Kopylovskoye - New Licence Acquisition

LONDON, January 27, 2011 /PRNewswire/ --

- Research Report from Edison Investment Research

Kopylovskoye has paid US$36,900 to acquire 100% of Takhtykan, a new gold exploration licence at its Kopylovskoye project on the outskirts of the Russian city of Bodaibo. The new licence covers an area of 30km2 and is contiguous with the company's existing Pravovesenniy and Kopylovskoye licences. Previous exploration undertaken on these licences suggests the presence of an additional ore zone, which is expected to outcrop at surface within the new Takhtykan licence. The company plans to undertake desktop studies this year with first drilling scheduled for 2012.

Please click here to view the full report: http://tinyurl.com/Edison-KOPY

Kopylovskoye is a gold exploration company focused on the development of its seven licences in Russia. Together these cover 255km2 and have C1, C2 and P1 reserves/resources of 2.0Moz. Currently listed in Stockholm, the company is considering a secondary listing.

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