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Orsu Metals celebrates with gold prize for Sergeevskoe project in Russian competition

The aim of the MineVenture competition was to provide a platform for independent evaluation of early stage and developing projects
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Orsu entered the project at the 14th Russian mining and exploration forum Minex Russia 2018

Orsu Metals Corp (CVE:OSU) said its Sergeevskoe gold exploration project in Russia’s Transbaikalian region had won gold at the Russian MineVenture competition for the best mining investment project.

The firm entered the project at the 14th Russian mining and exploration forum Minex Russia 2018 that took place in Moscow between October 2 and 4 this year.

The aim of the MineVenture competition was to provide a platform for independent evaluation of early stage and developing mining projects and to discuss opportunities for their accelerated implementation. 

Orsu owns 90% of the project, which is leased from the Russian Government until 2031 when it can be extended for an additional 10 years when the mine starts producing.

The Sergeevskoe license area is comprised of 7.6 square kilometres (sq km) and has excellent access to the infrastructure needed to develop the property.

Notably, it sits between SUN Gold's  Klyuchevskoe past producing gold mine and the producing Aleksandrovskoe gold mine owned by Zapadnaya Gold Mining Limited.

The two mines have reported resources over 5.5 million ounces and 2.2 million ounces gold, respectively.

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