Advanced exploration project
Uryakh is located in the Irkutsk region of Russia, 60 km from the Baikal-Amur Mainline railway.
The Uryakh gold licence lies in the ‘Lenskaya gold-bearing province’ of the northern Baikal mineralised belt. Uryakh is a prospect with sizeable, high-grade resource potential, and it has various types of mineralisation, including quartz veins, stratified black-shale strata, gold-bearing beresites and associated gold-mineralised stockworks. Significant potential exists within the gold-bearing quartz veins which are prevalent throughout the licence. A recent drilling programme has been focused on several high-grade quartz veins and contiguous gold mineralised zones, which returned positive results.
As at 31 December 2020, Uryakh’s resources amounted to measured and indicated mineral resources of approximately 1.93 Moz of gold and inferred mineral resources of approximately 0.29 Moz of gold.
2017 study of mining options considered a combined underground and open pit at Uryakh would be viable. Based on that assessment, a drilling programme was completed in 2017 that encountered additional gold intersections. In 2018, SRK completed a scoping study, following which the Company conducted exploration and infill drilling at the project in 2018-2019.
In 2021, Uryakh won an auction for the nearby Bakhtarnak deposit.
Nordgold intends to continue exploration programme at the Uryakh, Chelolek and Bakhtarnak licenses.