URALS ALLUVIAL PLATINUM : WEST KYTLIM

URALS ALLUVIAL PLATINUM : WEST KYTLIM

Project Highlights

Operating Platinum and Gold mine
2019 - Mining ongoing at Kluchiki area
2,283 Kg raw Pt in Reserves, > 10 t Pt Resource potential
2019 Resource upgrade drilling program ongoing
Owner operated mine with 100% of revenue payable to Eurasia
Raw platinum sold into Ekaterinburg precious metal refinery contract

OPERATING PLATINUM GROUP MINERALS AND GOLD MINE IN THE URAL MOUNTAINS



KLUCHIKI AREA

The mine was contracted for the 2018 mining season during which a total of 165kg (5,300 oz) raw platinum (pictured right) was produced. Mining progressed from the Malaya Sosnovka area to the Kluchiki area in 2019 and is now owner operated with 100% of mine revenue payable to Eurasia. 

Please click here for a graphic showing the Kluchiki Area Mine Layout

At the West Kytlim mine, free digging river sediments are trucked to a washplant where material is washed and separated by clast size. Heavy platinum and gold bearing nuggets are collected on a sluice to form a black sand concentrate which is upgraded in an onsite laboratory to saleable product (pictured right).
Alluvial mining is a low cost, environmentally friendly and capital efficient mining solution, and a proven route to success for junior mining companies.


EXPLORATION AND DEVELOPMENT


In the process of early reconnaissance, data was collected and processed for 211 reported occurrences of which West Kytlim was the stand out target in the Central Urals. The Kytlim region has produced circa 50 tonnes of alluvial platinum to date.

The first drilling results from exploration at West Kytlim were announced in April 2005. Grades of up to 500 mg/m3 were discovered, well above the minimum 100 mg/m3 required to be economic. Work then progressed from the original discovery of buried placers in tributaries of the Tylai River to the river terraces of both the Tylai and Kosva Rivers (see sections below).

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History of Urals alluvial platinum mining.

Alluvial Platinum was first discovered in the Ural Mountains in 1824, since then the region has yielded in excess of 500 tonnes of platinum mined from a number of placer fields, the largest of which is estimated to have produced more than 240 tonnes. The fields comprise natural, gravity-driven economic concentrations of platinum and very minor gold formed in stream and river sediments eroded and drained from platinum bearing ultramafic complexes.

Placers of this type are attractive development targets owing to their often high concentrations of platinum and relatively low-tech and low cost mining and processing requirements.


Urals Geology

The Urals ultramafic rocks (peridotite, pyroxenite and dunite), were formed in an ancient rift zone and later upthrust into the Urals as part of the mountain building collision between the Siberian and European Cratons during the Hercynian Orogeny. Tectonic activity in the Urals extended over a very long geological time frame and included six phases of post-Triassic uplift. Previous mapping of the distribution of high energy sediment accumulations which were formed in association with intense erosion during these uplift phases, indicate the potential for elevated concentrations of platinum within these sediments.

It was the potential for these sequential erosion phases to form separate layers of platinum buried beneath much younger placers that ignited Eurasia’s interest in conducting Urals Platinum Exploration.


Project timeline to date

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2003


Feasibility Study & Exploration license received

2005

Technical-Economic-Study submitted

2006

Initial core drilling season

2009

Discovery Certificate issued

2015

Mining & Production license issued

2016 - 2017

Trial Mining late in 2016 and further trials through 2017

2018

New contractor appointed and first full mining season

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