Nord Gold SE
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Publicatie datum
23 jun 2014 - 08:19
Statutaire naam
Nord Gold SE
Titel
Nordgold’s Buryatzoloto Receives Gold Exploration and Mining Licence in Russia
Bericht
Amsterdam, Netherlands, June 23, 2014 – Nord Gold N.V. (“Nordgold” or the “Company”, LSE: NORD), the internationally diversified, pure-play gold producer strategically focused on emerging markets, is pleased to announce that JSC “Buryatzoloto”, in which the Company holds an 84.9% in the common shares, has received an exploration and mining licence to develop and operate the Onot-Kitoyskaya gold area in the Republic of Buryatia in Russia.
The Onot-Kitoyskaya area is adjacent to Nordgold’s existing licence areas of Buryatzoloto, which operates two mature underground gold mines – Irokinda and Zun-Holba. Total resource potential of the area is estimated at 50 tonnes of gold in P2 Russian classification resources and 105 tonnes in P3 resources.
Buryatzoloto paid 18.150 million roubles (approximately US$0.5 million) for the licence.
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