14.05.2007

The “FavoritCenter” Geological Survey Company, managed by the ROEL Group of Companies, discovered a large hardrock gold deposit in the Trans-Baikal Region

The “FavoritCenter” Geological Survey Company, managed by the ROEL Group of Companies, discovered a large hardrock gold deposit in the Trans-Baikal Region.
A large hardrock gold deposit has been discovered by specialists of “FavoritCenter” company with the help of remote earth sensing (space monitoring) in Chita Region. The deposits are part of Kholodzhikan ore fields. Management of the geological survey company is being performed by the ROEL Group of Companies.
At present, the full set of forecasting-exploration surveys has been completed. The analysis of geological, geophysical and aerospace materials had been finished, and a geological model of the minefield and geological exploration project have been developed according to these results.
“The presumed resources of the licensed area, which the company owns, may surpass 100 tons, or 3.2 million ounces. Further mine evaluation work will require an investment of 150 million rubles, - according to Vladimir Burynda, the director general of “FavoritCenter”. – We are ready to consider cooperation proposals from major geological survey and mining companies, interested in expanding their mineral resources base”.