Irkutsk project deposits are located in the Bodaibo Area — the Irkutsk Region’s gold mining industry center. The Company holds 12 licenses for the subsurface plots located within the major hardrock-alluvial clusters of this region: Kuduli-Khomolkho, Sukholozhsky, Marakan-Tunguss and Bodaibo.
Stage: Production Geological resources: 2.03 Moz Processing (kt p.a.): 5 Mt p.a. Gold production in 2018: 137 koz
The Golets Vysochaishy gold deposit is located 175 km from Bodaibo. The Vysochaishy Mine includes three processing mills, a fire assay laboratory, an open pit mining site, a placer gold mining site, and a mine camp. The deposit development is carried out with two open pits — the Western and the Eastern.
Balance ores with a gold grade >1.9 g/t are delivered to Mill 2, balance ores with a gold grade ranging from 1.0 to 1.9 g/t — to Mill 3, and off-balance ores — to the off-balance ore stockpile.
The total processing capacity of the Vysochaishy Mine’s mills is c. 4.5m t p.a. Mill 2 applies the gravity and flotation processing scheme with the flotation concentrate cyanidation. Mill 3 applies the gravity processing with treatment of the gravity concentrate in the Mill 2 cyanidation department.
The Ykanskoye gold deposit is located 130 km from Bodaibo. The deposit development uses the open pit method.
Balance ores with a gold grade >1.0 g/t are delivered to Mill 4, off-balance ores — to the off-balance ore stockpile.
Stage: Production, Construction Geological resources: 1.58 Moz Processing (kt p.a.): 2 600 kt p.a. Gold production in 2018: 56.8 koz
Ugakhan is a development project of the Company in the Irkutsk Region. The deposit is located in the Bodaibo Area of the Irkutsk Region, 25 km west of the Golets Vysochaishy deposit.
The Ugakhan deposit has an extensive mineral resource base, which, together with the shallow bedding of the ore body and favourable physical and chemical properties of the ore, substantially offsets the low average grade (1.07 g/t). In accordance with the updated JORC-compliant statement, the Proved and Probable reserves are estimated at 824k oz of gold and the Measured, Indicated and Inferred resources — at 1,376 koz of gold. In the reference period, since the processing plant start-up date, the mine produced 14.8k oz of gold.
The Company expects that in 2018, the Ugakhan Mine will attain its designed ore processing capacity of more than 2.6 Mt.
Krasny deposit is located in the Bodaibo Area of the Irkutsk Region, 75 km of Bodaibo. The Krasny project represents a joint venture of GV Gold (Vysochaishy, PJSC) (equity stake 51%) and Kopy Goldfields AG (equity stake 49%).