Korgontash Licence – North West Kyrgyzstan
The Korgontash licence contains Palaeozoic copper-gold porphyry and associated skarn and quartz vein hosted mineralisation. A drilling programme consisting of three diamond drill holes totalling 480m was completed at the Tokhtonnisai prospect in the western section of the Korgontash licence. The best intercept included 38m @ 0.60% copper and 0.56g/t gold.
In the third quarter of 2008, a 15km2 ground magnetic survey over the north west extents of the Korgontash licence was completed. The presence of magnetic highs to the west of the Aktash exclusion zone indicates potential for additional skarn type mineralisation as well as a potential deeper-seated magnetic intrusive. Follow up work with additional IP lines mainly focused on the area west of the Aktash exclusion zone is planned for 2009.