Nordgold discovers new gold deposit at Neryungri mine
London, United Kingdom, 18 June 2018 — Nord Gold SE (Nordgold or the Company, Group), the internationally diversified gold producer, is pleased to announce that a Deposit Discovery Certificate has been issued on the Vysokoe deposit at its Neryungri mine in Yakutia, Russia. The certificate, issued by the the Federal Subsoil Resources Management Agency (Rosnedra), represents a significant step in Nordgold’s development strategy, focused on maintaining and extending the life of mine of its assets.
The Vysokoe gold deposit is located some 2km from the main Tabornoe pit. The deposit is contained within a compact area of about 3.6 km2. Total gold resources are confirmed at almost 70 koz, with 1.3 g/t, and a further 80 koz with 0.7 g/t. Its oxide ore is easily recoverable and is compatible with the existing crushing and heap leach processing chain at the Neryungri operation. The Vysokoe deposit was first discovered in 2006. It has taken five years of exploration work with some 17km drilled until the official approval was granted.
This discovery has come as a result of the major work the geology team at Neryungri has done in recent years at two satellite deposits: Temnii in 2016 and Vysokoe in 2018, and located near the main gold deposit Tabornoe. This discovery forms an important part of the implementation of Nordgold’s production plan and is consistent with the Company’s strategy of investing in extending the life of mine at our existing portfolio of assets, as well as developing new, high quality projects. Natalia ChvarovaMineral Resources Director at Neryungri
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