White Tiger Gold Ltd TSX:WTG announced that it has updated the NI 43-101 reserves and resources at its Savkino Gold Mine in Siberia, Russia. Savkino now has proven and probable reserves of 439,000 ounces gold, and resources of 485,000 ounces gold measured and indicated, 35,000 ounces inferred.
CEO Daniel Major stated, “Our comprehensive exploration program has resulted in a substantial increase in gold contained in reserves and resources on the Ildikan property and positively impacts the Savkino gold deposit operations going forward. The increase in reserve tonnage expands the potential of the deposit and fully supports our planned expansion of the open-pit. We expect this increase in gold throughput will have a significant positive impact on the project’s economics.”
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by Ted Niles