A complex of ore gold deposits in the Magadan Region, Russia, is for sale. The complex comprises three licensed areas and is being sold as a single lot. The close proximity of the sites allows for processing ore from all deposits at a single gold recovery plant (GRP). The primary deposit is ready for mining.
Deposit 1:
- License type — BR (Mining & Exploration)
- Reserves: C1+C2 (GKZ-approved) — 10 t
- Off-balance resources (C2) — 2 t
- Inferred resources (P1+P2) > 8 t
- Average gold grade — 2.5 g/t
- Site area — 9 sq. km
Work completed:
- Open-pit mine opened, main site areas prepared
- Feasibility study for provisional exploration parameters approved
- Exploration conducted, reserves confirmed
- Water supply and dirt road access available
GRP processing flow sheet:
- Staged crushing/grinding with gravity separation
- Standard sorption cyanidation of gravity tailings
- Intensive sorption cyanidation following regrinding of gravity concentrate
- Elution, Au/Ag electrolysis, and production of doré alloy
Deposit 2:
- License type — BP (Exploration)
- Inferred resources (P2+P3) > 30 t
- Site area — 30 sq. km
Deposit 3:
- License type — BP (Exploration)
- Estimated resources (P1+P2+P3) > 10 t
- Site area: 68 sq. km
The presentation and key documents will be provided strictly after an NDA is signed. Negotiations and site due diligence will take place strictly after proof of funds is provided.