Russian Mining Company PrognozDV Sells All Shares, Gold Resources 5.15 Tons
2026-06-30 15:06
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en.Wedoany.com Reported - Russian mining company Prognoz DV LLC released information on June 30, 2026, offering an opportunity to acquire 100% of the company's shares. The company holds a license (BLG 026128 BP, issued on July 29, 2024) that permits geological research, including mineral prospecting and evaluation, in the "Prognozny" block of the Bureya District, Amur Region. The usage rights for the block expire on July 29, 2029. The block covers an area of 33.4 square kilometers and is currently in a geological reserve status, with primary minerals being rock gold and rock silver.

The nearest settlement is the town of Talakan, with a population of 3,500, located 30 kilometers from the block. There is a 5-kilometer dirt road from the public asphalt road to the block, and the company reports that the road is in good condition.

Currently, the geological exploration project has received a positive expert review. Geophysical work has been carried out, and 16 core drilling wells have been completed on 8 survey lines, with a total footage of 1,635 meters and an average well depth of 102.2 meters. Core samples were taken from all wells and analyzed using quantitative fire assay-atomic absorption methods, revealing that 14 out of 16 wells contain mineralization.

The exposed gold-silver mineralization has a vertical extent of 65-120 meters. The mineralization points are of a low-sulfide quartz-vein type. The main beneficial minerals in the ore are native gold, with minor amounts of native silver and acanthite. Gold particle sizes range from 2-5 micrometers in limonite inclusions to 50 micrometers in intergrowths and free forms. The gold composition is close to electrum, with a silver content of 22.2-27.44%.

The block's resource potential (P1+P2) is estimated at 8.2 million tons of semi-oxidized gold-silver ore, with an average gold grade of 0.62 grams per ton, at depths of up to 120 meters from the surface. The total underground gold reserves are estimated at 5.15 tons.

It is disclosed that further work is required to increase the block's resources and the grade of useful minerals.

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