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OJSC «Seligdar»

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Holding news

23 october 2009

“Seligdar” OJSC
At the opencast sites Samolazovsky and Mezhskopochny, mining activities are in progress according to the approved gold production schedule for 2009. As of today, taking into account the incoming residual from 2008, 1036 thousand tons of ore has been transported from the site, which is 120% of the plan target for the year.

23 october 2009

“Seligdar Gold” OJSC
Mining activities are in progress according to the approved gold extraction schedule for 2009 at the opencast of Nadezhda site, 1026 tons of ore have been delivered to the ore stockpile taking into account the residues from 2008.

23 october 2009

“Ryabinovoye” LLC
"RJC consulting" LLC continues development of the technical justification for the exploration standards for reassessment of the available resources at the site. Modular models of the deposit with different boundary values have been developed.

23 october 2009

“Lunnoye” CJSC
In September, drilling activities were carried out within Fedorovskaya zone (eastern part) and Zvezdnaya zone (western flank). 1657 line meters have been drilled, 19 drillholes have been documented; total amount of accomplished trenching operations is 9120 m3. Results of analysis of 376 uranium samples were obtained.

23 october 2009

“Poisk placer miner guild” LLC
Field geological surveys are suspended. No core drilling or trenching was performed.

23 october 2009

“Orenburg Mining Company” (OGK) LLC
At Bazoviy site – the primary site for production test – infill core drilling of 100-230 meter deep angle core holes is continued with the density of 50x10-20 meters. Total of 301 line meters were drilled in September. Total amount of trenching operations was 877 cubic meters.

23 october 2009

“Euroart” LLC
Field operations are continued at Anikhovskaya area, including prospecting traverses and trenching. Total of 2052 cubic meters of trenches were dug in September.

23 october 2009

“Sinida-1” Placer Miner Guild” LLC
Gold extraction at the placer mine was continued. Total of 38.5 thousand cubic meters of sand were sluiced. At the end of September, mining operations were terminated due to beginning of cold season and will be resumed in May 2010.