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15 May 2020
RUSBURMASH Launched Second Stage of Geological Exploration of Ukonik Deposit (Trans-Baikal Territory)
RUSBURMASH, JSC (specialized company of ARMZ Uranium Holding Co. for geological exploration and drilling) has launched the second stage of geological exploration at the Ukonik deposit in the Trans-Baikal Territory.
Work is carried out under an agreement with Vostokgeologiya, LLC. The specialized company of ARMZ Uranium Holding Co. is conducting geological exploration, including prospecting and appraisal of new ore bodies, on the flanks of Ukonik gold ore deposit. Based on the work results, the ore body boundaries and the precious metal content will be determined, and the ores and ore-bearing rocks will be described. «At the first stage, we performed drilling of 1,730 linear meters, the second stage involves 6,166 linear meters. During the drilling, samples of underlying rocks (core) are taken and sent for research. Given the difficult mining and geological environment, the method of diamond drilling with wireline core barrels is used. The first stage showed that the work is carried out with high productivity and minimal operational downtime,» said Gleb Nosyrev, Deputy Director General for the Development, RUSBURMASH, JSC.
The launch of the Ukonik deposit in the Mogochinsky district of the Trans-Baikal Territory is one of the components in a large investment project involving the construction of mining and processing works with an underground gold ore mining and a gold ore processing plant.
It should be noted that RUSBURMASH, JSC is actively developing cooperation with external customers. In 2019, the specialized company quadrupled its external revenue; in 2020, the goal is to double external revenue in comparison to 2019. In particular, drilling operations are carried out at the sites of Udokan MMC and Krasnokamensk Hydrometallurgical Plant, in the underground workings of the Gremyachinsky Mining and Processing Plant, and at other facilities.
