Reserves of Shahumyan mine enough to create huge pit
14.03.2008,
03:42
The reserves of the Shahumyan-based gold polymetallic mine are enough to build a huge open pit, the Deno Gold Mining Company told ARKA referring to the results of exploratory drilling conducted in Armenia by the Dundee Precious Metals Corporation.
YEREVAN, March 12. /ARKA/.The reserves of the Shahumyan-based gold polymetallic mine are enough to build a huge open pit, the Deno Gold Mining Company told ARKA referring to the results of exploratory drilling conducted in Armenia by the Dundee Precious Metals Corporation.
The Deno Gold Mining Company represents the Dundee Precious Metals Corporation in Armenia operating the Shahumyan polymetallic mine as well as the copper-pyritic mine of the Kapan-based ore-mining and processing enterprise.
The Kapan-based mine has two parts – the copper mine known as the Central Deposits and the poly-metallic mine of copper, gold, silver, zinc and lead known as the Shahumyan mine. The Shahumyan deposits are currently being mined, Jonathan Goodman, the owner and president of Dundee Precious Metals, said.
The volume of the Deno Gold Mining Company output reduced 4% in 2007 and totaled AMD 6.25bln. Deno Gold Mining focuses on the operation of the Shahumyan gold polymetallic mine since the Central mine is quite old and has exhausted its resources making it difficult to assess its capacities.
The Shahumyan mine was launched in 1996, however, the real operation started in 2002-2003 only.
Dundee Precious Metals is an ore mining company with the head office based in Canada. The company is engaged in mining, purchasing, exploring and processing precious metals. The company bought 95% shares of the Kapan-based mine in 2006. --0—
The Deno Gold Mining Company represents the Dundee Precious Metals Corporation in Armenia operating the Shahumyan polymetallic mine as well as the copper-pyritic mine of the Kapan-based ore-mining and processing enterprise.
The Kapan-based mine has two parts – the copper mine known as the Central Deposits and the poly-metallic mine of copper, gold, silver, zinc and lead known as the Shahumyan mine. The Shahumyan deposits are currently being mined, Jonathan Goodman, the owner and president of Dundee Precious Metals, said.
The volume of the Deno Gold Mining Company output reduced 4% in 2007 and totaled AMD 6.25bln. Deno Gold Mining focuses on the operation of the Shahumyan gold polymetallic mine since the Central mine is quite old and has exhausted its resources making it difficult to assess its capacities.
The Shahumyan mine was launched in 1996, however, the real operation started in 2002-2003 only.
Dundee Precious Metals is an ore mining company with the head office based in Canada. The company is engaged in mining, purchasing, exploring and processing precious metals. The company bought 95% shares of the Kapan-based mine in 2006. --0—
