Exploration and Mining in Egypt
Almost 150 million roubles invested in 2007 – 2010 into two concession sites, leading Russian geologists deployed, dozens of young Egyptian specialists trained. Very conclusive results attained following evaluation of more than 10,000 samples.
We are preparing a feasibility study and a business plan (on $25 million scale) for drilling operations, additional geophysical survey and start of extraction on sites where presence of gold is already discovered.
Our results
for 2008 – 2010 are documented in reports by the reputable
independent geological auditors Behre Dolbear. The reports can be
viewed at the project site: