Titimukhta

Titimukhta deposit is situated in the core of the Blagoveshchensk anticline within a silicon-vein zone. The zone is some 320 thick and reaches 1000 meters along the strike. It is saturated with silicon veins 1 to 7.5 m thick as well as with thin silicon streaks with poor sulphide mineralization. The deposit is made up of 5 elongated bedded ore bodies varying from 1 to 64 m in thickness.
 
Ores of Titimukhta belong to aluminum and silicate type, contain no alien admixtures and are easy to process. Sulphide content, including pyrite, chalcopyrite, arsenopyrite, and galenite, does not exceed 1-2%. Gold occurs mostly in free metallic form, finely dispersed, sometimes associated with sulphides or dispersed in hard rock.
 
Titimukhta now undergoes further exploration to make a final evaluation of its resources, which are currently estimated at 40 tons of gold (by C1 and C2 categories).

The main project parameters have been confirmed by the Board of Directors of Polyus Gold.  It is estimated that in 2009 the total volume of ore processed at the Titimukhta deposit will be 1.5 mln tons, and starting in 2010—2.2 mln tons annually.   Gold output in 2009 will be 3.7 tons, and in 2010 will reach 5.3 tons per year.  The total investment for the deposit, without expenditures for exploration work and in accordance with the Board of Directors of Polyus Gold, for the years 2006-2010, will be $98.7 mln. (without GST).