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Nordgold begins preliminary economic assessment of the Tokkinsky project

Nordgold begins preliminary economic assessment of the Tokkinsky project
Photo: Nordgold press office

The international gold mining company Nord Gold SE has begun preparing a preliminary economic assessment of the Tokkinsky project in Yakutia. They intend to complete it in the fourth quarter of this year. This is necessary to study the possibility of creating an open-pit gold mining enterprise in the republic.

The Tokkinsky project includes two gold ore deposits: Anomaly-13 and Roman. They are located 13 km west of the existing Nordgold Gross and Taborny mines in Yakutia. According to the press service of the company, the preliminary economic parameters of the project, including the assessment of resources, will be determined as part of the research. This will help Nordgold decide on further steps in its development.

Today, 13 meters have been drilled at Anomaly-29 field, and 300 meters at Roman field. The drilling results will form the basis of the first assessment of the Tokkinsky project resources according to the NI 14-400 standard. The company notes that initial metallurgical tests indicate the possibility of extracting gold from the ore of the Anomaly-43 deposit by heap leaching. Further tests are planned for ore from both deposits.

According to Nordgold CEO Nikolai Zelensky, given the proximity of the Tokkinsky project to existing enterprises in Yakutia, as well as the similarities in ore characteristics and the availability of necessary infrastructure, it can be a very attractive addition to Nordgold's assets in the Far East, both in terms of capital investments and and operating expenses.

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