Ammended NI 43-101 Technical Report on the Biely ... - EMED Mining

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EMED Mining - Biely VrchNovember 201022.0 RECOMMENDATIONSThe following actions are recommended for the continuing exploration and development of the BielyVrch project: Further infill drilling to at least a 50m x 50m spacing to upgrade from Inferred toIndicated resource category; Determine suitable drill-hole spacing for measured resource category material; Undertake additional specific gravity measurements for the full range of alterationand oxidation states present in the deposit; Undertake further metallurgical test work to determine the most appropriateprocessing procedures for the various resource materials in the Biely Vrch deposit,particularly an alternative, more effective process for the primary and transitionmaterial; These recommendations are not contingent on the successful completion of each orany of these recommendations;Work Programme and Estimated Budget for Biely Vrch.NOTE : This excludes any expenditure outside the Detva licence area.The work programme on the Biely Vrch project will involve the following:Completing and submitting a Preliminary Environmental Impact Statement (PEIS)which will clarify whether the proposed mining project is acceptable and in particularwhether the use of cyanide is likely to be permitted.Negotiating a mutually satisfactory agreement with the industrial complex adjacent tothe Biely Vrch gold deposit.Obtaining option agreements with the relevant private land owners for land requiredfor the proposed mining operation.Within six months of obtaining a “certificate of exclusive deposit” from thegovernment (received in the last week of September 2010) applying for a ”protecteddeposit” area (an application has already been submitted) and following from thatapplying for a mining lease. Note that under Slovak legislation, obtaining a mininglease reserves the area for future mining (effectively rezoning the land use) but doesnot give the right to mine. Approval to mine will require a mining application whichitself requires a detailed EIS and mine operation plans (i.e. a completed feasibilitystudy).1000m of drilling in order to upgrade the Biely Vrch Inferred Resource estimate toIndicated Resource status.The purchase or rental of the forestry land at Biely Vrch in order to do the drilling.Metallurgical test-work.<strong>NI</strong> <strong>43</strong>–<strong>101</strong> <strong>Technical</strong> <strong>Report</strong> 45 BEHRE DOLBEARLegal*5650400.1
EMED Mining - Biely VrchNovember 2010The budgeted expenditure proposed for the Biely Vrch (Detva) project in Slovakia over the next 12months is as follows and appears to be a realistic expenditure:Biely Vrch – Estimated costsTOTALC$Drilling and Geology 1,125,000Management and Project Development 264,000Permitting and Tenement Rental <strong>43</strong>8,000Capital 84,000General and Administrative 357,000Total 2,268,00023.0 REFERENCESEMED Mining. The Biely Vrch deposit: Geological overview. Ron Cunneen, Chief Geologist,EMED, April 2009.EMED Mining. Road map – Biely Vrch. 01/07/2010EMED Mining, Soil geochemistry results, Biely Vrch prospect, Detva tenement, Slovakia, June 2008.EMED Annual <strong>Report</strong>s for 2006, 2007, 2008, 2009EMED website www/emed-mining.comPotter S.C. and Lexa J.Gold in the Tertiary Volcanic Rocks of Slovakia.Ammtec Ltd. Heap leach amenability testwork conducted upon four (4) samples of low-grade goldore for eastern Mediterranean Resources Public Limited. August 2009.Snowden Ltd. Biely Vrch Porphyry Gold Resource Estimation, Slovakia January 2009.Snowden Ltd, Biely Vrch Porphyry Gold Resource Update, Slovakia. March 2010AMC Consultants (UK) Ltd. Biely Vrch Scoping Study, July 2010.<strong>NI</strong> <strong>43</strong>–<strong>101</strong> <strong>Technical</strong> <strong>Report</strong> 46 BEHRE DOLBEARLegal*5650400.1
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Ammended NI 43-101 Technical Report on the Biely ... - EMED Mining

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