The project for the construction of the joint-stock company "Prognoz" received a positive conclusion from the Glavgosexpertiza of Russia.

The project for the construction of a mining complex at the deposit base VERTICAL (Mining and Transportation) of the joint-stock company Prognoz received a positive conclusion from the Glavgosexpertiza of Russia.

Experts, having studied the materials submitted by JSC Prognoz, came to the conclusion that the design documentation and the results of engineering surveys comply with the requirements of technical regulations and other requirements established by the Law of the Russian Federation, and the design documentation - the results of engineering surveys performed for its preparation.

Vertical deposit is one of the key assets of the company "Prognoz", a license for the extraction of silver for which was formalized through the procedure for establishing the discovery of the field in 2013. This deposit was studied and explored by specialists of the company itself. The area of the site Vertical is 13.5 square kilometers, located in the Kobyai Municipal District of the Republic of Sakha (Yakutia) 440 km north of the city of Yakutsk, a regional center with a population of 370,000. The location of the deposit can be reached by the winter road "Sebyan" in the cold months and in the summer by air.

Valuation of the mineral resources of the Vertical deposit includes reserves of category C1 + C2 of silver, copper, lead and zinc. Inventories of silver categories C1 and C2 according to Russian standards are 1 147 tons (633 g / t), which is one of the highest indicators of silver content per ton of ore and is a key indicator of the investment attractiveness of the mining project.

Today the Vertical deposit is ready for development and the first stage is planned to open-pit and process oxidized ore on site. At present, the design of the mining and processing complex is being completed.

 

Additional Information

The company is responsible for the environmental situation in the work area and conducts internal monitoring of the environment in accordance with the requirements of Russian legislation and international practice standards. In 2016, public hearings were held on the implementation of the project for the construction of a mining and processing complex on the basis of the Vertical field and the environmental impact assessment (EIA) in the village. Sebyan-Kuelle Lamynhinsky heritage with positive recommendations.

In March 2017, an environmental assessment of the project for the construction of a mining complex on the basis of the Vertical deposit was completed with a positive conclusion.

 

In December 2017, the company "Forecast" received a positive opinion of the Ethnological Examination of the ongoing silver mining project based on the "Vertical" field.

JSC "Forecast" fruitfully interacts with the administrations of the Kobiai ulus and Lamynkhi heritage on two agreements on social and economic cooperation with these municipalities. In August 2016, the Government of the Republic of Sakha (Yakutia) and JSC Prognoz signed an agreement on social and economic cooperation.