Large gold ore asset in Buryatia, it was again put up for public auction after an unsuccessful previous attempt at sale. The initial cost of a license for its development increased by more than 230 million rubles, which indicates a high assessment of its potential.
The right to develop the Zegengol deposit will be awarded at an auction scheduled for the end of March. Applications from applicants are accepted until the beginning of the month. The winner of the competition will acquire a license giving the right to production for 20 years.
The asset is located in the Okinsky district, near the border with the Irkutsk region, and covers an area of more than 1.6 square kilometers. According to geological reports, its explored precious metal reserves are estimated at several tons, and balance categories have been approved for open-pit and underground mining.
Of particular interest to investors may be significant predicted resources, the total volume of which experts estimate at approximately 15 tons of gold. This indicates long-term potential for project development.
The relaunch of the auction with an increased starting price reflects confidence in the attractiveness of the property for specialized companies ready for serious investment to the gold mining sector Siberia.
The results of the upcoming auction will show how ready the market is for the implementation of large projects in the field of subsoil use. A successful sale of a license could give impetus to the development of production in a promising region.
Source: RIA Novosti
