URALS ALLUVIAL PLATINUM : WEST KYTLIM

URALS ALLUVIAL PLATINUM : WEST KYTLIM

Project Highlights

Operating Platinum and Gold mine
2018 - Targeting reserves at Malaya Sosnovka and Kluchiki areas
2,283 Kg raw Pt in Reserves, > 10 t Pt Resource potential
2017 Resource upgrade drilling and calculation completed
Capital and Operating costs sold to a contractor for 65% of top line sales
EUA upgrade concentrates and manage metal sales

OPERATING PLATINUM AND GOLD MINE IN THE URAL MOUNTAINS

Mining at West Kytlim is seasonal as the alluvial process relies heavily on running water. Work normally commences as the snow melts on site in late March or early April and proceeds until November.
Our current focus is the Malaya Sosnovka Area (see graphic to the right) which holds greater than 100Kg (3,215 ounces) raw platinum. 

KLUCHIKI AREA

The Kluchiki Area, with raw platinum reserves of 319kg (10,255oz) is scheduled for development directly after, or concurrent with Malaya Sosnovka. Note that waste stockpiles overlie ore bodies, as the area is developed on a strict schedule with developed ore bodies later infilled by mine tailings.
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. Alluvial mining is a low cost, environmentally friendly and capital efficient mining solution, and a proven route to success for junior mining companies.


SEQUENCE OF 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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