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Centerra Gold Announces Updated Mineral Resources at Kemess; Advancing Studies on the Project
This news release contains forward-looking information about expected future events that is subje...
About this update from Centerra Gold Inc.
[{"type":"text","content":"Centerra Gold Announces Updated Mineral Resources at Kemess; Advancing Studies on the Project\n\n\n\n\n This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the “Cautionary Statement on Forward-Looking Information” below. All figures are in United States dollars unless otherwise stated.\n \n\n\n TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announces an updated mineral resource at Kemess, which includes results from the 2024 drilling campaign, and outlines a plan to advance studies on the project. In 2024, Centerra completed over 11,400 meters of core drilling for exploration, geotechnical, and metallurgical testing purposes. Those results have been included in the updated mineral resource as of April 15, 2025. Gold mineral resources at Kemess are estimated to contain 2.7 million ounces of indicated resources and 2.2 million ounces of inferred resources. Copper mineral resources are estimated to contain 971 million pounds of indicated resources and 821 million pounds of inferred resources (see the tables below for tonnage and grades).\n \n\n President and CEO, Paul Tomory, commented, “We are pleased to be moving forward with studies on the Kemess project. The updated mineral resource published today demonstrates robust mineralization in the highly prospective Toodoggone district in the northern interior of British Columbia. In addition, we have doubled our 2025 exploration guidance at Kemess to between $10 and $12 million which is expected to focus on infill drilling for the open pit and underground targets and also to test high grade mineralization in the deeper Kemess Offset zone. We are moving forward with a Preliminary Economic Assessment on Kemess, using an open pit and longhole open stoping underground mining concept, which is expected to be completed by the end of 2025. The significant existing infrastructure already in place, is expected to lower the execution risk compared to typical greenfield projects of this scale.”\n \n\n Paul Tomory concluded, “With the Kemess project, we are advancing the studies for a potential gold-copper mine with a possible 15-year operation in a top tier mining jurisdiction. We...