ALTANTSOGTS Polymetalic deposit project

Bayan-Ulgii province, Altantsogts soum 38 km from Ulgii town, the provincial center, 20 km from Altantsogts soum

ALTANTSOGTS Polymetalic deposit project

Bayan-Ulgii province, Altantsogts soum 38 km from Ulgii town, the provincial center, 20 km from Altantsogts soum

Үнийн санал авах

General information

Location

Bayan-Ulgii province, Altantsogts soum 38 km from Ulgii town, the provincial center, 20 km from Altantsogts soum

Project

Altantsogts polymetalic deposit project

License

Mining 21981A

License validity

2020-2050 (30 yrs.)

License area

267.61 hectares

License holder

Ungut Margad LLC

Shareholding:

100%

Resources

Provisional estimates of the following 5 mineral resources were made based on results of soil sampling, geophysics and test drilling. Resources estimates based on the following data:

Ore depth – up to 200m

Ore volume – 96 mln m³

Ore bulk density – 2.5 t/m³

Ore resources – 240 mln t

Category	Minerals	Average grade	Metal resources
Potential P	Cu	1%	1.0 Mt
	Bi	0.1%	1.0 Mt
	Co	0.03%	100.0 kt
	Au	3 g/t	100.0 t
	Ag	10 g/t	100.0 t

Studies have shown that the grade of trace elements in the ore is increasing to depth. It is necessary to conduct a detailed exploration.

Exploration & Study

Ungut Margad LLC has conducted initial exploration drilling and survey in 2014:

Exploration drilling: 4 drill holes in total 714.5 m

Sample testing: SGS-IMME Mongolia LLC

Survey: reconnaissance, 1:5000 geology mapping, geophysics survey

Current study: SRK Consulting MGL developed an independent technical report. The report provides a geological model and Aster & Landsat interpretations for the licensed area.

Project Development

Ungut Margad LLC has contracted with SRK Consulting MGL for following geological services:

Prepared an Independent Technical Review of available exploration results and evaluate the exploration potential of the project.
Based on exploration results 2020 to estimate the resources of the licensed area in compliance with JORC.