The Russian government has issued a permit for Magadanskoye Geologorazvedochnoye Predpriyatiye, a subsidiary of gold producer Polyus, to explore and develop vein gold at the Degdekanskoye ore field in the Magadan region, the government said in a ruling published on January 23.
The reserves of the ore field, located close to Polyus’ Natalka gold field, stand at 88 tons under the P1 category and 102 tons under the P2 category taking into account the gold content of 1.3 grams per ton of ore.
In 2014 the Magadan region’s government said that it expected a mining plant to be launched at the Degdekanskoye field before 2020. (Prime/Ukrainian metal)
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