The Ukrainian Metal

Russia: Gorniy site starts yielding gold

Kanchalano-Amguemskaya Ploschad LLC has begun industrial gold-extracting at the Gorniy site of the Zhilnoye deposits in Chukotka.

The first ore has been sent to the gold-extracting factory of the Valunisty mine, and the first ingots are expected this month.

By the end of the second quarter the company intends to have obtained 505 kg of gold and 3 tons of silver. Gold reserves of the site are estimated at 4 tons. They will be in development until 2021. (Ukrainian metal)

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