Commodity: GOLD-POLYMETALIC

Location: SOUTHWESTERN MONGOLIA

Target: EPITHERMAL DEPOSIT

Ownership: 100%

PROJECT SYNOPSIS

During the latter half of 2011 a property wide soil geochemical survey at Altan Nar (Golden Sun) outlined a 3 kilometre by 2 kilometre area with highly anomalous values for gold (up to 1.5 g/t) and lead (up to 2.6%) and associated anomalies for zinc, molybdenum, silver and copper. Follow-up mapping and prospecting confirmed the presence of multiple prospects, containing gold-bearing epithermal-style quartz veins (up to 41 g/t gold in rock sample), within the large soil anomaly at Altan Nar. Geophysical surveys (IP gradient array, IP dipole-dipole and magnetics) outlined anomalies, in some instances over 1 kilometre in length, which are proximal to polymetallic-gold-in-soil anomalies and epithermal veins at surface.

Several factors support the significant exploration potential of the Altan Nar area:

• Drilling has confirmed a wide (up to 125 metres) gold-bearing polymetallic epithermal system along a strike length of greater than 300 metres;
• Drilling has identified steeply-dipping mineralized zones that suggest an increase in gold mineralization at depth;
• Mineralization intersected to date in drilling is open at depth and along strike;
• Multiple gold prospects within the large (3 kilometres by 2 kilometres) regional target, as defined by soil geochemistry, geophysical surveys (IP and magnetics) and prospecting have yet to be drill tested;
• The polymetallic geochemical signature (Au-Ag-Pb-Zn-As-Sb-Mo) coupled with the presence of quartz breccia, comb-quartz and chalcedony veins and stockworks, supports a highly prospective epithermal origin for mineralization.

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