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Armenia has 268 tons of estimated gold reserves

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  • Armenia has 268 tons of estimated gold reserves

    ArmenPress
    Jan 11 2005

    ARMENIA HAS 268 TONS OF ESTIMATED GOLD RESERVES

    YEREVAN, JANUARY 11, ARMENPRESS: The estimated gold reserves in
    Armenia are around 268 tons, but according to Valery Mejlumian, the
    chief manager of the Armenian Copper Program (ACP), this figure may
    go up. The biggest reserves are in Sotk mines, which contains about
    97 tons of pure gold. Mines in southern Kajaran have some 40 tons of
    gold and as much have Shahumian mines. According to researches,
    Meghradzor mines contain 22 tons of gold.
    According to other studies, the estimated reserves of copper
    amount to 7.4 million tons, of which 4.5 million tons are in Kajaran
    mines. Molybdenum reserves are estimated at 711,000 tons, of which
    600,000 tons are in Kajaran.
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