Russia’s Far Eastern Subsoil Resources Department (Dalnedra) is preparing to auction another placer gold deposit in the Magadan Region. The Sudar Creek deposit, containing 143 kilograms of gold, will go under the hammer at the end of July. Its key advantage is fully developed infrastructure and proximity to a former settlement.
Dalnedra has approved the auction terms, with the winning bidder receiving a 10-year mining license for commercial development of the placer deposit. The auction is scheduled for late July.
The deposit is located in the Yagodninsky Municipal District, within the basin of the Taskan River, on one of its left-bank tributaries. The licensed area covers 5.02 square kilometers.
According to Dalnedra, the district is already well developed in terms of infrastructure and economic activity. As a result, the successful bidder will not need to build roads, power lines, or rotational camp facilities from scratch, significantly reducing the initial capital investment compared with more remote projects.
The deposit contains 143 kilograms of C₁-category placer gold reserves. The starting bid has been set at RUB 15.936 million, and the license is intended for commercial mining operations.
The Sudar Creek auction is part of Dalnedra’s summer licensing program. During July, the agency also plans to auction two additional placer gold properties in the Magadan Region. One is located on the Kolyma River in the Terrasovy Creek basin, while the other is situated on Kunkuy Creek and its Platsdarm tributary in the Khasynsky Municipal District.
Kolyma’s placer gold deposits continue to attract strong interest from mining companies. The three July auctions will provide developers with an opportunity to expand their project portfolios through deposits that offer established infrastructure and well-defined development conditions.
Source: zolteh.ru
Image: zolteh.ru
