Northern mines Company
Northern Mines Ltd., established in 2008 and headed by Mr. Andrey Rashin, is a Russian management company of Northern Gold Mines Holding. Northern Gold Mines Holding consolidates a few Far East companies which are specialized in gold and silver mining, search for, exploration and mine of other mineral resources.
The principal Holding’s asset is Juliette deposit, where now the active gold extraction is carried out, besides, there are exploration operations in other properties, located in the territory of Magadan and Primorsky regions.
The Julietta gold mine, located in the Omsukchan district of the Magadan Region, Russian Far East, is 320 km along the road and 180 km along a straight line to the south-west of Omsukchan village. On the regional plan the area of the deposit is found to the extent of the Okhotsk-Chukotka volcanic-plutonic belt and is classified as a gold-silver ore formation of an adularia-sericite-quartz (low sulfidation) mineral type.
The License area is located in Tenkinsky district of Magadan region in the river Omchak valley (left inflow of the river Tenka). Economically the region is well developed, and characterized with availability of roads, power supply, developed infrastructure, and availability of local labor resources.
Pervomaisky lease with area of 6 km2 is located in Khankaisk district of Primorsky region at the distance of six kilometers to south-west from Pervomaiskoye settlement.
LLC Vostochny Bereg has a license to subsurface usage VLV # 01470 in order to search for, explore and produce gold in Krynichnoye gold ore field and dealluvial deposit Krynichnoye, which was issued by Regional Agency for subsurface usage in Primorsky area. The license was issued for 25 years and is valid till February 07, 2031