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Juliette deposit

Julietta Deposit.JPGThe 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 gold mine was discovered by state control Dukat Geological Expedition Company in 1989. In 1990-1994 at Julietta the prospecting and evaluation survey were being conducted, in 1994 the exploration was started. In 1997-1999 engineering exploration, development and design works for the mining-industrial complex were conducted at the deposit. The construction of the ore mining and processing plant with 130,000-150,000 tpy design capacity was started in 1998 and completed at the end of 2001.

CJSC Omsukchan Mining and Geological Company (OMGC) obtained a subsoil use license for the Julietta gold mine and in May, 1996 OMGC was reorganized into the OMGC Joint Venture when Arian Resources, Ltd. became its investor. In September 7, 2001 the gold mine was brought into production and on the 26th of September, 2001 the first portion of gold was melt.  

Up to the present moment OMGC has been developing the Julietta gold mine. In 1998 OMGC was acquired and consequently managed by Bema Gold Corporation. (Vancouver, BC, Canada). At the beginning of 2007 Bema Gold Corporation was acquired by Kinross Gold Corporation and since August 2008 Russian investors have started helming OMGC.

The Russian investors took the affirmative decision of the gold mine acquisition after comprehensive analysis of geological materials, earlier research, exploration works and mining operations; the analysis allowed specifying the potential for the subsequent exploration of the mine as a positive one. The consequences of the ore field structure and its formation in relation to the developed geologic exploration model served as a basis for such assessment; that sort of consequences initially allowed identifying a number of prospective areas to the extent of the ore field.