Deposit of gold found in Dagestan

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Makhachkala, November 10, 2017. The gold-bearing ore was discovered on the territory of the Republic of Dagestan. The deposit is planned to be sold by auction next year. According to the Ministry of Nature of the Russian Federation, the geological survey of the area in Dagestan was funded by the state budget. "The gold-bearing ore is classified as category P1-P2 in the amount of 100 tons" the ministry head Sergey Donskoi is quoted saying. The right to develop the deposit will be announced at an auction, which is planned to be held in 2018.

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