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Canadian «Silver Bear Resources» intends to annually produce in Yakutia to 90 tons of silver

On July 21, as part of a working trip to the Republic of Sakha (Yakutia), Acting Robin Birchall, chairman of the Canadian company Silver Bear Resources, said that after the launch of the mine at the Vertikalnoye deposit in Kobyayskiy ulus in 2017, silver production should reach 90 thousand tons annually, the press service of the regional administration writes.

"This visit is connected with the evaluation of the project implementation at the Vertical field in Kobiai ulus, where work has been conducted for the eighth year already. The last two years we are engaged in the organization of a mining enterprise and shift camp, "- said Burchel.

CJSC Prognoz, which owns 2 subsoil use licenses (100% of Silver Bear Resources), is engaged in the development of the fields at the Endybalskaya Square in the Kobiai ulus of Yakutia. Since 2004, the Canadians have invested in geological exploration of about 2 billion rubles. The mineral base of the Vertical deposit is estimated by the industrial categories of 1 + X2 in 1 147,7 tons of silver with an average precious metal content of 660 g / t. Approved in TsNIGRI the predicted silver resources in the license area are about 7 thousand tons. Four objects of the Endybalskaya Square (Vertical, Lower-Endybalskoye, North-West and Mangazeya) are also estimated according to the international standard NI41-101.

The company continues to build a shift camp that includes a production base, residential complexes, an airstrip for receiving An-26 type aircraft, a helipad, core storage facilities and a laboratory.

A representative of the company's management also focused on regulatory issues. According to him, there are some restraining moments in this. “The problems are more likely not in the perfection of the legislation, but in the licensing procedure, which, in comparison with the western, in our opinion, is a bit outdated. But the system is changing, ”said Burchel.

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