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Polyus Gold / Investor Relations / Reports print version

International Audit of Reserves (JORC Code)

Mineral resources according to JORC Code as of 1 January 2009
(Resources are inclusive of reserves)

 

Measured

Indicated

Total measured and indicated

Deposit

Ore
(million tonnes)

Grade
(g/t)

Gold content
(k oz)

Ore
(million tonnes)

Grade
(g/t)

Gold content
(k oz)

Gold content
(k oz)

Existing operations

Olimpiada1

19,3

5,00

3 131

79,8

3,70

9 616

12 747

Kuranakh1

1,8

1,90

106

160,4

1,20

6 447

6 553

Zapadnoye1

0,3

1,80

17

5,6

3,00

542

559

Lenzoloto1

32,1

0,22

237

169,8

0,42

2 091

2 328

Subtotal

53,5

2,03

3 491

415,6

1,40

18 696

22 187

Projects

Blagodatnoye5

3,4

2,50

271

132,8

2,40

10 230

10 501

Natalka2

163,9

1,74

9 166

626,9

1,52

30 543

39 709

Verninskoye1

-

-

-

31,5

2,20

2 248

2 248

Olenye1

-

-

-

0,4

7,40

100

100

Titimukhta3

9,7

3,10

950

17,6

3,10

1 750

2 700

Chertovo Koryto4

4,1

1,85

247

46,4

1,84

2 742

2 989

Subtotal

181,1

1,83

10 643

855,5

1,73

47 613

52 247

Total

234,6

1,87

14 125

1271,1

1,62

66 309

80 434

 

Inferred

 

 

 

 

 

Ore
(million tonnes)

Grade
(g/t)

Gold content 
(k oz)

 

 

 

 

Existing operations

Olimpiada1

37,2

3,10

3 666

 

 

 

 

Kuranakh1

7,3

1,50

346

 

 

 

 

Zapadnoye1

1,7

3,40

181

 

 

 

 

Lenzoloto1

29,2

0,62

520

 

 

 

 

Subtotal

75,4

1,94

4 713

 

 

 

 

Projects

Blagodatnoye5

36,1

2,20

2 555

 

 

 

 

Natalka2

472,4

1,42

21 538

 

 

 

 

Verninskoye1

4,4

3,10

446

 

 

 

 

Olenye1

0,7

6,90

150

 

 

 

 

Titimukhta3

3,6

2,40

270

 

 

 

 

Chertovo Koryto4

2,1

1,64

109

 

 

 

 

Subtotal

519,2

1,50

25 068

 

 

 

 

Total

594,7

1,56

29 781

 

 

 

 

1. Audited in October 2006 by Micon International Co. Ltd.
2. Audited in July 2007 by Micon International Co. Ltd.
3. Audited in July 2008 by Micon International Co. Ltd.
4. Audited in January 2008 by Micon International Co. Ltd.
5. Audited in November 2008 by Micon International Co. Ltd. 

 

Ore reserves according to JORC Code as of 1 January 2009

 

Proved

Probable

Total proved and probable

Deposit

Ore
(million tonnes)

Grade
(g/t)

Gold content
(koz)

Ore
(million tonnes)

Grade
(g/t)

Gold content
(k oz)

Gold content
(k oz)

Existing operations

Olimpiada1

19,0

4,90

3 005

87,0

3,60

10 041

13 046

Kuranakh1

-

-

-

31,9

1,60

1 646

1 646

Zapadnoye1

-

-

-

4,4

2,80

394

394

Lenzoloto1,6

12,5

0,32

1287

228,1

0,52

1 603

1 731

Subtotal

31,5

3,09

3 133

332,7

1,87

13 684

16 817

Projects

Blagodatnoye5

3,1

2,30

226

132,1

2,27

9 663

9 859

Natalka2

242,3

1,30

10 291

883,1

1,10

30 550

40 841

Verninskoye1

-

-

-

17,1

3,00

1 657

1 657

Olenye1

-

-

-

0,5

6,40

99

99

Titimukhta3

7,7

3,30

817

13,4

3,30

1 422

2 239

Chertovo Koryto4

3,8

1,80

218

39,8

1,84

2 352

2 570

Subtotal

256,9

1,40

11 552

1 086,0

1,31

45 713

57 265

Total

288,4

1,58

14 685

1 314,1

1,41

59 397

74 082

1. Audited in October 2006 by Micon International Co. Ltd.
2. Audited in July 2007 by Micon International Co. Ltd.
3. Audited in July 2008 by Micon International Co. Ltd.
4. Audited in January 2008 by Micon International Co. Ltd.
5. Audited in November 2008 by Micon International Co. Ltd.
6. Measured in 000's of m3.
7. Measured in g/m3 of extracted gold.

 

Total mineral resources and ore reserves as of 1 January 2009
(Reserves and resources according to JORC Code)

Classification

Category

Ore 
(million tonnes)

Grade
(g/t)

Gold content 
(k oz)

Resources1,2

Measured

234,6

1,87

14 100

 

Indicated

1271,1

1,62

63 800

 

Total measured and indicated

1505,7

1,66

77 900

 

Inferred

594,7

1,57

30 117

 

Total measured, indicated and inferred

2100,4

1,63

110 215

Reserves1

Proved

288,4

1,58

14 685

 

Probable

1 314,1

1,41

59 397

 

Total proved and probable

1602,5

1,44

74 082

1. Lenzoloto gravel volumes converted using bulk density of 2t/m3.
2. The mineral resources estimated for each deposit are given for the whole deposit and include mineral resources attributable to minority shareholders' interests in Polyus Gold's subsidiaries.



Mineral resources and ore reserves of the Titinukhta gold deposit, Severo-Yeniseysk area, Krasnoyarsk region RF. July 2008
Download in PDF (2,3 Mb)

Micon report on Chertovo Koryto deposit. January 15, 2008.
Download in PDF (2,5 Mb)

Micon report on Natalka deposit. July, 2007.
Download in PDF (2 Mb)

Polyus Gold Reserves and Resources by JORC Code as of 1st January 2006.
Download in PDF (85 Кb)

SRK Consulting Audit Report of Nezhdaninskoe Deposit. February, 2006.
Download in PDF (405 Кb)

SRK Consulting Audit Report of Kuranakh Ore Field. February, 2006.
Download in PDF (365 Кb)

SRK Consulting Audit Report of Kyutchus Deposit. February, 2006.
Download in PDF (158 Кb)

Micon International Audit Report of Olimpiada and Blagodatnoe Deposits. May, 2006.
Download Part 1 in PDF (3,4 Mb)
Download Part 1 in PDF (1,3 Mb)

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