CEO of GV Gold being interviewed regarding the Krasny project: "we will and we are ready to build the mine"

In September 2017, the Russian Internet news portal Prime Gold - Vestnik Zolotopromyshlennika (https://gold.1prime.ru), specializing on mining industry information, published an interview with German Pikhoya, CEO of GV Gold, regarding the GV Gold's development plans, including the Krasny project. The interview was given in connection with the Eastern Economic Forum in Vladivostok, Russia and was published in Russian, see attachment for the original Russian article.

In the interview, German Pikhoya discusses the development plans of GV Gold in the Irkutsk and Yakutia regions, production targets, as well as plans for an IPO in 2018. Part of the interview also concerns the Krasny project development, which is translated as follows:

"Question: What is the current development stage for the Krasny project in Bodaibo?

- For this project, we have just completed the exploration phase. We have not yet decided in which format we shall produce this deposit. There are several options: A processing plant with 800 ktons of ore capacity, the second option - twice as large operations. We will either develop a big open pit from the beginning, or we develop the operations in stages. Currently the Investment justification report for the project is completed. We will bring the matter for decision of our directors and shareholders in the near future. I believe that we will proceed with project design and construction under one of the options during the next year. Our partner in this project, Kopy Goldfields, owns 49% in the project, so we will discuss the production options with them and their participation in financing. Under any circumstances, we will and we are ready to build the mine."

Source: https://gold.1prime.ru/interview/20170912/223634.html

This is an in-house translation. In case of any discrepancy between the English and the Russian version, the Russian version shall take precedence.

Please read the full text of the interview for details, attached as a separate document.

Stockholm, October 18, 2017

For more information, please contact:
Mikhail Damrin, CEO, +7 916 808 12 17, mikhail.damrin@kopygoldfields.com
Tim Carlsson, CFO, + 46 702 31 87 01, tim.carlsson@kopygoldfields.com

About Kopy Goldfields AB
Kopy Goldfields AB (publ), listed at NASDAQ First North in Stockholm is a gold exploration and production company operating in one of the most gold rich areas in the world; Lena Goldfields, Bodaibo, Russia. The company holds 12 bedrock exploration- and production licenses and one alluvial license covering in total 2,049 sq km, of which the Krasny licenses (2 bedrock and 1 alluvial) are held 49% by the company. The target for Kopy Goldfields is to become a near-term gold producer in cooperation with a producing partner under JV agreement.

Kopy Goldfields AB applies International Financial Reporting Standards (IFRS), as approved by the European Union. Aqurat Fondkommission acts as Certified Adviser, contact number: +46-8-684 05 800.

The Share
Ticker: KOPY
http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE77457
Outstanding shares: 79,866,054

Krasny-projektet: Resultat visar en signifikant ökning av guldmineraliseringen

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") är glada att kunna tillkännage nya borresultat, vilka bekräftar en 160 meters förlängning av Krasny-mineraliseringen samt en 620 meters förlängning av Vostochny-mineraliseringen västerut i strykningsriktningen. Resultaten lämnar båda mineraliseringarna öppna i strykningsriktningen och utgör bevis för en viktig utbredning av guldmineraliseringarna västerut, vilket bidrar till att potentialen för ytterligare mineraltillgångar ökar.


Krasny project: Results show a significant increase of gold mineralization

Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") is happy to announce new drill results, confirming 160 meters extension of the Krasny mineralization, and 620 meters extension of the Vostochny mineralization to the west along the strike. The new drill results leave both mineralizations open along the strike and provide evidences of an important extension of the gold mineralizations to the west, increasing the gold resource upside potential.


Borrning på Krasny-projektet har slutförts

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") informerar att borrningen av 2017 års prospekteringsprogram på Krasny-projektet har slutförts.


Drilling on the Krasny project has been completed

Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") informs that drilling under the 2017 exploration program on the Krasny project has been completed.


Ny preliminär förstudie av Krasny projektet visar fortsatt positiva resultat

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") har glädjen att tillkännage positiva preliminära resultat från en Scoping Study ("preliminär förstudie") av guldfyndigheten Krasny. Genom förstudien har olika scenarion för guldproduktion utvärderats, så som produktion av endast den övre mineraliseringen eller av både den övre och den undre mineraliseringen, samt produktion genom endast dagbrottgruva eller genom en kombination av dagbrott och underjordsgruva. Samtliga produktionsscenarion visade positiva fria kassaflöden. Bäst utfall förväntas vid produktion av både den övre och undre mineraliseringen i ett dagbrott, vilket beräknas till 373 miljoner USD i odiskonterat fritt kassaflöde vid ett fast guldpris om 1 250 USD/oz och totala produktionskostnader om 601 USD/oz. Den preliminära förstudien är inte helt slutförd och resultaten kan därför komma att förändras i en slutlig version. 


Further positive results from a new scoping study on the Krasny project

Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") is glad to announce positive intermediary results from a scoping study on the Krasny gold project. The study evaluated different gold production options; including development of, either, only the Upper mineralization, or, both the Upper and Lower mineralizations, as well as only open pit production, or a combination of open pit and underground mining. All production scenarios returned positive free cash flows. The best outcome is estimated when producing both the Upper and Lower mineralizations in an open pit with total undiscounted free cash flow of USD 373 million, at a fixed gold price of 1,250 USD/oz and production costs of 601 USD/oz. The study is not yet fully completed; hence, the results may be subject to change.



GV Gold föreslår att Krasny-projektet skall tas vidare till lönsamhetsstudier och tillståndsprocesser under 2018

GV Gold föreslår att lönsamhetsstudier och tillståndsprocesser skall inledas på Krasny-projektet för att kunna förbereda projektet för byggstart i slutet av 2018. En uppdatering av den ryska reservrapporten kommer att påbörjas i början av 2018 och ytterligare prospektering inom Krasny och Batyi licenserna kommer att fortsätta för att öka och uppgradera guldresurser och reserver. En ny projektledare för Krasny har utsetts av GV Gold och Kopy Goldfields.


GV Gold proposes to take the Krasny project into Feasibility Studies and permitting process in 2018

GV Gold proposes to take the Krasny project into Feasibility Studies and permitting process, in order to prepare the project for construction start by the end of 2018. An update of the Russian reserve report will be initiated in the beginning of 2018 and further exploration within the Krasny and Batyi license areas will continue, to increase and upgrade gold resources and reserves. A new project leader for Krasny has been appointed by GV Gold and Kopy Goldfields.


Kopy Goldfields presenterar i Stockholm

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") medverkar vid Stora Aktiedagen i Stockholm måndagen den 13 november 2017.


Krasny-projektet: Signifikant guldförekomst i borrprofil 16, vilken är den mest västerut belägna profilen

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") är glada att kunna tillkännage ett nytt signifikant borrtvärsnitt på 15 meter @ 2,12 g/t i borrprofil 16, den borrprofil som ligger mest västerut. Detta tvärsnitt bevisar fortsättningen på guldmineraliseringen västerut och förbättrar uppsidan avseende guldresurser.

Krasny project - significant gold intersection in the most western Profile 16

Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") is happy to announce a new significant drill intersection of 15 m @ 2.12 g/t in the most western drill Profile 16. This intersection evidences continuation of gold mineralization further to the West and increase the gold resource upside potential.


Kopy Goldfields presenterar i Falköping och Göteborg

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") medverkar vid Aktiedagen i Falköping måndagen den 23 oktober 2017 och vid Aktiekvällen i Göteborg onsdagen den 25 oktober 2017.


CEO of GV Gold being interviewed regarding the Krasny project: "we will and we are ready to build the mine"

In September 2017, the Russian Internet news portal Prime Gold - Vestnik Zolotopromyshlennika (https://gold.1prime.ru), specializing on mining industry information, published an interview with German Pikhoya, CEO of GV Gold, regarding the GV Gold's development plans, including the Krasny project. The interview was given in connection with the Eastern Economic Forum in Vladivostok, Russia and was published in Russian, see attachment for the original Russian article.


Kopy Goldfields participates and speaks in the MINEX 2017 Forum

Kopy Goldfields will participate in the MINEX 2017 forum in Moscow on October 11-12, 2017 and will give a company presentation.


Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Sturegatan 32
114 36 Stockholm

08-692 21 90
Kontaktformulär

Kontakta oss

Vill du veta mer om beQuoted och våra tjänster så fyll i nedanstånde uppgifter och tryck skicka.

En av våra rådgivare kontaktar dig inom kort.

Namn: Telefon: E-postadress: Meddelande: