GV Gold has won an auction for geological exploration and development of ore gold on the Ergelyakh block in the republic of Yakutia, the company said in a statement.
Ergelyakh is located 30 kilometers off the Drazhnoye deposit of GV Gold’s Tarynsky ore-enrichment plant.
Ergelyakh’s forecasted ore gold resources stand at 0.12 tons under the R1 category, 0.6 tons under R2 and 9.3 tons under R3. (Prime/Ukrainian metal)