Announcement

Collapse
No announcement yet.

Gold and Silver Reserves Discovered Near Vanadzor

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Gold and Silver Reserves Discovered Near Vanadzor

    GOLD AND SILVER RESERVES DISCOVERED NEAR VANADZOR

    YEREVAN, AUGUST 1, NOYAN TAPAN. The Vallex Mining company is conducting
    a geological survey in the Margahovit ore field near the city of
    Vanadzor, where, according to preliminary information, there are
    gold and silver reserves. NT correspondent was informed about it
    from Artyom Sargsian, deputy head of the geological survey service
    of Institute of Mining CJSC. In his words, the survey is being done
    in four villages. Particularly, the reserves in the Tandzut flux mine
    (NT: flux is a raw material used in metallurgy) anount to 335 thousand
    tons, with a ton containg 1.25 grams of gold and 9.4 grams of silver.

    This information will be submitted soon to the State Commission on
    Reserve Approval. A. Sargsian said that in addition to Vallex Mining,
    other companies of the Vallex Group such as Armenian Copper Program
    CJSC, Base Metals Ltd and Mining Metallurgy are also involved in the
    geological survey and prospecting work in various Armenian marzes
    and the NKR. It was noted that Lori marz is the richest one in
    metal reserves, with the Teghut copper and molybdenum mine being a
    big survey object. It is the second largest one in Armenia after the
    Kajaran mone by its reserves. As of 1991, the Teghut mine's confirmed
    reserves made about 450 mln tons of ore (the average contents of
    copper and molybdenum in a ton make 0.34% and 0.02% respectively). A
    prospecting work is now being done once again at the mine. According to
    A. Sargsian, surveys are also being conducted in the Hankadzor copper
    ore field, in some groups of the Martsiget gold-copper polymetal mines
    and the Dzaghodzor gold-polymetal mine of Lori marz. Some preliminary
    operation is envisaged here in the near future.
Working...
X