ArmInfo.Subsidiary of the Russian holding company Polimetal International Poliarm intends to continue geological exploration and technological work at the Lichkvaz- Tey gold and copper deposit. According to TASS, this is stated in the materials for the meeting in Moscow between Russian and Armenian Prime Ministers Dmitry Medvedev and Nikol Pashinyan.
The source reminds that "Polyarm" bought in 2015 100% of the shares of the Armenian company that owns the license for this deposit.
Earlier it was reported that Polymetal Int (uniting the assets of Polymetal) completed the audit of the mineral resources of the Lichkvaz project in Armenia. According to JORC, they are 600,000 ounces (18.7 tons) of gold equivalent for underground mining. The Lichkvaz field contains 4.3 million tones of ore with an average grade of 4.2 g / t, containing 600 thousand ounces (18.7 tones) of gold equivalent. Mineral resources are confirmed by independent auditors of CSA Global.
The Lichkvaz field is located in Meghri, Syunik region in the south of Armenia (Marz Syunik), 380 kilometers south of Yerevan. The main industrial elements of the deposit are gold and copper, silver is considered a by-product.
RUB | 4.22 | 0.04 |
USD | 388.60 | -1.44 |
EUR | 416.73 | 1.10 |
GBP | 485.98 | 4.24 |
CAD | 284.02 | -0.58 |
JPY | 24.99 | -0.21 |
CNY | 53.63 | -0.19 |
CHF | 425.54 | -2.14 |