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Proven Reserves In Armenian Gold Deposits Estimated To Cost More Tha

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  • Proven Reserves In Armenian Gold Deposits Estimated To Cost More Tha

    PROVEN RESERVES IN ARMENIAN GOLD DEPOSITS ESTIMATED TO COST MORE THAN $16.3 BILLION

    YEREVAN, August 9. / ARKA /. Proven reserves of gold in Armenian
    deposits are estimated to cost more than $16.3 billion, Hrachia
    Avakian, a leading specialist from the Institute of Economics of the
    National Academy of Sciences, said to a news conference today

    He said the projected cost of these resources is about $24.7 billion.

    According to him, Armenia has eight proven deposits of gold, the
    largest being in Sotk.

    Avakian also said that there are six proven fields with gold and
    polymetallic reserves which can be developed for another 300 years,
    producing each year 1,800 tons of copper, 5,300 tones of lead,
    7,300 tons of zinc, 670 kg of gold, 70 tons of silver, 2,300 tons
    of cadmium, 11 tons of bismuth, 18 tons of selenium and many other
    metals, as well as several thousand tons of sulfur and iron.

    "The cost of proven gold and polymetallic reserves in Armenia exceeds $
    19.4 billion," he said. -0-

    - See more at:
    http://arka.am/en/news/economy/proven_reserves_in_armenian_gold_deposits_estimate d_to_cost_more_than_16_3_billion/#sthash.E6N9Este.dpuf

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