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Victoria Silver Company Seeks To Recover 11 Tons Of Gold In Lori Reg

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  • Victoria Silver Company Seeks To Recover 11 Tons Of Gold In Lori Reg

    VICTORIA SILVER COMPANY SEEKS TO RECOVER 11 TONS OF GOLD IN LORI REGION, ARMENIA

    by Arthur Yernjakyan

    Thursday, October 9, 12:05

    Victoria Silver LLC seeks to recover 11 tons of gold from Martsiget
    gold-polymetallic deposit located in Lori region, Armenia. Gagik
    Khojayan, Director of Victoria Silver LLC said at public hearings in
    Lori, EcoLur reports.

    The public hearings were held on the Martz-Prvashen-Budaghidzor gold
    polymetallic mine demonstration submitted by Victoria Silver LLC. By
    preliminary forecasts, the company anticipates recovery of 2,700,000
    tons of ore, 11 tons of gold reserve, around 30 tons of silver and
    around 10.000 tons of copper.

    "Gold concentration is expected to be 4.3 gr per ton, silver -
    11 gr per ton. Copper - 0.34%, lead - 0.7% and zinc - 1.8%. These
    concentrations are initial ones, Khojayan said.

    According to him, Victoria Silver LLC plans explorations in
    Martz-Prvashen-Budaghidzor gold polymetallic mine demonstration to
    check the reliability of the previous works carried out and then
    geoprospecting for evaluating the reserves. In case the outcomes are
    positive, he said, the company will launching mining. "In case of
    positive outcomes, we plan to drill 10 holes to intersect them in the
    depth... it's a project for 3 years," he said. "We have submitted the
    environmental impact assessment for the environmental expertise, it
    will undergo expertise, if something is wrong, they will give it back.

    It says we are guided by laws,"

    By data of ArmInfo, Victoria Silver LLC was registered in May 2014.

    The founders of the company are the residents of Armenia Armen
    Gevorgyan, Hrachya Hovhannissyan, Andranik Hambartsoumyan and Gagik
    Khojayan.

    http://www.arminfo.am/index.cfm?objectid=FA1EA130-4F8A-11E4-AEE70EB7C0D21663

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