StockMarketWire.com - Highland Gold Mining has received clearance from the government of the Russian Federation for development of the Kekura gold deposit, in accordance with legislation that covers mineral deposits of 'federal significance'.

Highland Gold said that by virtue of its size, Kekura was designated under law as federally significant, which required the company to apply for special dispensation to begin mining at the site.

It said this permit was in addition to the standard exploration and mining licences already held by the company for Kekura and the surrounding Stadukhinsky ore zone.

Kekura, located in the Chukotka region in Russia's Far East, is the company's flagship development project with estimated JORC-compliant reserves of 1.7 million ounces of gold.

Substantial exploration work and technical studies have already been completed at the site to date, along with initial infrastructure and building construction.

A definitive feasibility study is currently in development and scheduled for completion this autumn, with a view towards beginning commercial production in 2020.

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