(MENAFN- Trend News Agency ) Baku, Azerbaijan, Oct. 29
Trend:
Turkey's Tasyapi company and the State Committee of Uzbekistan for Geology and Mineral Resources signed an agreement on the development of two gold deposits in the Samarkand region on Oct. 25, Uzbek media reported.
In accordance with the agreement, the parties will organize joint exploration and development of the Galabulak and Kushtepa fields.
During four months, the Turkish company will carry out drilling operations at the facilities, tests for the development of technological regulations and will also develop preliminary feasibility study of the project for the fields' development.
In case of positive results of the first stage of the project, the parties will agree on the forms and conditions for cooperation on the development of gold deposits.
In accordance with the information provided in the Resolution of the Uzbek Cabinet of Ministers dated May 31, 2017, the predicted resources of gold-quartz and gold-sulphide-quartz ores at the Galabulak and Kushtepa fields amount to about 5.9 tons of gold. In total, 31 promising sites and 12 deposits for precious metals with estimated reserves of 151 tons of gold and 1,200 tons of silver have been approved by the government.
In May, the State Committee of Uzbekistan for Geology and Mineral Resources and the Ministry of Energy and Natural Resources of Turkey signed an agreement to study three prospective gold ore areas in the Jizzakh and Navoi regions.
Exploration is expected to begin this year. During three years, the Turkish side plans to allocate $5 million for the project.
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