Thursday, 25th November 2004 (2906 views)

Crew Gold Corporation has announced that it has signed a deal with a Russian state-owned mining company to acquire and develop precious metals projects.

The deal will see the firm work in projects and deposits in eastern Russia through a joint venture company.

Particular areas of interest are projects in the Republic of Yakutia, where gold mining is the second most important industrial sector.

The area is one of the biggest suppliers of gold in Russia and transportation and communication has recently improved near prospective sites.

In addition, gold districts border the area including the Natalskinskoye and Julietta mines, the Kupol and Kubaka mines and the Pokrovsky and Tokur mines.

A number of new gold deposits are continuously being discovered in the area.

 

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