Deccan Gold Mines advances Altyn Tor project towards production
** Deccan Gold Mines has announced advancements in its Altyn Tor Gold Project, with construction activities in Kyrgyzstan progressing rapidly. Key milestones include completed foundations for the Ball Mill and leach tanks, as well as the start of elution building foundations. Waste stripping has commenced to prepare for full-scale mining in 2026, with an initial 300,000 tonnes of waste removal planned for 2025. The company has also initiated a 5000m drilling program targeting increased mineral resources, building on 2024 discoveries of gold mineralization extending west and below the current pit design. Deccan Gold aims to increase total resources to over 200,000 ounces and extend mine life to around 10 years, benefiting shareholders and the local community. The company holds a 60% stake in its subsidiary company, Avelum Partner LLC, which operates the Altyn Tor Gold Mine in Kyrgyzstan. The company anticipates an increase in gold resources to over 200,000 ounces and the potential for underground mining operations.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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