Mangazeya Mining Company (part of Mangazeya Group of Companies) and Highland Gold signed a term sheet for the purchase of a license to develop the Taseyevsky gold deposit, which previously belonged to LLC Taseyevskoye, a subsidiary of Highland Gold.
Under the terms of the deal, the Mangazeya Group will also receive a license for geological exploration of the sands of the ZIF-2 tailings dump – the former Baley gold recovery factory.
The Taseyevskoye field, located near the town of Baley in the Trans-Baikal Territory, is one of the largest in the region. According to the data of the Federal Budgetary Institution "GKZ", the reserves of the deposit are estimated at 105 tons of gold.
"Transbaikalia is a very important region for me personally, one of the main assets of our business is concentrated here - the Mangazeya Mining company. Now its perimeter will include one of the key and largest deposits of the region, whose reserves are estimated at more than 100 tons of gold. The implementation of the project will have a positive socio-economic effect: more than 3.500 jobs will be created in Transbaikalia at our enterprises and in related fields, and gold production in the region will grow by 30%," said Sergey Yanchukov, founder and owner of Mangazeya Group of Companies. "The Taseyevskoye field cannot be called simple: after the transaction is concluded, we will face a number of tasks related to the further study of the hydrogeological situation around the sites, the development of solutions for the drainage of the quarry, as well as the choice of the optimal technology for ore enrichment and hydrometallurgical processing. But the asset is definitely promising both for our company and for the region."
Alex Shishlo for Rough&Polished
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