The Department of Subsoil Use of the Republic of Sakha (Yakutia) has announced three competitions for gold prospecting.

The combined cost of the three tenders is 866 million rubles.

Prospecting work will be carried out in three districts. In particular, the expected reserves of the Olekminskiy district on the territory of 104.72 square kilometers are 30 tons of R1 gold and 70 tons of R2 gold. The initial price of the contract is 305.8 million rubles.

In Verkhoyanskiy district gold will be prospected on the Shilginskoye ore field (70.7 square km). The expected results are 25 tons of R1 and 75 tons of R2 gold. The initial price is 281.3 million rubles.

The third tender will cover the Rederginskaya field in Aldanskiy region (133.9 square km). The expected reserves are 10 tons of R1 and 80 tons of R2.

All the prospecting work must be carried until the end of 2023. (Ukrainian metal)

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