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About Orsu

Orsu Metals Corporation is a dual listed (TSX & AIM) new precious and base metals mining, production, exploration and development company which is operating an open pit gold-copper mine at the Varvarinskoye deposit in northern Kazakhstan and exploring advanced staged gold deposits in the Tien Shan gold belt in the Kyrgyz Republic and Rudny Altai belt in the Republic of Kazakhstan.

Orsu currently has combined resources in measured, indicated and inferred categories of 9.17Moz of gold and 1,774Mlb of copper, of which 2.2Moz of gold and 254Mlb of copper is contaiend within reserves at the Varvarinskoye mine.

Orsu was formed in June 2008 after the acquisition of Lero Gold Corporation by European Minerals Corporation.

 

On formation, Orsu Metals Corporation’s assets consisted of the following:

  • a 100% interest in the Varvarinskoye Project, located in Northern Kazakhstan;

  • a 100% interest in the Talas Project, located in the Talas region of Kyrgyzstan; and

  • a 70% interest in the Karchiga Project, located in northeast Kazakhstan.

 

In addition to operating the Varvarinskoye project, Orsu is seeking and evaluating advanced exploration stage gold and base metal projects in Kazakhstan and Kyrgyzstan. These countries are host to the Tien Shan Metallogenic Belt, one of the largest and most prolific gold belts in the world. Orsu is currently exploring two advanced staged gold deposits in the Tien Shan gold belt in the Kyrgyz Republic. These properties occur in the same belt of rocks with similar geology and structural setting as Centerra Gold Inc.’s Kumtor Deposit. Since 1997, Kumtor has produced over 5.5 million ounces of gold and is estimated to contain a remaining 3.2 million ounces of reserves and 3.4 million ounces of resources, making it the largest gold mine in Kyrgyzstan and one of the largest gold deposits in the World.

The Company is well-funded and strategically positioned to fully participate in the current favorable investment climate through solid technical advances, unique in-country expertise, and timely business initiatives. With senior management and excellent technical expertise, Orsu intends to aggressively explore and develop a portfolio of new projects and targets.