> Khuvyn Khar

Commodity: COPPER-SILVER

Location: SOUTHWESTERN MONGOLIA, 2.2KM NORTHWEST OF ZUUN MOD

Target: PORPHYRY DEPOSIT

Ownership: 100% (JOINT VENTURE WITH TECK RESOURCES)


 

PROJECT SYNOPSIS

As part of a recent exploratory drilling program at Zuun Mod, the Company completed a preliminary drill program and a deep penetrating (700 metres) induced polarization geophysical survey over a target area referred to as Khuvyn Khar (Black Cirque), located approximately 2.2 kilometres northwest of Zuun Mod. A total of six vertical holes were drilled over a 1.2 kilometre strike length in late 2010 and early 2011 targeting geophysical and geochemical anomalies in the Khuvyn Khar area. The original discovery hole (ZMD-121) is located at the north western end of the target area. Geophysical results have indicated that ZMD-121, which returned 1.34% copper and 9.24g/t silver over 34 metres (including 10 metres of 3.1% copper and 22.2 g/t silver), intersected a chargeability anomaly which intensifies to the south and at depth where the zone remains open. New drilling results confirmed a broad zone of low grade copper mineralization with continuity over the eastern half (600 metres) of the target area which is open to the south. The eastern most hole, ZMD-128, returned multiple zones of greater than 0.2% copper, most significantly 42 metres of 0.21% copper within a broad zone of anomalous copper mineralization from 24 metres to 302 metres grading 0.13% copper. ZMD-127, located between ZMD-121 and ZMD-128, returned a similar thickness of highly anomalous copper from 4 to 302 metres averaging 0.12% copper. Follow-up drilling at Khuvyn Khar will target the chargeability anomaly to the south of ZMD-121.

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