en.Wedoany.com Reported - Sichuan Gold of China recently announced that the Natural Resources Department of Sichuan Province has reviewed and approved the company's submitted "Verification Report on the Resource Reserves of the Suoluogou Gold Mine in Muli County, Sichuan Province." This review confirmed a significant increase in the proven reserves of the Suoluogou Gold Mine compared to the results from the previous review in September 2016. Specifically, the ore tonnage increased by 19.796 million tons, and the gold metal content increased by 31,478 kilograms.
The change in resource reserves primarily stems from two factors: First, production exploration and the addition of new exploration projects have expanded the scale of the ore bodies, adjusted the exploration type, and delineated 22 new ore bodies. Second, the verification report adopted lower industrial indicators: the Au cut-off grade was reduced from 0.8 g/t to 0.4 g/t, and the minimum industrial grade was reduced from 1.2 g/t to 0.8 g/t, allowing more low-grade ore to be included in the reserve statistics.
The Suoluogou Gold Mine is located in Muli County, Sichuan Province, China. This increase in reserves means the mine's exploitable resource scale has further expanded, providing more abundant resource assurance for subsequent mining operations. According to the announcement, this reserve verification report was prepared based on stricter exploration standards and updated industrial indicators, resulting in higher data reliability and providing important reference value for guiding mine production planning.
Currently, Sichuan Gold is optimizing its mining plan based on the new reserve data, focusing on advancing detailed exploration and mining design for the newly delineated ore bodies. The next step involves the company systematically promoting resource development and utilization in line with market gold price trends and the mine's production capacity, ensuring the transformation of resource reserves into actual production capacity.
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