Polymetal posts mineral resource estimate for Armenia’s LichkvazApril 29, 2016 - 16:01 AMT PanARMENIAN.Net - Polymetal International PLC on Friday, April 29 detailed the mineral resource estimate for its Lichkvaz project in Armenia following an audit by CSA Global Pty Ltd, London South East said. Total underground mineral resources comprised 4.3 million tons of ore, averaging 4.2 grams per ton for 0.6 million ounces of gold equivalent, Polymetal said. Next, the company plans to undertake "significant additional drilling" at the project with the objective of producing a Joint Ore Reserves Committee compliant ore reserve estimate and combined life-of-mine plan for Lichkvaz and the Kapan concentrator in the third quarter of 2017. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |