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Executive Summary
A total of three properties were visited and sampled late March and early April 2009.
The Ochir’s Shear Zone project is located in the southern Mongolian Kazakh-Mongol belt south of Mandah sum in proximity to the Tsagaan Suvarga porphyry deposit. The area is open ground. Mineralisation is related to a large EW-striking shear zone. Gold occurs in bucky, euhedral quartz-(carbonate-sulphide) veins of 2-3 m thickness and a strike length of 20-50 m. Carbonate-sulphide bearing veins have gold tenors up to 25 ppm, whereas pure quartz veins are barren. The limited continuity of the veins strongly limits the project’s potential.
The Nergui low-sulphidation epithermal project is located 60 km north of Erdenet in the Selenge Belt. The ground is held by local junior company. Alteration and veining extends over a strike length of at least 5 km. Colloform banded, quartz-adulariacarbonate veining is dense and continuous. Bladed carbonate indicates boiling conditions. Gold assay results were lower than expected, but 9 out of 37 samples assayed at over 0.1 ppm gold with a maximum value of 1.49 ppm. The extended size of alteration and good textures make this an interesting project.
The Tsagaan Ovoo low-sulphidation epithermal project is located in the North Eastern Epithermal Belt 200 km north east of Underkhaan. The project is owned by the foreign company and they willing to sell the project. Mineralisation is hosted by a silicic breccia of epithermal veins and colloform banded quartz-adulariapyrite/goethite veins. Veining in outcrop covers an area of at least 350 m by 600 m.
Gold grades are encouraging with an average of 0.66 ppm and a maximum of 2.9 ppm (maximum grade obtained
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