Newest results from the Karatas-Maibulak site confirm the positive expectations based on past drillings and geological groundworks. On top of that, the results provide strong evidence of extensions of the orebodies with minable mineralization and depths.
The exploration works on several deposits in our license area were pursued over the last months and before being impacted by the Corona crisis. The explorations were made underground by drilling, on the ground by geophysical works and from the air by drones and lead to a significant better knowledge about the individual and connected deposits on the site.
Based on the geological and lab analysis the Karatas site shows gold resources of 5.6 tons with an average grade of 4.65g/t. The deposit is suitable for open pit and subsequent underground mining. On the Sauskan site new ore bodies have been identified. Ditches made at our Eastern Maybulak site showed grades 6g/t to 17.8g/t. On the Taspoly site on a thickness of up to five meters of trenching the grade was found to be 9.44g/t and up to 20 meters of explored trench a grade of up 1-2g/t was additionally found.
The testing is on a halt now due to corona but the modelling for the mining plant, infrastructural works and drone-based analysis are going on.