Pavlik Gold Ore Company

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Pavlik Gold Ore Company holds a license for search, exploration and ore gold mining at Pavlik deposit, Tenkinsky District, Magadan Region of the Russian Federation since 2007. Within 2007 – 2011 a detailed exploration of the deposit and its flanks, a considerable volume of core drilling, bulk sampling, hydrogeological, geotechnical, environmental studies and a complex of detailed geophysical works were carried out. In 2013 was prepared constant exploration conditions approved by GKZ Rosnedra with “On-Balance” reserves (C1+C2) 154.3 (t) gold. Resources of Russia P1 category estimates 61 (t) gold. Average gold grade is 2.5 g/t. Accordance with JORC, indicated resources estimates 163.5 (t) gold, inferred resources estimates 53.8 (t) gold.

At the end of 2014, started mining, and in mid-2015 was the first gold production.

In the near future the company intends to complete the preliminary exploration of the deposit Rodionovskoe”, Magadan region. In addition, the company exploration activities on the deposits “Burkhalinskoye”, “Shakhskoye”, “Utinskoye”. also Magadan region.

 

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