ALTYN PLC: Underground mine development update
10 March 2021 - 6:00PM
UK Regulatory
TIDMALTN
AltynGold Plc
("AltynGold" or the "Company")
Underground mine development update
Since the beginning of 2021, the operations at Sekisovka
underground mine has been transitioning to ore breaking by
small-diameter boreholes (64mm) using Boomer TID LHD drilling
rigs.
The introduction of this measure in mining operations has
reduced the impact of seismic factors from blasting on the
stability of ore masses and host rocks, thus reducing the oversize
yield and importantly, reducing the dilution of ores during
stoping.
Since October 2020, the Company has seen a systematic
improvement in the quality of mined ore delivered for processing.
As of February 2021, at 1.75g/t there has been more than a 15%
increase in the average grade of ore year on year.
Further Information:
For further information please contact:
AltynGold Plc
Rajinder Basra
+44 (0) 207 932 2455
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
AltynGold Plc (LSE:ALTN) is an exploration and development
company, which is listed on the main market segment of the London
Stock Exchange.
To read more about AltynGold Plc please visit our website
www.altyngold.uk
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210309005836/en/
CONTACT:
Altyn Plc
SOURCE: Altyn Plc
Copyright Business Wire 2021
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