Orsu Metals signs bulk test agreement for Sergeevskoe

Mineral exploration and development firm Orsu Metals has signed a bulk test and pilot mining agreement for gold-mineralised material from its planned Sergeevskoe project in the Russian Federation’s Zabaykalsky Krai region.
Orsu Metals signs bulk test agreement for Sergeevskoe Orsu Metals signs bulk test agreement for Sergeevskoe Orsu Metals signs bulk test agreement for Sergeevskoe Orsu Metals signs bulk test agreement for Sergeevskoe Orsu Metals signs bulk test agreement for Sergeevskoe

Sergeevskoe project in the Russian Federation’s Zabaykalsky Krai region

Orsu Metals has reached an agreement with Russian producer Zapadnaya Gold Mining to use the latter's Alexandrovskoye mine and gold-processing plant, which is located immediately to the west from the Sergeevskoe license border.

Under the agreement, the parties will process a first trial batch of gold-mineralised material and will then finalise the commercial aspects of pilot mining and processing activities.

Orsu has completed a Russian technical study, which was approved by mining authorities, for extraction of 1,050,000 tonnes of mineralised material over three years from North and South open pits to a depth of 30-35 metres.

The Sergeevskoe licence covers an area of 7.6 square kilometres and is located approximately 40 kilometers to the southwest of the town of Mogocha.