The Svetloye Gold Project is located in the Khabarovsk Region of eastern Russia approximately 750km west of Magadan, close to the port of Okhotsk. Based upon preliminary results, there appear to be two potential geological gold target types at Svetloye; a large, low-grade disseminated resource and narrower high grade structurally related resource. There are extensive zones of vuggy silica, alunite and late stage veining. This style of mineralization is common to Pierina and other 'high sulphidation' epithermal deposits. The rocks are oxidised to a depth of approximately 80m -150m based on the drilling to date. Seven oxidised gold zones outcrop: Elena, Larissa, Tamara, Gorki, Ludmilla, Bill and Amy.
