Exploration and development priorities

The Company considers there to be good exploration potential, both in the areas surrounding the Asacha Gold Mine and in the South Kamchatka area generally.

The low sulfidation epithermal style of mineralisation found at the Asacha Gold Mine is favourable for high-grade deposits. The Asacha licence area and more widely, the regional district, remain under-explored which the Company believes presents an opportunity to increase gold resources.

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2020 Exploration Priorities

Main Zone Asacha East Zone Asacha Rodnikova Other
  • Drilling
  • North Extension
  • South Extension Deep
  • Vein 18
  • Vein K2
  • V25N & V25 infill drilling
  • Resource base verification
  • Pre-mining technical studies
  • JORC Mineral Resource publication
  • Exploration drilling
  • Internal Scoping Study
  • Selected M&A opportunities
  • Judicious investments or JVs
  • Total of 25,000 m planned for the 2019-2020 drill campaign over the Asacha licence area
  • Capital expenditure of up to $7.9 million allocated for development and exploration in 2020
  • Senior consultant with significant experience of epithermal vein deposits retained to oversee the new in-country exploration team & work programme

The Company has ramped up the scope and scale of its exploration activities. A recent data compilation and new geological interpretation produced 6 high priority targets.

Drilling assay results on Vein 25 longitudinal

Drilling assay results on Vein 25 longitudinal

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