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Savkinskoye update

During 2018 the operations of Savkinskoye were carried out in accordance with the development plan. The Company continued mining of Central and South-West parts of the deposit, and started mining of Khlebniy deposit.

For 9m 2018 on Filevskiy flanks the Company perform ed 1,486 m of core drilling on 18 drill holes, 17,1 39 m3 of trenching on 19 tranches, made 1,759 core samplings, 2,138 trench samplings, 3,410 analyses.

For 3Q 2018 the Company performed 11,746 m3 of trenching on 15 tranches, made 1,614 trench samplings, 1,127 analyses.

Nasedkino update

During Q3 2018, construction of stream diversion channel, rotation camp (installation works at the amenities and bath building, dormitory and canteen) , main building of gold recovery factory, coarse crushing facility, crushed ore storage and tailings pond was conducted. In Q3 2018, engineering design “Mining and Processing Plant at Nasedkino Gold Deposit. Mining and Conveying Facilities” with respect to the development of four sites was completed and the design documentation was submitted for Environmental Impact Assessment.

During 9m of 2018 the Company performed 20,387 m3 of trenching on 5 tranches, made 488 analyses and 1,143 trench samplings on Nasedkino site (Malourymskoe).

For Q3 2018 the Company performed 20,387 m 3 of trenching on 5 tranches, made 1,143 trench samplings.

Zolinsko-Arkiinskaya update

From April 2018, mining operations started at Kochkovskoye deposit, the operations of Kochkovskoye were carried out in accordance with the development plan. The Savkino production team participates in the trial development of the Kochkovskoye deposit. In Q3 2018, the Company pursued achievement of performance goals and adjusted performance indicators at Kochkovskoye deposit.

During 9m of 2018 the Company performed 8,243 m of core drilling on 60 drill holes, 41,960 m3 of trenching on 48 tranches, 320 m of hydrogeological drilling on 5 drill holes, made 8,539 core samplings, 6,057 trench samplings, 15,171 analyses on Kochkovskoye deposit.

For Q3 2018 the Company per formed 4,778 m of core drilling on 38 drill holes, 36,702 m3 of trenching on 42 tranches, 120 m of hydrogeological drilling on 2 drill holes, made 4,821 core sampling s, 4,413 trench samplings, 9,809 analyses.

Alluvial deposit

In Q3 2018, mining allotment design for Srednya river and the the Mostovaya river feeder with the mining allotment certificate, and mining development plan for 2018 were approved by the Rosprirodnadzor bodies. In Q3 2018, Xiaolong company conducted mining at the deposit under a contractor agreement.

During 9m of 2017 and 2018 there were no exploration works.

source: http://www.sedar.com