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Property NewsJuly 5, 2001 Trans-Siberian Gold Ltd will fast-track developments at its Asacha gold deposit in Siberia with the aim of achieving first production by the second half of 2001.
The London-based gold miner has appointed Australian Mining Consultants Pty Ltd to conduct a feasibility study into the multi-faceted assignment and a start date has been set for the second half of this calendar year.
Asacha is located on the far eastern Siberian peninsula of Kamatcha. The area experiences 5-6 metres of snow a year, making access difficult during thawing periods.
March 31, 1999 It was reported that the project was suspended primarily due to the financial turmoil in Russia and the low gold price. Licence obligations were frozen for 2 years while TVX considers future plans for these properties. March 31, 1999 It was reported that the project was suspended primarily due to the financial turmoil in Russia and the low gold price. Licence obligations were frozen for 2 years while TVX considers future plans for these properties. |
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