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| LOCATION |
Chalkidiki Peninsula, Northern Greece |
| DEPOSIT |
Gold-silver-lead-zinc |
| RESERVES (100%; at December 31, 2011) |
| Proven + Probable |
4.1 Moz @ 7.9 g/t Au, 58.8 Moz @ 114 g/t Ag, 599 Kt Pb, 796 Kt Zn
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| RESOURCES (100%; at December 31, 2011) |
| Measured + Indicated |
4.3 Moz @ 8.9 g/t Au, 61.9 Moz @ 130 g/t Ag, 630 Kt Pb, 839 Kt Zn |
| OWNERSHIP |
95% (through Hellas Gold) |
| PROJECT STATUS AND HISTORY |
- Fully permitted
- Phased development plan with US$207 million estimated development capital
- Mill refurbishment complete
- Rehabilitation of the underground mine continues
- Portal development for the ~8km tunnel linking Stratoni and Olympias completed in Q2 2012
- Commissioning of processing plant started late Q2 2012
- Concentrate production from tailings commenced in Q3 2012
- Orebody open at depth and potential to add significant resources and reserves
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Description
The Olympias property is located in the Chalkidiki peninsula, Northern Greece. The project is within a group of granted mining and exploration concessions covering 317 km2, approximately 100 km east of Thessaloniki. The area is located at approximately Latitude 40° 36' and Longitude 23° 50'.
Files
Technical Report on the Olympias Project; July 14, 2011 (3.4 MB)
Last update: December 18, 2012
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