Gold Standard Mining has entered into an agreement with GPK Umlekan and its subsidiary Umlekan MC to explore gold, copper and other mineral deposits in the Amur region of Russia.
Under the terms of the agreement, Gold Standard will conduct exploration and development work on the properties located in the Eastern Umlekan Ore Node in the Zeya Zone.
Gold Standard will also carry out a bankable feasibility study in collaboration with an engineering firm that specialises in mining.
Umlekan will be involved in all aspects of the exploration and development programme, ensuring that the project is operated in a cost-effective manner.
The company will also provide services such as road construction, logistical support and supply of personnel.