Wow, this is the guy, Igor Migachev, to contact about Aurus/Krong.
"TsNIGRI is the acronym for the Central Geological Prospecting Research Institute for precious metals. It is state-owned, and is connected to the federal Ministry of Natural Resources, and the State Geological Service. The first two weeks of January are traditional Christmas and New Year holidays in Russia, and according to TsNIGRI sources, almost no one was working there between January 8 and 10. But if they were working, the general director of TsNIGRI, Igor Migachev, General Director of TsNIIGRI told Mineweb he is sure they weren't doing anything for ABV Gold. "I never heard of the company ABV Gold or Daniel Ryan," Migachev said. "We never undertook any job for ABV Gold, and we even don't know them. Besides, they are making a mistake to link to us. We will contact them now and demand they remove us from their information.""http://www.mineweb.com/mineweb/view/mineweb/en/page66?oid=44654&sn=Detail
President Daniel Ryan replies on behalf of ABV Gold.
EDITOR’S NOTE : The following is a response to the January 17th Mineweb article, “Canadian Junior Pretends to Russia Gold, but Russians say otherwise,” written by Mineweb Moscow correspondent John Helmer. Author: By Daniel Ryan, ABV Gold Posted: Saturday , 19 Jan 2008
Dear Mr. Helmer,
First we must apologize for not replying to you at the speed in which you are accustomed. We would like to thank you for your inquiry. Our dealings with our Russian counterparts are somewhat complicated at times and when adding the public company component to the transaction, it further complicates the issues at hand.
First, our continued agreement with our Russian counterpart remains confidential until such time as we have a completed agreement.
As a member of the press, it should be easy for you to find BK-Arkadia as well as TnNIGRI as they are both located in Russia . However, they are also under a confidentiality agreement and therefore will not reveal the identity of the Russian Mine until such time as it is announced to the public.
In addition, the reports were requested by a third party and by the actual company and owner of the deposits. ABV Gold and or my self did not have any direct contacts with either of the entities.
In addition, because of the ownership structure and legislation of the Russian Federation , ABV Gold is not able to acquire and hold the permits to extract minerals and is using a Russian counterparty. We realize that the structure is somewhat convoluted but the results will be a strong agreement with a good working interest.
Let us provide you some information. Our letter of Intent calls for a working interest in the Russian Mine starting in 2nd quarter of 2008.
It would be ideal to completely merge the Russian Mine into ABV Gold, but the value of the reserves are very high for ABV Gold considering our low market cap of $2,500,000 USD ($0.01 per share). Naturally, if we are able to justify a higher market cap before the merger, we would be able to increase our working interest and therefore create substantial value to our shareholders.
Once we have completed our agreement, it will be our pleasure to provide you with as much details as possible. In the meantime, please accept our apology for the delay in our response and we look forward to discussing our future plans.
As far as your article, we understand that given little and or lack of information, you believed you were doing a great job by releasing your findings. However, your interpretation of those findings are totally erroneous and misleading to the public and may have caused great prejudice.