PROVEN RESERVES IN ARMENIAN GOLD DEPOSITS ESTIMATED TO COST MORE THAN $16.3 BILLION
YEREVAN, August 9. / ARKA /. Proven reserves of gold in Armenian
deposits are estimated to cost more than $16.3 billion, Hrachia
Avakian, a leading specialist from the Institute of Economics of the
National Academy of Sciences, said to a news conference today
He said the projected cost of these resources is about $24.7 billion.
According to him, Armenia has eight proven deposits of gold, the
largest being in Sotk.
Avakian also said that there are six proven fields with gold and
polymetallic reserves which can be developed for another 300 years,
producing each year 1,800 tons of copper, 5,300 tones of lead,
7,300 tons of zinc, 670 kg of gold, 70 tons of silver, 2,300 tons
of cadmium, 11 tons of bismuth, 18 tons of selenium and many other
metals, as well as several thousand tons of sulfur and iron.
“The cost of proven gold and polymetallic reserves in Armenia exceeds $
19.4 billion,” he said. -0-
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