Mineral Resources

· The Project consists of three distinct deposits, Rovina, Colnic, and Ciresata, which define a north-northeast trend over a distance of 7.5km.

· The latest mineral resource estimate for the Rovina Valley Project is contained in the NI 43-101 Technical Report of the Rovina Valley Project issued on April 14 2021

· The report estimates Measured & Indicated Mineral Resources for the Colnic and Rovina deposits of 237.7 million tonnes containing 3.18 million ounces of gold grading 0.42g/t and 875 million pounds of copper grading 0.17% (4.97 million ounces of gold equivalent)

· The mineral Resource for the Ciresata Deposit was completed in February 2019 by AGP Consultants Inc. and estimates Measured and Indicated Resources of 154.4 million tonnes containing 3.82 million ounces of gold grading 0.77g/t and 515 million pounds of copper grading 0.15% ( 4.95 million ounces gold equivalent)

 April 14, 2021 - NI 43-101 Technical Report on the Rovina Valley Project In Romania

Table 1.5: Rovina Valley Project Mineral Reserve Statement Summary

 

Deposit

Classification

Tonnage
(Mt)

Au
(g/t)

Cu
(%)

Au
(koz)

Cu
(t)

Colnic

Proven

24.27

0.64

0.11%

500.5

26 860.9

Probable

49.49

0.52

0.08%

828.7

41 004.7

Rovina

Proven

24.01

0.32

0.28%

247.8

67 469.3

Probable

35.62

0.22

0.20%

249.5

72 896.1

Total 

Proven

48.28

0.48

0.20%

748.3

94 330.2

Probable

85.11

0.39

0.13%

1 078.2

113 900.8

Grand Total

Proven + Probable

133.40

0.43

0.16%

1 826.5

208 231.0

NOTE: All tonnes quoted are dry tonnes. Differences in the addition of deposit tonnes to the total displayed is due to rounding.

 

Mineral Resource Estimate – Rovina and Colnic Deposits see Technical Report Referenced Above 

Mineral Resource estimare- Ciresata Deposit

See table 14-20, AGP PEA NI 43-101 2019 Report available on Sedar

Email Signup

Sign up for the latest news and updates