Krasnyi project’s development from greenfield to the current stage of preliminary feasibility study between 2010 and 2019 demonstrates availability of gold and commercial production opportunities in the licensed areas.
Malyi Patom exploration results strongly suggest the existence of gold ore body within the licensed areas and confirm the company’s approach to prospecting.
The company has been conducting exploration work on Krasnyi project since 2010.
Since 2014, the project has been developed in partnership with Vysochaishy PJSC holding 51%, Kopy Goldfields’ share is 49%.
The project combines three licenses with a total area of 117 km2 and includes Krasnoye deposit and Vostochnoye occurrence with an estimate of mineral resources and ore reserves.
The project combines seven licenses with a total area of 1,940 km2. Total R3 resources — 3.1 million ounces.
Exploration has been underway since 2012. The operations discovered areas with high gold grade of more than 1 g/t.