Gold Standard Mining Corp. is focused on becoming a producer of minerals from the vast resources of Russia, capitalizing on the skill base and engineering strength of the Russian mining sector with the support of Western technology, finance, and corporate governance. According to the United States Geological Survey (USGS), Russia has the world’s third most extensive gold resources.
Gold Standard’s business strategy includes pursuing joint ventures, profit sharing arrangements, joint ownership of a company, or other arrangements that are believed to be economically viable for gold exploration. Key objectives for Gold Standard are security of title, the right to expatriate profits, and minimization of taxes and royalties.
Through an agreement with Umlekan Mining, Gold Standard has a license to geologically study, survey and extract mineral deposits from a 184 sq. km. property in the Amur region of Russia. Gold Standard will be able to take advantage of Umlekan’s operating capability and expertise in the Amur Region, while contributing funding and technical capability, which will be important for successful project development.
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