Exploration History
The Chaarat property was a Soviet Sb and Au prospect during the Communist period and had been previously investigated by Soviet exploration teams from the late 1980’s, mostly for antimony. In 1996 Apex Asia applied for the license and explored the property for gold till 1998. After significant amount of trenching and sampling the property had become a joint venture with Newmont. Apex and Newmont concentrated on working on regional geochemical work, IP geophysical work and drilled seven drill holes. Due to corporate strategic decision, Newmont left Kyrgyzstan and terminated its JV with Apex. Following a thorough data review Chaarat Zaav made the decision to explore the property and applied for an exploration licence, which was issued on 10th December 2002.
The Company's exploration programme commenced with regional exploration in 2004 and included mapping and trenching of the known mineralized zones in the central part of the licence area. In addition, some of the regional gold occurances and areas of gold geochemical soil anomolies were mapped.
Following this work, the Company applied to the Government to enlarge the licence area so as to include the three identified prospects; Chaarat, Kashkasu and Minteke.
The Chaarat Project is currenlty confined to appoximately ten kilometres along strike at the centre of the Sandalash Licence Area. Access to the Northern part of the Project is restricted by the mountainous terrain, but as road development advances additional targets are being identified which will be drilled.
During the 2008 exploration season the company focused on increasing the resource in seven of the mineralised project areas where resources had been delineated at the end of the 2007 drilling campaign. In addition, three project areas, namely, M4400; M5000 and M6000 (Krator) were test drilled.
The underground development of an adit on the Contact Zone which commenced in 2007, was completed during early 2008. It Intersected 20 metres of mineralised zone with 6 g/t Au content. The encouraging results of adit paved the way for further underground development. Drifting over 685metres parallel to the strike of the mineralised zone was completed by the end of the 2009 season. Underground drilling of 9,185.70 metres (41 drill holes) from three chambers has produced excellent results. The underground drilling established the continuation of the mineralised zone for a total of 520m down dip from the surface. Completion of drilling from Drill Chamber-5 would connect the C5300 and C460 mineralized projects.
Behre Dolbear completed an update to their Scoping Study in December 2008 and a Pre-Feasibility Study by SRK Johannesburg is in progress due to be completed in Q3 2010.
JORC compliant, Indicated and Inferred mineral resources have been defned and calculated by SRK at the end of 2009 for all the project areas. A cut-off grade of 2 g/t used for these evaluations.
Figure 3: Gold Occurrences within licence area
Back to Top
In the Main Zone exploration work continues on four of the mineralised project areas: M2400, M3000, M3400 and M3900. In addition two more project areas, namely, M4400 and M5000 were test drilled.
M2400 Project Area
A mineral resource of 496,000 oz at a grade of 4.08 g/t Au was delineated at the end of 2009 drilling campaign over a strike length of 720 metres and to a depth of 270 metres from the surface. The mineralised lodes are between two and twelve metres wide (average five metres wide) and are hosted in sericitised and sheared siltstones with up to 10 to 15% pyrite, stibnite, tetrahedrite and arsenopyrite Drilling has indicated that the mineralisation is open along strike and down dip.
Figure 4: Surface Plan and Typical Drill Section: M2400
Back to Top
|
HoleID
|
Year
|
Section
|
|
Drilled From (metres)
|
Drilled To (metres)
|
Length (metres)
|
True width (metres)
|
Au (g/t)
|
|
dh 20
|
2005
|
2080
|
|
52.10
|
62.50
|
10.40
|
6.90
|
3.74
|
|
dh 20
|
2005
|
2080
|
incl
|
53.60
|
56.50
|
2.90
|
2.07
|
5.29
|
|
dh 20
|
2005
|
2080
|
incl
|
59.00
|
61.20
|
2.20
|
2.04
|
7.27
|
|
dh 20
|
2005
|
2080
|
|
75.00
|
78.00
|
3.00
|
2.29
|
7.48
|
|
dh 20
|
2005
|
2080
|
|
87.30
|
98.00
|
10.70
|
7.66
|
3.10
|
|
dh 20
|
2005
|
2080
|
incl
|
94.00
|
98.00
|
4.00
|
2.86
|
4.27
|
|
dh 124
|
2007
|
2080
|
|
104.50
|
113.50
|
9.00
|
4.46
|
3.02
|
|
dh 124
|
2007
|
2080
|
incl
|
104.50
|
107.50
|
3.00
|
1.49
|
4.45
|
|
dh 124
|
2007
|
2080
|
|
152.50
|
158.50
|
6.00
|
3.18
|
2.40
|
|
dh 124
|
2007
|
2080
|
|
164.50
|
169.00
|
4.50
|
1.72
|
3.39
|
|
dh 127
|
2007
|
2080
|
|
88.50
|
93.00
|
4.50
|
3.24
|
3.56
|
|
dh 127
|
2007
|
2080
|
|
127.50
|
130.50
|
3.00
|
2.49
|
2.70
|
|
dh 127
|
2007
|
2080
|
incl
|
139.50
|
142.50
|
3.00
|
2.55
|
5.56
|
|
dh 127
|
2007
|
2080
|
|
139.50
|
151.50
|
12.00
|
10.20
|
2.93
|
|
dh 127
|
2007
|
2080
|
incl
|
148.50
|
151.50
|
3.00
|
2.55
|
4.25
|
|
dh 127
|
2007
|
2080
|
|
159.00
|
162.00
|
3.00
|
2.95
|
2.66
|
|
dh 101
|
2007
|
2120
|
|
82.50
|
97.50
|
15.00
|
5.41
|
2.37
|
|
dh 101
|
2007
|
2120
|
|
135.00
|
171.00
|
36.00
|
19.11
|
5.23
|
|
dh 88
|
2006
|
2160
|
|
123.00
|
129.00
|
6.00
|
3.38
|
6.05
|
|
dh 88
|
2006
|
2160
|
|
189.00
|
195.00
|
6.00
|
2.88
|
3.27
|
|
dh 125bis
|
2007
|
2200
|
|
208.50
|
216.00
|
7.50
|
5.59
|
2.68
|
|
dh 125bis
|
2007
|
2200
|
|
249.00
|
255.00
|
6.00
|
4.70
|
2.06
|
|
dh 22
|
2005
|
2280
|
|
63.10
|
90.00
|
26.90
|
23.76
|
3.56
|
|
dh 22
|
2005
|
2280
|
incl
|
70.50
|
73.50
|
3.00
|
2.65
|
11.96
|
|
dh 22
|
2005
|
2280
|
incl
|
81.40
|
85.40
|
4.00
|
3.53
|
5.28
|
|
dh 98
|
2007
|
2280
|
|
106.00
|
115.00
|
9.00
|
7.01
|
3.59
|
|
dh 99
|
2007
|
2280
|
|
115.50
|
129.00
|
13.50
|
6.72
|
2.68
|
|
dh 01
|
2000
|
2360
|
|
78.50
|
87.00
|
8.50
|
6.84
|
4.65
|
|
dh 01
|
2000
|
2360
|
|
268.50
|
271.50
|
3.00
|
2.41
|
3.47
|
|
dh 14
|
2004
|
2440
|
|
81.70
|
91.20
|
9.50
|
4.78
|
3.22
|
|
dh 14
|
2004
|
2440
|
|
146.20
|
148.60
|
2.40
|
1.52
|
3.34
|
|
dh 17
|
2005
|
2440
|
|
25.00
|
37.50
|
12.50
|
9.48
|
4.52
|
|
dh 17
|
2005
|
2440
|
incl
|
25.00
|
30.30
|
5.30
|
4.02
|
7.39
|
|
dh 17
|
2005
|
2440
|
|
48.30
|
52.00
|
3.70
|
2.96
|
2.47
|
|
dh 17
|
2005
|
2440
|
|
99.50
|
102.50
|
3.00
|
3.00
|
2.21
|
|
dh 18
|
2005
|
2560
|
|
0.00
|
16.00
|
16.00
|
13.52
|
3.04
|
|
dh 18
|
2005
|
2560
|
incl
|
0.00
|
4.80
|
4.80
|
4.06
|
6.00
|
|
dh 18
|
2005
|
2560
|
|
35.50
|
48.50
|
13.00
|
10.85
|
2.55
|
|
dh 18
|
2005
|
2560
|
incl
|
37.00
|
40.00
|
3.00
|
2.50
|
4.13
|
|
dh 18
|
2005
|
2560
|
|
76.40
|
79.00
|
2.60
|
2.16
|
5.91
|
|
dh 18
|
2005
|
2560
|
|
87.50
|
90.50
|
3.00
|
2.64
|
2.26
|
|
dh 105
|
2007
|
2560
|
|
45.00
|
60.00
|
15.00
|
9.25
|
3.74
|
|
dh 105
|
2007
|
2560
|
incl
|
55.50
|
60.00
|
4.50
|
2.78
|
8.58
|
|
dh 105
|
2007
|
2560
|
|
72.00
|
76.50
|
4.50
|
3.32
|
2.60
|
|
dh 105
|
2007
|
2560
|
|
94.50
|
97.50
|
3.00
|
2.11
|
2.12
|
Table 2: M24 Significant Drill Hole Intersections.
Back to Top
M3000 Area
A mineral resource of 730,000 oz at a grade of 4.24 g/t Au was delineated at the end of 2009 drilling campaign over a strike length of 480 metres and to a depth of 330 metres from the surface. The mineralisation is between two and thirty metres wide (average width 4.20 metres) and, like M2400, is hosted in steeply dipping lodes of sericitised and sheared siltstones and greywackes with up to 10 to 15% pyrite, stibnite, tetrahedrite and arsenopyrite Drilling has indicated that the mineralisation is open along strike to the north and down dip.
Figure 5: Surface Plan and Typical Drill Section: M3000
Back to Top
|
HoleID
|
Year
|
Section
|
|
Drilled From (metres)
|
Drilled To (metres)
|
Length (metres)
|
True width (metres)
|
Au(g/t)
|
|
dh 69
|
2006
|
2760
|
|
147.00
|
154.50
|
7.50
|
4.62
|
2.51
|
|
dh 70
|
2006
|
2760
|
|
144.00
|
148.50
|
4.50
|
4.50
|
2.05
|
|
dh 23
|
2005
|
2920
|
|
52.50
|
54.50
|
2.00
|
2.00
|
3.61
|
|
dh 23
|
2005
|
2920
|
|
134.00
|
138.50
|
4.50
|
3.27
|
3.95
|
|
dh 24
|
2005
|
2920
|
|
148.50
|
189.00
|
40.50
|
30.29
|
3.50
|
|
dh 24
|
2005
|
2920
|
incl
|
150.00
|
153.00
|
3.00
|
2.24
|
7.32
|
|
dh 24
|
2005
|
2920
|
incl
|
160.50
|
163.50
|
3.00
|
2.24
|
4.82
|
|
dh 24
|
2005
|
2920
|
incl
|
172.50
|
178.00
|
5.50
|
4.11
|
11.47
|
|
dh 24
|
2005
|
2920
|
incl
|
172.50
|
175.50
|
3.00
|
2.24
|
19.65
|
|
dh 24
|
2005
|
2920
|
|
199.00
|
204.00
|
5.00
|
4.17
|
4.33
|
|
dh 24
|
2005
|
2920
|
|
210.00
|
214.50
|
4.50
|
3.75
|
3.37
|
|
dh 24
|
2005
|
2920
|
|
217.50
|
220.00
|
2.50
|
2.08
|
2.04
|
|
dh 128
|
2007
|
2920
|
|
111.00
|
147.00
|
36.00
|
20.49
|
5.40
|
|
dh 128
|
2007
|
2920
|
incl
|
126.00
|
141.00
|
15.00
|
10.26
|
10.60
|
|
dh 128
|
2007
|
2920
|
|
168.00
|
171.00
|
3.00
|
2.30
|
4.13
|
|
m 302
|
2008
|
2920
|
|
37.50
|
42.00
|
4.50
|
2.80
|
8.15
|
|
m 302
|
2008
|
2920
|
|
49.50
|
52.50
|
3.00
|
1.58
|
2.84
|
|
m 302
|
2008
|
2920
|
|
174.00
|
180.00
|
6.00
|
3.39
|
2.79
|
|
m 302
|
2008
|
2920
|
|
204.00
|
208.50
|
4.50
|
2.91
|
2.55
|
|
dh 03
|
2000
|
2960
|
|
124.50
|
135.50
|
11.00
|
8.26
|
5.48
|
|
dh 03
|
2000
|
2960
|
incl
|
127.20
|
131.70
|
4.50
|
3.38
|
11.13
|
|
dh 03
|
2000
|
2960
|
|
149.00
|
151.20
|
2.20
|
2.20
|
3.14
|
|
dh 03
|
2000
|
2960
|
|
202.20
|
214.60
|
12.40
|
6.09
|
2.66
|
|
dh 03
|
2000
|
2960
|
|
202.20
|
205.10
|
2.90
|
1.42
|
5.02
|
|
dh 25
|
2005
|
2960
|
|
69.00
|
75.00
|
6.00
|
4.66
|
1.99
|
|
dh 25
|
2005
|
2960
|
|
209.00
|
220.00
|
11.00
|
5.32
|
2.10
|
|
dh 26
|
2005
|
3000
|
|
7.10
|
12.00
|
4.90
|
4.50
|
2.32
|
|
dh 26
|
2005
|
3000
|
|
124.70
|
138.70
|
14.00
|
13.78
|
3.97
|
|
dh 26
|
2005
|
3000
|
incl
|
124.70
|
130.50
|
5.80
|
5.71
|
4.81
|
|
dh 26
|
2005
|
3000
|
incl
|
135.00
|
137.50
|
2.50
|
2.46
|
4.28
|
|
dh 27
|
2005
|
3000
|
|
182.00
|
185.00
|
3.00
|
2.50
|
4.26
|
|
dh 27
|
2005
|
3000
|
|
207.00
|
228.00
|
21.00
|
15.00
|
3.66
|
|
dh 16
|
2004
|
3080
|
|
143.80
|
169.20
|
25.40
|
16.51
|
2.72
|
|
dh 28
|
2005
|
3080
|
|
105.00
|
121.00
|
16.00
|
14.83
|
5.26
|
|
dh 28
|
2005
|
3080
|
incl
|
106.30
|
112.00
|
5.70
|
5.28
|
7.44
|
|
dh 28
|
2005
|
3080
|
incl
|
116.00
|
118.00
|
2.00
|
1.85
|
11.20
|
|
dh 30
|
2005
|
3080
|
|
161.00
|
166.00
|
5.00
|
3.71
|
2.79
|
|
dh 30
|
2005
|
3080
|
incl
|
164.00
|
166.00
|
2.00
|
1.48
|
4.70
|
|
dh 30
|
2005
|
3080
|
|
188.00
|
200.00
|
12.00
|
10.73
|
2.14
|
|
dh 30
|
2005
|
3080
|
|
223.00
|
232.00
|
9.00
|
7.65
|
2.99
|
|
dh 30
|
2005
|
3080
|
incl
|
230.00
|
232.00
|
2.00
|
1.70
|
5.47
|
|
dh 30
|
2005
|
3080
|
|
236.00
|
240.00
|
4.00
|
3.77
|
2.35
|
|
dh 30
|
2005
|
3080
|
|
257.00
|
259.00
|
2.00
|
1.85
|
2.32
|
|
dh 29
|
2005
|
3120
|
|
82.80
|
85.50
|
2.70
|
2.68
|
2.88
|
|
dh 29
|
2005
|
3120
|
|
126.00
|
128.00
|
2.00
|
1.83
|
2.48
|
|
dh 29
|
2005
|
3120
|
|
146.80
|
176.00
|
29.20
|
27.22
|
3.60
|
|
dh 29
|
2005
|
3120
|
incl
|
160.00
|
167.00
|
7.00
|
6.53
|
6.06
|
|
dh 29
|
2005
|
3120
|
incl
|
162.00
|
165.00
|
3.00
|
2.80
|
7.57
|
|
dh 31
|
2005
|
3160
|
|
50.00
|
54.10
|
4.10
|
3.38
|
2.39
|
|
dh 31
|
2005
|
3160
|
|
144.00
|
150.20
|
6.20
|
4.94
|
3.53
|
|
dh 31
|
2005
|
3160
|
incl
|
144.00
|
147.00
|
3.00
|
2.39
|
4.48
|
Table 3: M3000 Significant Drill Hole Interceptions.
Back to TopM3400 Area
A mineral resource of 134,000 oz at a grade of 4.17 g/t Au was delineated at the end of the 2009 drilling campaign over a strike length of 300 metres and to a depth of 250 metres from the surface. The mineralisation is between two and twelve metres wide (average width 4.18 metres). As in other Main Zone project areas, the mineralisation is hosted in steeply dipping lodes of sericitised and sheared siltstones and greywackes with up to 10 to 15% pyrite, stibnite, tetrahedrite and arsenopyrite Drilling has indicated that the mineralisation is open along strike to the north and down dip.
|
HoleID
|
Year
|
Section
|
|
Drilled From (metres)
|
Drilled To (metres)
|
Length (metres)
|
True width (metres)
|
Au (g/t)
|
|
dh 04
|
2000
|
3360
|
|
94.00
|
100.00
|
6.00
|
6.00
|
3.13
|
|
dh 04
|
2000
|
3360
|
|
124.00
|
136.00
|
12.00
|
11.80
|
3.12
|
|
dh 72
|
2006
|
3360
|
|
111.50
|
118.00
|
6.50
|
6.33
|
4.00
|
|
dh 72
|
2006
|
3360
|
|
154.00
|
158.50
|
4.50
|
4.50
|
3.69
|
|
M3416
|
2008
|
3400
|
|
171.60
|
174.60
|
3.00
|
1.27
|
3.23
|
|
dh 71
|
2006
|
3440
|
|
125.50
|
134.50
|
9.00
|
9.00
|
3.26
|
|
dh 71
|
2006
|
3440
|
incl
|
125.50
|
128.50
|
3.00
|
3.00
|
7.24
|
|
dh 71
|
2006
|
3440
|
|
214.00
|
215.50
|
1.50
|
1.50
|
5.19
|
|
dh 71 bis
|
2006
|
3440
|
|
3.00
|
10.50
|
7.50
|
7.50
|
6.62
|
|
dh 71 bis
|
2006
|
3440
|
incl
|
6.00
|
9.00
|
3.00
|
3.00
|
10.08
|
Table-4 : M3400 Significant Drill hole intersections.
M3900 Area
A mineral resource of 272,000 oz at a grade of 3.79 g/t Au was delineated at the end of 2009 drilling campaign over a strike length of 540 metres and to a depth of 314 metres from the surface. The mineralisation is between two and fourteen metres wide (average width 3.56 metres). As in other Main Zone project areas, the mineralisation is hosted in steeply dipping lodes of sericitised and sheared siltstones and greywackes with up to 10 to 15% pyrite, stibnite, tetrahedrite and arsenopyrite Drilling has indicated that the mineralisation is open along strike to the north and down dip.
|
HoleID
|
Year
|
Section
|
|
Drilled From (metres)
|
Drilled To (metres)
|
Length (metres)
|
True width (metres)
|
Au (g/t)
|
|
dh 05
|
2000
|
3550
|
|
97.00
|
100.00
|
3.00
|
3.00
|
2.82
|
|
dh 38
|
2005
|
3680
|
|
43.80
|
56.00
|
12.20
|
10.32
|
2.21
|
|
dh 38
|
2005
|
3680
|
incl
|
43.80
|
47.00
|
3.20
|
2.71
|
3.53
|
|
dh 38
|
2005
|
3680
|
|
62.00
|
67.00
|
5.00
|
4.21
|
2.22
|
|
dh 37
|
2005
|
3760
|
|
84.00
|
90.00
|
6.00
|
5.52
|
2.65
|
|
dh 37
|
2005
|
3760
|
|
100.50
|
114.00
|
13.50
|
13.50
|
3.08
|
|
dh 37
|
2005
|
3760
|
incl
|
106.50
|
109.50
|
3.00
|
3.00
|
8.73
|
|
dh 37
|
2005
|
3760
|
|
132.00
|
139.50
|
7.50
|
6.85
|
4.27
|
|
dh 37
|
2005
|
3760
|
incl
|
132.00
|
136.50
|
4.50
|
4.11
|
5.25
|
|
dh 37
|
2005
|
3760
|
|
147.00
|
150.00
|
3.00
|
2.93
|
2.55
|
|
dh 37
|
2005
|
3760
|
|
165.30
|
168.50
|
3.20
|
3.00
|
2.20
|
|
dh 36
|
2005
|
3840
|
|
0.00
|
2.00
|
2.00
|
1.88
|
4.57
|
|
dh 36
|
2005
|
3840
|
|
86.00
|
90.00
|
4.00
|
3.54
|
3.13
|
|
dh 36
|
2005
|
3840
|
|
158.00
|
162.00
|
4.00
|
3.71
|
2.08
|
|
dh 12
|
2004
|
3920
|
|
41.50
|
50.10
|
8.60
|
4.41
|
3.37
|
|
dh 12
|
2004
|
3920
|
|
160.00
|
164.00
|
4.00
|
1.83
|
3.34
|
|
dh 13
|
2004
|
3920
|
|
73.10
|
79.00
|
5.90
|
3.35
|
2.46
|
|
dh 35
|
2005
|
3920
|
|
19.00
|
29.50
|
10.50
|
6.23
|
3.39
|
|
dh 35
|
2005
|
3920
|
|
78.00
|
82.50
|
4.50
|
4.50
|
2.01
|
|
dh 34
|
2005
|
3980
|
|
52.50
|
56.00
|
3.50
|
2.66
|
4.55
|
|
dh 34
|
2005
|
3980
|
|
61.00
|
67.00
|
6.00
|
3.15
|
4.29
|
|
dh 34
|
2005
|
3980
|
incl
|
64.00
|
67.00
|
3.00
|
1.58
|
6.60
|
|
dh 34
|
2005
|
3980
|
|
73.00
|
76.00
|
3.00
|
1.53
|
3.61
|
|
dh 34
|
2005
|
3980
|
|
97.00
|
106.00
|
9.00
|
5.78
|
2.03
|
|
dh 33
|
2005
|
4080
|
|
37.00
|
41.50
|
4.50
|
4.50
|
6.17
|
|
dh 33
|
2005
|
4080
|
|
114.00
|
117.00
|
3.00
|
3.00
|
3.22
|
Table-5 : M3900 Significant Drill hole intersections.