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Eurasia pleased with progress

By BFN News | 07:57 AM | Friday 24 March, 2017


Eurasia Mining has started production work at the Malaya Sosnovka area within the West Kytlim alluvial platinum and gold mine. And it said an increase in the reserves for the Malaya Sosnovka area had been submitted for approval. It also said that first review and additional information had been completed by the reserves committee assessing the feasibility study and reserves report for Monchetundra in Kola and discussions on project finance were under way for the Semenovsky tailings and the exclusivity period had been extended. Managing director Christian Schaffalitzky said: "We are pleased with progress in all three projects which are advancing as planned. "At West Kytlim we have just started the production work for the year. "At Monchetundra the project is coming to fruition and we expect the approval of the TEO and the reserves. "At STP, we are seeking a financing structure that would avoid dilution for Eurasia shareholders. "In the view of the board, we are happy that the company is steadily securing its future and making a platform for further development of Eurasia for our shareholders. "Eurasia will be attending two investors conferences in the coming weeks; Master Investors Show on Saturday 25th March 2017 and the UK investor show on April 1st 2017. "We would be pleased to discuss these updates in person at these upcoming events." Story provided by StockMarketWire.com

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