The Elbrusmetall company plans to develop the B.K. Mikhailov gold deposit located in the mountains near the city of Tyrnyauz (Kabardino-Balkarian Republic), the press service of the Rostec state corporation reported.
The company received a license for the deposit in 2023. The feasibility study is expected to be finished by the end of next year.
In 2021, Rosgeologia JSC put the gold ore reserves of the B.K. Mikhailov deposit on the state balance. According to the holding, it contains 87,719 kg of gold (C1+C2 categories).
The head of Rosgeologia Sergey Gorkov said that a processing plant could be built at the deposit with an annual capacity of up to 3.6 million tons of ore.
Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished
