Drilling performed at Karymshinskaya Site in Kamchatka confirmed the gold potential of the facility

North-Eastern Production and Geological Association, JSC (Magadan, a part of Rosgeo state holding) has successfully completed works at Karymshinskaya Site planned for QIII 2018. Here, the company is searching for lode gold in accordance with the state contract concluded by Rosgeo and the Department for Subsoil Use of the Far Eastern Federal District in 2017.

The facility is located in the southeastern part of the Kamchatka Peninsula and is administratively a part of the Ust-Bolsheretskiy and Elizovskiy Districts. The site is located 90 km from Petropavlovsk-Kamchatsky. The implementation of the state contract is planned to be completed by the end of 2019.

In QIII prospecting traverses as well as mining works aimed at identifying new ore zones, and drilling to trace the already known ones to depth were carried out.

According to the results of prospecting traverses, new vein and vein and stringer zones with ore-grade gold-silver mineralization potential were identified and sampled.

In the central part of the North site, a zone of productive metasomatites with ore mineralization was penetrated by surface mine works. Their defined thickness varies within the range of 40 to 80 meters.

At the Karymshinskaya Site, within the previously established ore-bearing zones, drilling operations are carried out to localize and assess the estimated gold resources in category P1. The thickness and composition of penetrated formations generally correspond to indicators established on the surface by the predecessors.

In QIV it is planned to continue mining and drilling to further study ore-bearing formations, perform laboratory research and office processing of the data obtained.

 

RG-Inform, Press Center of ROSGEO JSC

ROSGEO is a Russian multi-industry geological holding company, which offers a full range of geological exploration services from regional surveys to stratigraphic drilling and subsoil monitoring. The holding company boasts unique expertise, particularly in marine geology and shelf operations.

ROSGEO was established by Decree No. 957 of the President of the Russian Federation dated 15 July 2011 on the basis of Tsentrgeologia, one of the oldest exploration companies in Russia. ROSGEO is a fully state-owned company.

The enterprises within the holding company operate in eight federal districts of Russia. ROSGEO has enterprises located across the country. A total of more than 1,000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields such as the Astrakhan field (2.5 trillion cubic meters of natural gas), the Tengiz field (3.1 billion tonnes of oil), the Kovykta field (1.9 trillion cubic meters of natural gas), the Sukhoi Log deposit (about 2,000 tonnes of gold), the Kursk Magnetic Anomaly, and many others.

 ROSGEO’s subsidiaries have rich experience in implementing projects abroad: dozens of new fields and deposits have been discovered in Asia, Europe, Africa, and Latin America.

 ROSGEO clients include such companies as Gazprom, Rosneft, Lukoil, Severstal, MMC Norilsk Nickel, Itera, NLMK, Sibuglemet, BP, Chevron, and many others.

 

JSC North-East PGO is a diversified geological prospecting company engaged in regional geological, forecasting, prospecting, evaluating, geochemical, geophysical, thematic, analytical and other studies directed at the rehabilitation of the mineral resource base of the north-eastern of Russia.

The company is currently engaged primarily in a search for and study of new deposits and occurrences of precious metals, gold in the first place. The trend is motivated by the growing interest of both private investors and the state in gold deposits, which, in turn, results in demand to intensify their early exploration.

The company is capable of application of different geophysical survey methods (magnetotelluric sounding, near-field time-domain electromagnetic sounding, frequency dispersion vertical electric sounding, frequency dispersion signal generator sounding, converted wave method, etc.) and has at hand all required equipment, well logging technologies and up-to-date software.
The company owns the only accredited laboratory in the region, which is capable of performing analytical studies of a wide range including contractual work.


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