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 | Fly Arna license suspended, says Armenia official The license of the Armenian airline Fly Arna has been suspended for six months, an official says. President stresses Armenia’s clear position to achieve peace On the eve of the International Francophonie Day, the Armenian President met with French intellectuals. Pashinian meets border villagers on possible land transfer to Azerbaijan Prime Minister Nikol Pashinyan has met with concerned residents of two villages in Armenia’s northern Tavush province. Kazakh Foreign Minister arrives in Armenia Kazakh Foreign Minister Murat Nurtleu on Monday, March 18 arrived in Armenia for a two-day trip. |