Gennady Vursiy
Exploration Manager
Polyus
Gennady is a geologist with more than 25 years' experience in the mining industry. Gennady has broad experience in prospecting, exploration and management of gold, porphyry and copper-nickel-PGE projects. He has been responsible for prospecting and exploration program design, budgeting, execution, and operating management. Gennady has managed TEO studies in different areas of Russia for gold projects, including Sukhoy Log project from exploration programme design, implementation and reporting. As a geologist of the junior company, he was among the discoverers of the large Chulbatkan gold deposit in Khabarovskiy kray, with successful design and implementation of the exploration programme to prepare for due diligence at a standard that resulted in the successful acquisition. At present time Gennady is responsible for the exploration activities at Polyus Gold.
Sukhoi Log. Project history till recent days
Sukhoi Log is one of the largest undeveloped gold projects in the world. The gold mineralization that underpins this project was identified several decades ago and there have been many research projects to improve the knowledge of the deposit. Polyus secured management of the project in 2017 and has spent four years collecting new information, as well as verifying and testing the historic data. The result has led to a current report to the London Stock exchange of a Mineral Resource of 1,110 million tonnes grading 1.9g/t for 67 million ounces1. Studies continue and an Ore Reserve has been estimated and reported according to the JORC Code. In this paper, PJSC Polyus and AMC Consultants discuss the history of exploration, recent exploration programs, data collection procedures, and solutions to challenges presented during the estimation of the resources. 1 As of 31 December 2020 - JORC Table 1 can be found at https://polyus.com/en/operations/reserves_and_resources/