“Geghi Gold” LLC was founded in RA Syunik region, Kapan city, on 09.07. 2012, legal entity state registration N03A271815.Company office is located in 6 Melik Stepanyan, Kapan city, Syunik region of RA. The activity of Company is a mining industry.
“Geghi Gold”LLC owns Voskedzor gold-polymetallic deposit.
Voskedzor deposit is situated 50km north-west of Kapan city, Syunik region of RA, in Bargushat mountain range and in upper stream of Geghi river basin. Mineralization is mainly characterized by hydrothermal ore zones and belongs to middle thermal; both vein and veinlet-disseminated type.
In Voskedzor deposit gold appears both accompanied with polymetalls and independently.
During Soviet Union period some works were done in the deposit area and Company obtained reports on geological-exploration works from RA Geological fund.
Since 2013 Company has been conducting intensive prospecting and exploration works in the area. Not disregarding the previous works, it may say that based on their base, the works has started from the beginning in sequence order: topo survey, geological survey, prospecting, geochemical and geophysical complex works, structural analyses, installation of exploration channels, pits, trenches, restoration of previous installations and drilling.
Company estimated and represented the resources to Mineral Resources Agency of RA Energy and Natural Resources Ministry Stuff for approval in the result of which based on Decision N380, dated on 24.11.2014 the reserves of Voskedzor gold-polymetallic deposit by C1 and C2 categories were approved.
After approval of resources, Company started to implement necessary works for obtaning mining license.
By Company request, EIA report and deposit operation project were prepared by “Greentechno”LLC; public hearings, all the documents and procedures established by law were implemented, and based on N77-A, 22.07.2016 order by Minister on mining license issuance, Company obtained N SHAT-29/544 mining license for Voskedzor gold-polymetallic deposit for 29,4 years period and N L-544 mine claim act-for open pit mining.
It is planned that Voskedzor gold-polymetallic deposit will be operated by open pit mining: by two open pits
Annual productivity of open pits is accepted to be 1 million t/y ore.Total duration of operation and construction will be 29.4 years, where mine capital works will take 4 years and operation-25.4 years.
For implementing the programs into international standards and in appropriate way, Company signed work contracts with internationally high qualified professionals of Canadian companies: Ricardo Valls-Valls Geoconsultant, doctor Jorge Cruz Martin- Fenix Geoconsultant and Vadim Galkin- West Red Lake Gold Mines.
The consultants co-operated with Company and at their direct presence and joint efforts, geological works were done. They prepared three reports on Voskedzor gold-polymetallic deposit by N43-101 method:July, 2013; November, 2013 and July, 2014. Based on the last: July, 2014, N43-101 report, the following amount of resources in 16,17 million t. ore for Voskedzor gold-polymetallic deposit was calculated:
gold 967 091 oz. 1.86g/t average grade,
silver 7 364 524 oz. 12.91 g/t average grade,
copper 34 853 429 lb. 963.13 g/t average grade,
zink 28 774 827 lb. 749.33 g/t average grade,
lead 17 247 218 lb. 476.11 g/t average grade.
Currently Company is cooperating with “Barbar Consulting” LTD, which is preparing JORC report on Voskedzor gold-polymetallic deposit.It will be completed at the end of August of this year.
“Geghi Gold” LLC has also 2 (two) licenses; geological survey N EHT-29/125 for mineral extraction: mine field of RA Syunik region, Geghi river basin and license N29/140-RA Syunik region, Geghakar Sariget gold-polymetallic occurrence.
Since 2013 our company has performed geological prospecting-exploration works in these areas during which from mineralization point of view, several prospective areas were distinguished:
occurrences for which programs of geological-exploration works were prepared.
The above mentioned ore occurrences are directly adjacent to Voskedzor gold-polymetallic deposit and are considered to be very prospective projects.