EXPLORATION & DEVELOPMENT

Orsu finds more gold in Russia

Identifies a 1km-long "gold mineral cluster" in Russia

Staff reporter

This article is 8 years old. Images might not display.

Phase two works at Zone 23 and Adit 5 included a 1,200m trenching programme and four widely-spaced drill holes, with a highlight including 32.1m at 1.61g/t from 48.55m before the hole was stopped for technical reasons.

Exploration director Alexander Yakubchuk said the cluster structurally represented an offset from Sun Gold Mining's Klyuchevskoe gold deposit to the east.

He said the Zone 23 results broadly confirmed historical drilling and described the style of mineralisation as intrusion-hosted gold.

Orsu took 30% of Sergeevskoe in May and earlier this month struck a long-awaited deal to acquire a further 60% after selling its Kazakhstan project for less than expected.

It has been exploring at the project since November 2016 and said more drilling would continue this quarter.

Shares in the company closed up 10.4% yesterday to C$0.27 (US$0.21).

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

Investor Sentiment Insights 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.