AO Severo-Kavkazskoye PGO (city of Essentuki, the company is a part of Rosgeo state parent company) made a geological exploration project for Olkhovskaya promising area. The document was submitted to the southern territorial subdivision of Regioexpress Federal State-Funded Institution (city of Rostov-on-Don) for additional approval.
The site is located in the Rostov Region. The total area of the exploratory site is 202 km2.
Rosgeo conducts prospecting for gold in this area pursuant to the state contract concluded in the summer of 2018 between the parent company and the Department for Subsoil Use in the Southern Federal District of Rosnedra.
Geologists are to find the sites promising for ore gold (ore field, a potential deposit) in carbon-terrigenous-carbonate complexes; localize and evaluate the inferred resources of the precious metal by P1 and P2 categories.
In 2019, it is planned to conduct prospecting traverse, geophysical (land and well), mining footage, drilling, testing, laboratory, analytical and office works aimed to evaluate the gold content from the surface to the depth.
It is planned to complete the exploration of the area under the state contract by the end of 2020. By this time, experts will have to find and delineate fragments of gold mineralized zones and develop the recommendations for conducting exploration at the subsequent stages of work.
Press service of AO Rosgeo – RG-Inform
Rosgeo is a Russian multi-industry geological parent company, which renders a full range of services related to geological exploration, i.e. from areal studies to stratigraphy and subsoil monitoring. The parent company has distinctive competencies, in particular, in the field of marine geology and offshore operations. Rosgeo was founded according to RF President’s Decree No. 957 of July 15, 2011 based upon one of the oldest exploration companies in Russia – Tsentrgeologiya.
The parent company’s enterprises operate in all eight Federal Districts of Russia.
The North Caucasus Geological Contracting Association is a successor to the Koltsovskaya Expedition (Yessentuki) established in 1947, incorporating JSC Koltsovgeologiya, JSC Yuzhgeologiya, JSC Kakazgeolsyomka and JSC Sevosgeologorazvedka.
In addition to carrying out geological surveys related to hard minerals and water, the company is also a provider of radioecological services and a manufacturer of equipment for geological survey operations.