YEREVAN, JUNE 23, ARMENPRESS: The US-based Global Gold Mining company has invested around $65. million in the last several years in prospecting Armenian mines. The chief manager of its Armenian subsidiary, Ashot Poghosian, said the volume of investments will rise to $9.6 million before the end of 2006.
In 2004 the company was granted a license to prospect mines in Armenian Tukhmanuk, Hankavan and Getik areas and in Marjan. Poghosian told a news conference today that prospecting in Tukhmanuk was nearly over. He said some 75,000 tons of gold ore are supposed to be extracted this year. Experts estimate that every one thousand ton of ore there contains 6 grams of gold and 12 grams of silver.
He said the company was not planning to prospect uranium ore deposits, for which a special permission of the government is needed. But he said if deposits of uranium are found during general prospecting the company would ask the government to allow it to extract uranium.
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