West Kytlim Mining operation update - August 2016

RNS Number : 6060I

Eurasia Mining PLC

01 September 2016

 

Eurasia Mining plc (AIM: EUA) 

("Eurasia" or the "Company") 

West Kytlim Mining operation update - August 2016

Eurasia Mining plc ("Eurasia") the Russia focused PGM and gold production and development company is pleased to update progress on the commencement of mining at West Kytlim, Urals, Russia.

Highlights:

·        Two mining blocks have been cleared of vegetation for production with a third to be finished by 1 September 2016.

·        Gravels are being excavated from block 4 and hauled to the wash plant.

·        The principal equipment for the on-site laboratory is in place including the concentrating table.

·        One wash plant is assembled with a second main plant to be completed next week.

·        First production is planned to commence next week.

Further detail

Mining has commenced at Malaya Sosnovka, with two blocks cleared of vegetation (blocks 4 and 5) and a third block (block 1) to be cleared by 1 September 2016. Gravels are being excavated from block 4 and hauled to the wash plant site. Two wash plants will be used, with the smaller wash plant ready to process metal bearing gravels. The main wash plant is installed but not yet operational - this is expected in the first week of September. The late delivery of critical parts for this wash plant have delayed start-up by 10 days but the projected production for 2016 is still expected to be met.

For the processing of the concentrates the on-site laboratory is ready, with all the main equipment in place, including a concentrating table.

A map showing the blocks at Malaya Sosnovka has been added to the company website www.eurasiamining.co.uk.

Consent for release

EurGeol Christian Schaffalitzky, FIMMM, PGeo, MIEI, CEng, is a director of the Company. He has reviewed the update and consents to the inclusion of the exploration information in the form and context in which it appears here. He is a Competent Person for the purposes of the reporting of these results.

Enquiries:

Eurasia Mining Plc

Christian Schaffalitzky/Michael de Villiers

[phone]

WH Ireland Limited

Katy Mitchell/Liam Gribben

[phone]

Beaufort Securities

Elliot Hance

[phone]

 

END

 

 

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