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Mineral potential of Russian Far East – unique opportunities for junior exploration companies (PDAC Convention 2010)

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Presentation on theme: "Mineral potential of Russian Far East – unique opportunities for junior exploration companies (PDAC Convention 2010)"— Presentation transcript:

1 Mineral potential of Russian Far East – unique opportunities for junior exploration companies (PDAC Convention 2010)

2 Exploration potential of Russian Far East in general and the Magadan region in particular; Current legislation and the way forward to establish operations in Russia; Experience of foreign junior exploration companies in the Russian Far East.

3 Through an initiative of Magadan Provincial Government, Northern Mines Ltd is proud to present the unique exploration potential of the Kolyma Region. For many years the Kolyma Region has been the leading gold producing area in Russia and one of the leading gold producers in the world. The majority of gold extracted was from alluvial deposits while the mineral potential related to gold hardrock mineralization has remained mainly untapped despite several world class deposits having been discovered. Apart from Kolyma there is huge exploration potential in other regions of the Russian Far East. New projects are awaiting in Chukotka, Khabarovsk and Primorskiy regions. A number of leading exploration and mining companies realized the potential of the Russian Far East prior to the end of the Russian soviet era. This presentation is aimed at junior exploration companies experienced in the opening up of new frontiers and focused on large discoveries.

4 During the presentation, the following topics will be discussed: Exploration potential of Russian Far East in general and the Magadan region in particular. Current legislation and the way forward to establish operations in Russia. Experience of foreign junior exploration companies in the Russian Far East. Information sources. The most important issue is that this presentation will give you the opportunity to meet Russian companies operating in the region, to have face to face discussions with representatives of local government and gain a better understanding of the business potential in the Russian Far East. All interested parties are kindly invited to attend the presentation to be held on Tuesday, 9 th of March 2010, Presentation Room # 717B, Metro Toronto Convention Center, South Building, from 9.00 a.m. to 12.00 p.m.

5 9.00 – 09.10 Welcome ( Principal geologist of SRK Mr. Alexander Mikhailov); 9.10 -09.40 Opening Speech: Opportunities for junior exploration companies at the territory of the Russian Far East (First Deputy Governor of the Magadan Region Dr. Nikolay Karpenko); 09.40 -10.10 Exploration potential of the Russian Far East in general and the Magadan Region in particular (Director of SVKNII Institute Dr. Nikolay Goryachev); 10.10 – 10.40 Experience of foreign junior exploration companies in the Russian Far East (Chief Executive Officer of Ovoca Gold Plc Mr. Tim McCutcheon); 10.40 – 11.00 Experience of establishment of joint ventures by way of example of Juliette deposit (General Director of Dukat Geological and Mining Company Mr. Yuri Radchenko); 11.00 -11.20 The New Birth of Juliette deposit (General Director of Northern Mines Ltd Dr. Andrey Rashin); 11.20 – 12.00 questions period

6 Mr. Nikolay Karpenko, First Deputy Governor of the Magadan Region, was born in 1949. Since 1977 his professional activity has been related to the Magadan Region. Mr. Karpenko has a huge experience in administrative work. In 1993 he was appointed as Administration Head of the Magadan Region. In 1997 and in 2001 he was elected as Government Executive of Magadan. From July 2004 to June 2005 Mr. Nikolay Karpenko hold executive posts in Federal Executive Authority. From July 2005 he works as First Deputy Governor of the Magadan Region. Mr. Karpenko graduated from Novocherkassk Polytechnical Institute with degree in industrial and civil construction. In 1995 graduated from Russian Academy of Public Administration under the President of the Russian Federation with degree in economics and management. He is PhD. in Economics, author of more than 20 scientific works and publications. In the position of First Deputy Governor of the Magadan Region Mr. Nikolay Karpenko is in charge of directions development and priorities in industrial, scientific and technical areas, external economic activity, enterprise and small business, antitrust policy and competition development, state business regulation, including state regulation of tariffs for electric and thermal energy, custom services regulation, government statistics, innovations. The wide range of issues includes matters of one of the main area of Dr. Karpenkos expertise: subsurface usage, mineral resources protection, protection of environment, mining, usage and replacement of the mineral raw material base, license and investment policy, dispose of state subsoil fund (within authority of the Magadan Region). Dr. Nikolay Karpenko is Chairman of Board of Directors of Kolymsky gold and silver refinery OJSC. Organization of region purpose-oriented programs, economic and social development and investment projects are also controlled by Nikolay Karpenko. Dr. Nikolay Karpenko is awarded an Order of Peter the First and other government decorations.

7 . Mr. Andrey Rashin was born in 1968, Master in Laws. At the present time holds a position of General Director of Northern Mines Ltd. It is a Russian management company of Northern Gold Mines Ltd Holding, which consolidates a few Far East companies, specialized in gold and silver mining, research, exploration and other mineral resources mining. The principal Holdings asset is Juliette deposit, where now the active gold extraction is carried out, besides, there are exploration operations in other properties, located in the territory of Magadan and Primorsky regions.

8 Mr. Yuriy Radchenko was born in Almaty in 1952, Kazakhstan and graduated as a geologist from the Kazakhstan Polytechnical Institute. From 1975 Mr. Radchenko worked with the Dukat Exploration Expedition, starting on the Dukat gold-silver deposit and in 1991 was appointed head of the Dukatsky Exploration Expedition where he was involved in prospecting, exploration and assessment of the Julietta deposit and many other exploration programmes. In 1994 Mr. Radchenko assisted in the foundation of and management of the OAO Dukatsky Mining Geological Company which completed the exploration of the Julietta deposit and undertook other exploration activities in the Magadan Oblast including a programme to study and develop the copper porphyry deposits in north east Russia. In 1995 Mr. Radchenko founded the joint venture Omsukchansky Mining Geological Company with Arian Resources Limited, a company, subsequently acquired by Bema Gold Corporation, which developed the Julietta gold mine. In July 1998 Mr. Radchenko was awarded the 'Order of Honour' by the President of the Russian Federation for his contribution in the development of the mineral law of the Magadan Oblast and also was awarded the Diploma of 'Mineral Deposit Discoverer' of the Lunnoe gold and silver deposit. One of the most important project starting in 2007 where Dukat Geologial and Mining Company takes part it is development of Goltsovoye deposit. Ore mining and processing enterprise is planning to be constructed with production is about 260,000 tons of ore per year or 180 tons of silver, that is equal to 3 tons of gold. Silver contain in Omsukchan ore is higher than in famouse mines of South America.

9 Mr. Alex Mikhailov – Principal geologist of SRK Exploration Services has more than 20 years professional experience as an exploration Geologist in Russia and in numerous locations around the world. His main area of expertise is regional grass-roots mineral exploration. Alexs key skill is the ability to assimilate and integrate different sources of information into remote sensing, GIS and databases for exploration, environmental and water resource studies. His extensive expertise in the field of GIS and remote sensing have also allowed him to expand his area of expertise to disaster relief planning and the creation of promotional databases. Recently Alex has played a critical part in developing important business links in the Former Soviet Union. Alex holds a Masters degree from the Moscow Institute of Mineral Exploration.

10 Corresponding member of Russian Academy of Science, Professor N.A.Goryachev completed his Ph.D. thesis in 1985 and his Doctor Science thesis in 2000. Since 1985 he has been working in the North Eastern Interdisciplinary Scientific Research Institute Far East Branch Russian Academy of Sciences, Magadan, occupying currently a position of Director. Hi is head of geological department of North-East State University in Magadan. His principal experience is geology of gold lode geposits, metallogeny of gold, relationship between granitoid magmatism and gold deposits. Publications include more than 100 papers both in Russian and International Journals and Monographs. Field experience is related to researches in North East Russia, Ural, Altay, Transbaikalia, Far East Russia, Alaska (USA), Yukon (Canada), Finland. He is participate of several grants of the Russian Foundation of Basic Research and Far East Branch of RAS and was co-leader long-term international project Tectonics and Metallogenesis Russian Far East, Alaska, western Canada (Russia, USA, Canada). He is member of SGA, GSA and SEG. Nikolay Goryachev was SEG Regional Vice-President Lecturer 2007. Hi is Regional SEG Vice President on Northern Eurasia in 2009-2011.


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