ArmenPress
Jan 11 2005

ARMENIA HAS 268 TONS OF ESTIMATED GOLD RESERVES

YEREVAN, JANUARY 11, ARMENPRESS: The estimated gold reserves in
Armenia are around 268 tons, but according to Valery Mejlumian, the
chief manager of the Armenian Copper Program (ACP), this figure may
go up. The biggest reserves are in Sotk mines, which contains about
97 tons of pure gold. Mines in southern Kajaran have some 40 tons of
gold and as much have Shahumian mines. According to researches,
Meghradzor mines contain 22 tons of gold.
According to other studies, the estimated reserves of copper
amount to 7.4 million tons, of which 4.5 million tons are in Kajaran
mines. Molybdenum reserves are estimated at 711,000 tons, of which
600,000 tons are in Kajaran.