Verkhne Aliinskoye

Verkhne Aliinskoye is a high grade vein deposit in the north of the Chita region. The Verkhne Aliinskoye deposit is situated 30km west of the town of Baley, a well-known historical gold mining centre. It is a high-grade, narrow vein deposit potentially suitable for underground mining.

 The deposit is hosted within a monzonite intrusion and comprises a large number of quartz-sulphide veins with a strike length of up to several hundred metres. Through exploration and comprehensive technical work, Verkhne Aliinskoye has been developed to an advanced pre-production stage with total JORC resources of 0.74Moz of gold at 6.25g/t including 0.27Moz in the Measured and Indicated categories. The deposit is underexplored, with many of the veins open both along strike and down dip.

 The mineralisation at Verkhne Aliinskoye varies in composition between refractory and non-refractory, with the majority being non-refractory and amenable to cyanide recovery from flotation concentrate. The Group is considering two development options: the treatment of the concentrate at the future Pokrovskiy POX hub or the on-site processing of the flotation concentrates.

 Verkhne Aliinskoye is at an advanced stage in the permitting process and management is working on an optimal mine plan for the asset.