Golden League takes part in MINEX RUSSIA 2018

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Golden League takes part in MINEX RUSSIA 2018

Gold mining company Golden League has taken part in MINEX Russia 2018: Building Up Innovative Excellence in Mining and Exploration. The first project accelerator competition took place on 3 October 2018 at MineVenture, during which projects of the Noni and Bolotistoe deposits were presented. This business accelerator competition offered an opportunity to present developing projects to a group of investors and banks that are interested in supporting new objects of subsoil use.

The presentation on the Noni deposit included updates on the main achievements and results of the geological exploration, including trends showing a significant increase in resources and reserves under the JORC code over the past four years, as well as the main criteria regarding the project for the Noni mining and processing plant (the deposit is expected to have a gold production capacity of 650 kg/year). An insight was also given into the potential expansion of the Noni deposit's mineral resource base, and into the Gujal ore-promising area.

The presentation on the Bolotistoe deposit included an update on the main achievements seen from the geological exploration, the dynamics of growth of reserves and author's estimate of resources, the main volumes and areas in which work has been carried out in the current year and the anticipated results – i.e. the protection of gold reserves in the State Commission on reserves in 2019, in the amount of 13 tons. The high potential for growth in the deposit's reserves and resources, as well as positive data regarding technological research, were also highlighted.

During the exhibition, negotiations were held with companies including GeoSolutions, OGK Group, RJC-Group, NovaNet, Anakon Group, Kinross, Seequent, JSC Polymetal and SGS Group.

About Golden League 

Golden League – is a dynamically developing company specialising in gold mining. Today it has license to develop two gold deposits in Khabarovsk Territory.