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67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia

 
Don Draper from Nantucket
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10/26/2020 07:19 PM

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67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
[link to www.zerohedge.com (secure)]


Last week the world's largest stockpile of gold was revealed when Russia’s largest gold producer, Polyus PJSC, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves.

A company audit showed Sukhoi Log has 40 million ounces of proven reserves as measured by international JORC standards, with an average gold content of 2.3 grams per ton, according to Chief Executive Officer Pavel Grachev. Additionally, the estimated Mineral Resources for Sukhoi Log stand at 1,110 million tonnes, with an average grade of 1.9 g/t Au and containing 67 million ounces of gold as at 31 May 2020. This means that the monetary value of the estimated gold holdings is just over $127 billion at today's prices.

That means the field - accounting for more than a quarter of Russian gold reserves - is bigger than Seabridge Gold Inc.’s KSM Project in Canada and Donlin Gold in Alaska
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Don Draper from Nantucket  (OP)

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10/26/2020 07:20 PM

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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
Some more details on Sukhoi Log:

The audit shows that as well as economically mineable reserves, the deposit has 67 million ounces of total resources, up from 63 million ounces previously estimated.
That figure may rise after more drilling and studies.
Main investment is due to start in 2023. Polyus has already started spending on infrastructure for the project, including co-investing with the government on the reconstruction of a local airport.
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Moses Born Again in L.A.

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10/26/2020 07:23 PM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
commiepropogandabump
Moses Born Again
Anonymous Coward
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10/26/2020 07:23 PM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
Interesting...

That's a whole lotta yella!!!
Anonymous Coward
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10/26/2020 07:23 PM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
Israelis eyeing Russia as their next victim.

This will be their second time subverting Russia in the last 100 years.
Beyond

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10/26/2020 07:25 PM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
Gold is the greedy man's god.

Last Edited by Bankroll on 01/25/2021 08:30 PM
Not anutter cig nature.
Anonymous Coward
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10/26/2020 07:26 PM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
:commie:propogandabump
 Quoting: Moses Born Again in L.A.


bsflag

That whole Russia (Siberia)has more precious metals and resources than the whole continent of Africa...

It been literally untouched for a very long time...
Anonymous Coward
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10/26/2020 07:27 PM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
[link to www.zerohedge.com (secure)]


Last week the world's largest stockpile of gold was revealed when Russia’s largest gold producer, Polyus PJSC, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves.

A company audit showed Sukhoi Log has 40 million ounces of proven reserves as measured by international JORC standards, with an average gold content of 2.3 grams per ton, according to Chief Executive Officer Pavel Grachev. Additionally, the estimated Mineral Resources for Sukhoi Log stand at 1,110 million tonnes, with an average grade of 1.9 g/t Au and containing 67 million ounces of gold as at 31 May 2020. This means that the monetary value of the estimated gold holdings is just over $127 billion at today's prices.

That means the field - accounting for more than a quarter of Russian gold reserves - is bigger than Seabridge Gold Inc.’s KSM Project in Canada and Donlin Gold in Alaska
 Quoting: Don Draper from Nantucket


Saying "67 million ounces" is like saying your son is "34 months old". FFS, "nearly 2100 tons" would do.
Anonymous Coward
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10/26/2020 07:29 PM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
This is partly why the globalists and neocons hate Putin so much. He stopped Russia breaking up so it's huge booty of natural resources could be easily plundered and the rump states left holding the nukes could be bribed to give them up like Ukraine was which they must surely bitterly regret.
Don Draper from Nantucket  (OP)

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10/26/2020 07:32 PM

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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
I definitely think Putin will have something to say about any subversive shenanigans.
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The Rolling Stones said it best...

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Don Draper from Nantucket  (OP)

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10/26/2020 07:55 PM

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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
Interesting...

That's a whole lotta yella!!!
 Quoting: COVID19


fuckyeah5
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The Rolling Stones said it best...

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Don Draper from Nantucket  (OP)

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10/27/2020 01:46 AM

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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
[link to www.zerohedge.com (secure)]


Last week the world's largest stockpile of gold was revealed when Russia’s largest gold producer, Polyus PJSC, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves.

A company audit showed Sukhoi Log has 40 million ounces of proven reserves as measured by international JORC standards, with an average gold content of 2.3 grams per ton, according to Chief Executive Officer Pavel Grachev. Additionally, the estimated Mineral Resources for Sukhoi Log stand at 1,110 million tonnes, with an average grade of 1.9 g/t Au and containing 67 million ounces of gold as at 31 May 2020. This means that the monetary value of the estimated gold holdings is just over $127 billion at today's prices.

That means the field - accounting for more than a quarter of Russian gold reserves - is bigger than Seabridge Gold Inc.’s KSM Project in Canada and Donlin Gold in Alaska
 Quoting: Don Draper from Nantucket


Saying "67 million ounces" is like saying your son is "34 months old". FFS, "nearly 2100 tons" would do.
 Quoting: Anonymous Coward 77869560


Indeed
PLATA BITCHEZZZZZZ

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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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10/27/2020 01:50 AM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
The real gold is in Antarctica. Uncle Adolf knew.
Anonymous Coward
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10/27/2020 01:53 AM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
Anonymous Coward
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10/27/2020 01:59 AM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
Israelis eyeing Russia as their next victim.

This will be their second time subverting Russia in the last 100 years.
 Quoting: Anonymous Coward 79196416


[imgur] [link to imgur.com (secure)]
Xenophon

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10/27/2020 02:54 AM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
I definitely think Putin will have something to say about any subversive shenanigans.
 Quoting: Don Draper from Nantucket


nehreh
the 3rd shaking
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10/27/2020 02:58 AM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
This is not a new find. It's an increase in the amount discovered. There are no fields there because it's impossible to mine.

1. Gold is very stable. There's a 1% production increase per year throughout history.
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10/27/2020 03:00 AM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
I definitely think Putin will have something to say about any subversive shenanigans.
 Quoting: Don Draper from Nantucket


:nehreh:
 Quoting: Xenophon


His moms a heeb
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10/27/2020 03:01 AM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
I definitely think Putin will have something to say about any subversive shenanigans.
 Quoting: Don Draper from Nantucket


:nehreh:
 Quoting: Xenophon


His moms a heeb
 Quoting: Anonymous Coward 76112567


That means he is a Hebe. To (((Them))) anyway.
Anonymous Coward
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10/27/2020 03:03 AM
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Re: 67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia
The biggest mine is in Arizona, they will be hard pressed to top that.





GLP