New exploration results of the Elkon uranium district deposits and prospects for their development

The Elkon Uranium District (EUD) is located in the Republic of Sakha (Yakutia) and is of strategic importance for the Russian uranium industry. It comprises more than 40% of the entire Russian uranium mineral resource and 4% of the world's uranium resources. Drilling and underground mining completed in 1961-1986 amounted to over 600,000 m and 52,500 m, respectively. The performed activities resulted in the discovery of the Yuzhnaya Zone and the Severnoe deposits. The Yuzhnaya Zone uranium resources (Measured + Indicated + Inferred) amounted to 257.8 kt (grade 0.146%). Uranium mineralisation contains 141 t of gold, 1784 t of silver and 41,5 kt of molybdenum. The Severnoe Inferred resources have been estimated at 58.6 kt (grade 0.149%). During the period of 2007-2011 over 100,000 m of drilling and associated activities was completed within the Yuzhnaya Zone and Severnoe deposits along with optimisation of ore mining and processing methods, and geological and economic revaluation of the deposits.