Commodity Online
MOSCOW: Russian National Geological Prospecting Company on Tuesday said it has discovered gold reserves of around 100 metric tonnes in the Republic of Buryatia in East Siberia.

The gold deposit was found at the licensed Perevalny block owned by Geomin Management, the company said in a statement.

Geomin Management plans to invest up to 500 million rubles ($18 million) in 2009 in additional prospecting and survey works at the field with NGPC to act as the general geological contractor, said the statement.