Prospective locations

Resources and expected volumes of production of gold are different for each part of the CAO. Most of resources are located within the boundaries of the Chukotka’s Metallogenic System (north of Chukotka), which has been well geologically explored. Here major resources and expected resources of placer gold are located, many lode deposits (such as the Maiskoe, the Karalveem) are discovered and thoroughly studied, and gold-quartz and gold-sulphide formation types are most likely to occur.

Second biggest metallogenic system is the Oloisk metallogenic system, characterized by high placerity of gold and gold-quartz-sulphide and molybdenum-copper gold-containing formation.
Within the boundaries of the Okhot-Chukotka metallogenic belt (south-east part of the territory) there prevail gold-silver formation type deposits (Kupol, Dvoinoe, etc.).
Koryat-Kamchatka Province (south-east of the Okrug) has been least studied and is viewed as prospective for finding complex deposits of gold-containing molybdum-copper and copper formations as well as lode and placer platinum deposits. Prospects of further development and exploration of gold mineral raw stuffs basis of the district are connected with expansion of search within the boundaries of poorly-explored areas of the Okhot-Chukotka metallogenic belt. A series of gold-silver deposits with rich ores (“the Kupol”, the Arykevaamskoe, the Televeemskoe, etc.) has been recently found in that metallogenic system. Here small and medium gold-silver deposits may be found with ores rich in precious metals within the bounds and near the existing ore deposits such as Maiskoe, Valunistoe, Kupol as well as over prospective areas of the Upper-Yablonsk and Kanchalan-Amguemsk metallogenic zones. To solve these problems, they are going to expand geological exploration works to ore and placer gold by using the budget, company’s cash assets, and investment, and to create favorable conditions for investments in prospective ore deposits interesting to both Russian and foreign companies.

In 2006 auctions are being organized to sell 6 prospective gold ore deposits of central and west Chukotka and as a result Russian and foreign capital investment will be attracted for geologic exploration and gold-mining at the objects, the exploration of which will secure long-term stability of gold and silver mining. Moreover, within the next 3 years there will be held auctions with the aim of selling another 40 placer gold deposits.

Anadyr

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COMMENTS

The program of economic development in Chukotka can be carried out, considers vice-premier of government CHAO M. Sobolev.

First of all, the long-term program leans on resources of peninsula. Let’s begin that geological resources of Chukotka are explored today on 10 %-17 %. The next regions are explored much better. And even on these, tentative estimations resources here can be found. The proved resources of gas on the Priosernoe deposit - 7,3 billion cubic meters. Oil resources are estimated approximately in 10 million tons, the proved stocks make 4 million tons of them. They are dispersed on small Fields, such, as Hatirskoe, where extraction is conducted by "Sibneft" company. But it is not necessary to dismiss a shelf – it’s insufficiently studied yet, but there are data, that it’s resources can make up to 14 billion tons of conditional fuel. Exxon Mobile Company in similar ice conditions, in Baffin bay has constructed 7 platforms. What prevents to construct them here?
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Reindeer breeding can be profitable: E. Marochkin acting on the head of agriculture and foodstuffs department makes comments.

There was a moratorium on an industrial slaughter of deers in district till 2006. But now it is removed, farms have allocated a contingent for commodity slaughter this year. It is planned to hand over in a trading network about 9 thousand deers this year. Within the limits of national project the agrarian and industrial complex have got slaughter area on terms of financial leasing which is assembled in Kanchalan. Basically its value is in that correctly cut production will receive a trade look and will answer all established norms. The livestock of deers for September, 1st - from above 183 thousand. It’s below the level of 1990 (490 thousand heads), nevertheless, in Chukotka a livestock grows on faster rates, than on Yamal, and it’s our main competitor. Potential market - not only Vladivostok, but also Japan, Korea, China. Reindeer breeding is, at least, preservation of a traditional way of life of native people and food safety of region and when sales volumes become great enough, branch can turn in profitable.
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