 116 holes for 32,400 metres has been drilled on
the Asacha license. Since October last year the estimated discovery
cost of the additional mineral resources defined on V25N is
averaging $14.29/oz. gold.
Two surface exploration rigs have been drilling on the Asacha
license since the beginning of the year; drilling is expected to
continue for a minimum of 12 months. The main objective of the next
phase of drilling is to improve the definition and delineation of
Vein 25 in order to increase the size of, and upgrade the category
of, the resources to higher confidence categories. A series of
step-out drillholes in the North and South far extensions of Vein
25 are also planned for the next few months. Additionally, a series
of other high potential targets on the license area will be
drill-tested (see Figure 2).
Geology
The vein intersections encountered at V25N show mineralogy,
textures and alteration typical of a high-level low sulphidation
epithermal gold system. The high-grade veins usually exhibit
chalcedonic and/or colloform textures and hydrothermal breccias,
with voids, strong clay alteration, trace to 2% manganese oxides
and sometime fragments of ginguro (black mix of electrum, sulphides
and sulfosalts). Typically, the quartz crystallinity and the
silver/gold ratio increases with depth.
The gold is very finely disseminated in the veins, usually as a
sub-microscopic dust, with only few intersections showing visible
gold. This style of gold distribution is usually less prone to
nugget effects and is expected to have good recovery at the
mill.
Recently, underground development in the upper levels of V25S
produced 22,740 tonnes of ore giving a final grade at the mill of
19.9 g/t gold. This bulk sampling was done in an area where the MRE
estimate grade averaged 12-18 g/t Au. This clearly confirms the
consistency and the low nugget effect of the gold in this part of
Vein 25 and is a good indication of good future recovery in the
rest of Vein 25.
Vein 25 (V25N & V25S) is quartz vein usually sub-vertical
and dipping 80 to 85 degrees to the East. It pinches and swells,
sometimes quite rapidly, but is reasonably well defined by a
drilling grid of roughly 50m x 50m over 1 km laterally
(North-South) and 350 metres vertically.
A vertical longitudinal section showing metal factors (true
horizontal width X gold grade) and selected drilling results
obtained to date from the 2019-2020 drilling campaign, including
the latest results set out in this announcement, are shown in
Figure 1.
Figure 1. Zone 25 longitudinal with drill assay results and
metal factors.
Figure 2. Asacha Property geology and drilling targets
Figure 3. Vein 25 detailed surface plan.
ENDS
Contacts
TSG
Stewart Dickson +44 (0) 7799 694195
Arden Partners plc
Paul Shackleton (Corporate Finance)
Tim Dainton / Fraser Marshall (Equity Sales) +44 (0) 207 614 5900
Hudson Sandler (Financial PR) +44 (0) 207 796 4133
Charlie Jack / Katerina Parker / Elfreda
Kent
About TSG
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 Company also holds the licence for the development
and exploration of the Rodnikova deposit, one of the largest gold
fields in South Kamchatka.
Additional information , including figures and tables from this
press release, is available from the Company's website:
www.trans-siberiangold.com
QA/QC Program
A revised and upgraded QA/QC program has been implemented since
H2 2019. It consists mainly of the insertion of one standard, one
blank and one pulp duplicate in every batch sent for analysis to
the laboratory at the Asacha Gold Mine. It is complemented by
sending a batch of coarse duplicates to the laboratory every 600
assays and a batch of pulp duplicates to an independent external
laboratory after about 600 assays. Overall, this represents some
20% of QA/QC samples.
Qualified Person Review
Information in this announcement that relates to exploration
results is based on information compiled by Mr. Jacquelin Gauthier,
P.Geo., consulting geologist to Trans-Siberian Gold plc. Mr.
Gauthier has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration and to the
activity which has been undertaken to qualify as a "Qualified
Person" pursuant to Canada National Instrument 43-101 and a
"Competent Person" in accordance with the AIM Rules Guidance Note
for Mining and Oil & Gas Companies. Mr. Gauthier consents to
the inclusion in the announcement of the matters based on the
information in the form and context in which it appears.
Glossary of Technical Terms
"Au" Chemical symbol for gold
"Ag" Chemical symbol for silver
"g/t" grams per tonne, equivalent to parts per million
"JORC" The Australasian Joint Ore Reserves Committee Code
for Reporting of Exploration Results, Mineral Resources
and Ore Reserves 2012 (the "JORC Code" or "the Code").
The Code sets out minimum standards, recommendations
and guidelines for Public Reporting in Australasia
of Exploration Results, Mineral Resources and Ore
Reserves
"koz" thousand troy ounces of gold
"m' metre
"Mt" million tonnes
"oz" troy ounce (= 31.103477 grams)
"t" tonne (= 1 million grammes)
Market Abuse Regulations
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the
publication of this announcement via Regulatory Information Service
('RIS'), this inside information is now considered to be in the
public domain.
Disclaimer
This announcement contains "forward-looking statements" - that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets, fluctuations in interest and/or exchange rates and
metal prices; and from numerous other matters of national, regional
and global scale, including those of a political, economic,
business, competitive or regulatory nature. These uncertainties may
cause our actual future results to be materially different that
those expressed in our forward-looking statements.
[1] Since RNS announcement of 14 July 2020
(2) " N " holes were drilled for geotechnical studies, small
portions of the veins could not be assayed; the vein could be
thicker
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DRLPPGPGUUPUPPM
(END) Dow Jones Newswires
October 28, 2020 03:00 ET (07:00 GMT)
Trans-siberian Gold (LSE:TSG)
過去 株価チャート
から 9 2024 まで 10 2024
Trans-siberian Gold (LSE:TSG)
過去 株価チャート
から 10 2023 まで 10 2024