Petropavlovsk wins an auction for a new area for the Pokrovsk mine.
The company "Pokrovskiy Rudnik", part of "Petropavlovsk", has won an auction for Sosnovsk ore prospective area in Zeysk region. The company obtained a license for 25 years. New forecast resources of gold - about 42 tons - will extend the production life of Pokrovsk for several more years. Today, it is a long-liver of gold ore production in the country - the company has been working for 16 years.
Resources of the Sosnovsk area are forecast P3 category, that is, take into account only the potential for discovery of a deposit. Therefore, "Pertopavlovsk" will carry out exploration work that could result in the discovery of new deposits. Projected reserves of gold in the facility are 42 tons, of silver - 275 tons.