July 23, 1999
Nevada Manhattan Group has approved the acquisition of a 51% interest in licenses for the exclusive right to extract gold and silver from the Primorskoye and Salut gold/silver deposits in the Ternei District of Primorski Krai, Far East Russia through November, 2019, for $15 million. According to Dr. Donald Hausen, a Salt Lake City based process mineralogy consultant and DalPolyMetal Company, a Russian metal manufacturer, total proven reserves of high grade ores minable by open pit and underground methods at the Primorskoye and Salut Au-Ag deposits are 13.4 tons of Au and 776 tons of Ag.
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