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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Sergeevskoe | |
| Location: | Russia | |
| Commodities: | Gold-Molybdenum-Silver | |
| Date: | 3/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-3-2017: Orsu Metals Corp. announces a Supporting Acquisition report for its Sergeevskoe deposit at the Sergeevskoe project. Summary of Property in Support of Acquisition. The Sergeevskoe Property is located in the Zabaikalsky Region in the Russian Fede | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Phil Newall (Wardell Armstrong International Ltd.) | |
| ABSTRACT: | The Sergeevskoe Property is located in the Zabaikalsky Region in the Russian Federation. The property is situated 40km to the southwest of Mogocha town – the district capital with a large railway station on the Trans-Siberian Railway. The newly built Chita-Khaborovsk motorway passes within 8km to the south of the property. The distance from Chita to Sergeevskoe is 560km. As the result of an auction held 22.11.2013, LLC SC "Alexandrovskoe", a subsidiary of Sibzoloto Investments Limited (“Sibzoloto”), a Cyprus registered company and the sole owner of LLC GK Alexandrovskoe, acquired the license from the Russian Government. The shares of Sibzoloto are owned by four arm’s length parties. The license was issued on 31 December 2013 and it is valid until 31 December 2031. In 2016, the license (Licence CHIT 02454 BR) was actualised by the Ministry of Natural Resources of the Russian Federation. This confirmed the validity of the license. The terms of the acquisition of the Sergeevskoe Project are tied to Orsu’s successful completion of the sale of Orsu’s interest in its Karchiga Project located in Kazakhstan for US$7.75 million by June 30, 2017. | |
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