Recourse & Grade:
In Russia at the moment High River Gold has a 53 per cent fully diluted equity interest in OJSC Buryatzoloto –the 5th largest gold producer in Russia, with two operating mines producing a total of approximately 150, 000 oz per year. As at the end of 2001 Buryatzoloto reported reserves and resources of 1.4 million ounces and 5.3 million ounces. At the end of last year High River Gold recently expanded its interests by acquiring a 100 per cent interest in the Berezitovoye gold project in Siberia. The Berezitovoye deposit is amenable to open-pit mining and under the Russian classification system contains reserves of 1.38 million ounces gold and 6.49 million ounces silver.