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Russian-owned mining company puts Nunavut exploration project on ice – Nunatsiaq News

Mar 30, 2022

Nordgold says company plans to resume work in 2023, after processing 2021 drilling results

Nordgold S.E. has put its gold exploration plans in Nunavut on hold until next year.

The Russian-owned company, which operates the Pistol Bay project, has mineral rights to an 860-square kilometre parcel near Whale Cove. Representatives from Nordgold gave the news to the hamlet on March 17, according to Mayor Percy Kabloona.

The company wants more time to process its 2021 drilling results, which were received in February, spokesperson Olga Ulveya told Nunatsiaq News in an email.

The delay comes on the heels of Russia’s Feb. 24 invasion of Ukraine.

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