North-Eastern Production and Geological Association, JSC (Magadan, a part of Rosgeo state holding) has completed preparation of project for carrying out works on the Deryas-Yuryaginskaya prospective area. Here, the company is searching for ore gold within the framework of the state contract concluded by Rosgeo and the Subsoil Management Department of the Far Eastern Federal District this year.
The facility is located in the Srednekansky District of the Magadan region, 35 km from the large district center, Seymchan village. The total survey area will make up 69 km2. The main objective of the project is to localize and assess the estimated gold resources in categories P1 and P2, to prepare guidelines as regards the direction of further geological exploration within the area. Contract is planned to be executed until the end of 2020.
During Q3 of 2018 the lithochemical survey in 1: 10000 scale and geophysical work with the use of IP-VES methods at the predicted Zarky gold ore field were fully completed. Within the limits of potential ore-bearing zones identified during the previous works stages, the excavation was started. It will allow the predetermination of this area ore saturation extent.
In Q4, it is planned to complete mining at Zharky and proceed to laboratory studies, as well as office processing of the information being received.
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