OREANDA-NEWS. In 2006, Polyus Gold made a major step forward in the area of exploration and reserves growth. Extensive exploration programme at Natalka deposit in Magadan region resulted in the state listing of 1 500 tonnes (48 m oz) of balance reserves (Russian B+C1+C2). That lead to a 70% increase in Polyus Gold’s mineral resources base to 3 000 tonnes (B+C1+C2) as at 1 January, 2007, compared to 1 758 tonnes as at 1 January, 2006.

During 2006 the company also substantially increased its P&P reserves according to the Joint Ore Reserves Committee (JORC), from 25.1 m oz to 50.8 m oz.

In 2006, the Company continued its extensive exploration programme in all regions of operations. The drilling works totaled 163 700 m, compared to 143 000 m in the previous year.