Omolonskaya Gold-Mining Company (OZRK), a part of Polymetal, has received a license to prospect a new site of the Nadezhda Ore Group in the Magadan region.
The license is valid for 7 years.
The site is 45 km from the Kubakinskaya gold-processing factory, belonging to OZRK.
The company will start drilling in 2018. If gold ore is found, it will be able to apply for certificate on finding a natural reserves deposit. (Ukrainian metal)