by Lady Michelle-Jennifer Santos, Founder & Publisher
February 21, 2013 (TSR) – Russian Geologists discovered on Wednesday a major new gold mining object, Rudnaya Mountain, on Lebediny ore deposit in Russia’s Siberian republic of Yakuti.
The Gora Rudnaya in the republic’s Aldansky ulus District deposit may hold about 200 metric tons of gold, according to the statement.
The find is in the Lebedinoye ore field, well known for its gold production. It came during a three year search for new gold bearing rocks conducted by regional geological company Yakutskgeologia backed by Russian federal money.
The area was seen as ‘underexplored’ but now the new find, announced by First Deputy Chairman of the Republican State Geological Committee Vitaly Kalashnikov, has been described as ‘very promising’.
The potential new gold field will now be assessed by the Russian State Subsoil Agency (Rosnedra).
The deposit has already been registered with the Federal Agency for Subsoil Usage. It will be auctioned shortly after its value is determined.
The body’s Yakutsk office Yakutnedra will hold a tender for the assessment activities.
Assessment of the reserves is expected to take three years after which a tender will be held for the license to exploit the reserves.
Gold output in Sakha is on the increase, showing a 9.6% rise in 2012.
Yakut users of mineral resources increased gold output in January – June, 2012 by 8.97% in comparison with last year’s same period – up to 6.121 tonnes.
Gold-ore totals come to 3.754 tonnes (increase by 1.9%) and stream gold totals – to 2.367 tonnes (increase by 24.71%).
Geologists say that the year of 2012 was unique and exceptional in terms of geologic prospecting and a lot of discovered and certified deposits, accreted reserves of gold, silver, diamonds, oil and gas.
First Deputy Chairman of State Geology Committee of Yakutia Vitaly Kalashnikov told in an interview to Gazeta Yakutia, that currently the following institutions are engaged in geologic exploration within the region: Yakutskgeologiya unitary enterprise, OJSC Yangeologiya, expeditions of AK ALROSA – Amakinskaya, Botuobinskaya, Arcticheskaya and Mirninskaya, as well as geologic divisions of OJSC Almazy Anabara.
“I am sure that prospecting and exploration will be continued in the republic, and I wish these works to intensify, as the territory of Yakutia remains a frontier region of Russia,” Kalashnikov added.
Exploration works have been carried out in the area since 2010. The deposit will be put up for an auction in 2016, after all the calculations are completed.
Almost the entire territory of Yakutia is situated in the permafrost area. 72% of the republic’s territory is covered by taiga, the rest – by forest-tundra, tundra, and the Arctic desert. Forests cover 47% of the territory, making up 11% of all-Russia reserves.
Yakutia has preserved many places of pristine nature. This unparalleled environment is home for rare animal and bird species.
There are over 700 thousand rivers, which exceed 10 km, flowing in the republic, with 314 of them being over 100 km long. The Kolyma, Indigirka and the Lena River’s major tributaries – Olyokma, Aldan and Vilyui – surpass almost all the European rivers, including the Rhine and Elba, by their length and water volume.
The Lena River, the republic’s major waterway, is among the ten greatest rivers of the world. There are over 800 thousand lakes with water surface exceeding 1 ha each. The waters are abundant in rich fish resources – over 90 species.
The Sakha Republic (Yakutia) ranks first in the Russian Federation by total reserves of natural resources. Its raw material potential is estimated at RUR 78.4 trillion (USD$2.57 trillion).