Media

As a result of exploration activities, the Polymetallic Holding Group Seligdar (hereinafter referred to as the “Holding Group” or “Seligdar”) has received certificates confirming the discovery of two mineral deposits – Choulkovskoye and Khokhoy – in the Aldan District of the Republic of Sakha (Yakutia).

Exploration and evaluation work on both sites was carried out jointly with Rosgeologiya JSC.

At the Choulkovskaya subsoil area, 75 wells were drilled, totalling 8.4 thousand linear metres of core drilling, 40 trenches were excavated, and over 11 thousand sample analyses were performed. A pre-feasibility study was developed, and the expediency of conducting further exploration work was demonstrated. Balance gold reserves at the Choulkovskoye deposit in the C1+C2 categories amount to 3,767.6 kg of gold at an average grade of 1.77 g/t.

During geological operations at the Khokhoy ore field, 130 wells were drilled, totalling 4.0 thousand linear metres of core drilling, 20 trenches were excavated, and approximately 5.9 thousand sample analyses were carried out. A pre-feasibility study was also developed for this property, and the expediency of conducting further exploration work was demonstrated. Balance gold reserves at the Khokhoy deposit in the C1+C2 categories amount to 1,636.3 kg of gold at an average grade of 2.75 g/t.

Sergey Tatarinov, Chief Executive Officer of Seligdar PJSC:

“The successfully completed work gives the Holding Group a preferential right to obtain a subsoil use licence. Earlier, Seligdar’s specialists successfully completed a similar project at the Ryabchik deposit in the Aldan District of Yakutia. Such events are the result of our colleagues’ long‑term efforts aimed at building up the mineral reserve base.”