News and Press-releases

GV Gold (Vysochaishy, OJSC) approved Ozherelie deposit reserves

The Territorial Committee for Mineral Reserves of Irkutsk Region Subsurface Management Administration approved gold reserves of Ozherelie deposit’s ore zone № 1 with the Protocol № 1072 dated 21.01.2014. The C1+C2 category balance reserves of gold amounted to 3364.9 at the average grade of 1.9 g/t and the C2 category off-balance reserves amounted to 792.6 kg at the average grade of 2.7 g/t.

Further Company plans to continue estimating the perspectives of the given license area.

Ozherelie deposit is located on the territory of Bodaibo Area of Irkutsk Region, to the Southeast of Marakan settlement. The deposit is located at the distance of 9 km from Marakan Mill also belonging to GV Gold (Vysochaishy, OJSC) and currently developing Ykanskoye deposit. The Company considers Ozherelie deposit reserves as the additional resource base for the expansion of the existing Mill’s capacities.