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NORTHERN MINES

Pervomayskoye license area. Project on carrying out greenfield exploration of ore and placer gold has been made and approved

29December 2015

Under mineral license VLV #01535 BR in order to explore and to mine ore and placer gold according to technical plan there was carried out gold’s mine of Block #7 of upper part of Pad Morozova with fractional rewashing dredging tailings.
Stope development operations and confirmatory works were conducted at Block #6 including footage of 18 prospecting holes.

Under mineral license VLV #02387 BR for flanks of Pervomayskoye deposit Project on carrying out greenfield exploration of ore and placer gold has been made and approved. Exploration was started in field season 2015.
Exploration works for placer gold were focused on bottom of Pad Morozova placer. As a  result of carried out works there were explored and estimated reserves of C2 category gold – 53,6 kg. The report on reserves estimation was made and passed an expertise. The reserves are approved by Minutes of  Territorial Committee for Natural Reserves of Primornedra.
Spectral analyzer Thermo Niton XL3t GOLDD was used during test survey of ore gold occurrences at the ore zones of deposit Pervomayskoe. It has shown good results for further using at the deposit.