LONDON (Thomson Financial) - Ovoca Gold PLC said it has received a three-year extension of the exploration licence over the Kolmozero-Voronye property, located in the central part of Kola Peninsula, from the Russian Sub-Soil Agency (Rosedra).
The exploration company said the licence, save where an additional extension is granted, will expire on July 15 2011.
The licence area incorporates the Oleninskoe, the Nyalm and the Leshaya gold deposits and the 'significant' molybdenum-copper Pellapakh deposit, Ovoca said. TFN.newsdesk@thomson.com kal/ejb COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.