RARE METAL MINING DISCOVERS LARGE GOLD AND COPPER ORE BODIES NEAR OYU TOLGOI
Ritzherald - Rare Metal Mining, a company based in Mongolia, has discovered large gold and copper ore bodies near Oyu Tolgoi, according to a recent statement issued by the company.
The company recently signed a joint venture with MarketPeak and Rare Metal Mining after discovering large gold and copper ore body which covers a majority of the 2,398 hectares. The mining exploration license is located in South Mongolia within the same metallic belt as Oyu Tolgoi. Precisely the land is approximately 240 km from Oyu Tolgoi, which happens to hold the largest copper deposits in Asia.
Prime Mongolian Resources group of companies focuses on flipping and developing mines and exploration licenses, now co-owns over 1% of all the mining exploration licenses in the territory of Mongolia.
With drillings expected to commence in 2021, agreements have been signed to support the local community needs. Also, its an effort to build the company’s brand reputation within the mining industry. Prime Mongolian Resources hopes to make its first Copper and gold extractions by 2023.