Mongolian Resource Corporation hits 11m at 5.6g/t gold at historic Sujigtei mine
Mongolian Resource Corporation (ASX: MUB) has intersected high grade gold from drilling of the first nine holes at the historical Sujigtei Gold Mine Project in Mongolia.
These holes have confirmed that the Main Vein has only partially been mined and retains ore of mineable widths and grades including:
- 11 metres at 5.6 grams per tonne (g/t) gold;
- 2 metres at 11.0 g/t gold; and
- 1 metre at 28.6 g/t gold.
The Sujigtei mine was opened and mined on 7 adit levels to 180 metres depth during the period 1980-1991, and was suddenly closed as the Russians left Mongolia in 1991.
The company is examining the remaining mineralisation on the current workings and targeting further depth extents from the existing workings. These results are being reviewed in light of potential for an open cut type ore body.
The company is encouraged that the local Partisan miners mined widths significantly wider than the 0.4-0.6 metres historical widths shown on the Soviet plans. The Bulk of the Partisan Mining was undertaken in 2009-2010 with processing of high grade ore at a local gravity mill.
The veining at Sujigtei remains open at depth with mineralisation now extended to depths 80 metres below the lowest existing Mine Level.
Given that Centerra Gold Inc.'s (TSE: CG) adjacent Gatsuurt Deposit (1.2 million ounces in reserves) has mineralisation extending for 900 meters below surface, it is expected the mineralisation at Sujigtei will continue to similar depth levels.
A second underground drill rig capable of 500 metres of diamond drilling has arrived in Ulaanbaatar and will be used during the winter season to continue to deeper resource exploration. Surface contract drilling will cease during winter due to water supply constraints.
Blue Eyes Discovery
Five shallow exploration drill holes to a depth of 100 metres were completed on a magnetic high feature 500 metres southeast of the Blue Eyes Mine Site where a large alteration anomaly exists.
These preliminary holes show that a new discovery of gold mineralisation has been identified with the shallow (<30 metres) silica patches showing gold values including 11 metres at 0.51 g/t gold and 2 metres at 1.56 g/t gold.
The company will continue drilling on the prospect with the next hole to target the adjacent high resistivity- high chargeability anomaly. This zone is interpretive to have higher silica content, and potential for more significant direct gold mineralisation.
These holes have confirmed that the Main Vein has only partially been mined and retains ore of mineable widths and grades including:
- 11 metres at 5.6 grams per tonne (g/t) gold;
- 2 metres at 11.0 g/t gold; and
- 1 metre at 28.6 g/t gold.
The Sujigtei mine was opened and mined on 7 adit levels to 180 metres depth during the period 1980-1991, and was suddenly closed as the Russians left Mongolia in 1991.
The company is examining the remaining mineralisation on the current workings and targeting further depth extents from the existing workings. These results are being reviewed in light of potential for an open cut type ore body.
The company is encouraged that the local Partisan miners mined widths significantly wider than the 0.4-0.6 metres historical widths shown on the Soviet plans. The Bulk of the Partisan Mining was undertaken in 2009-2010 with processing of high grade ore at a local gravity mill.
The veining at Sujigtei remains open at depth with mineralisation now extended to depths 80 metres below the lowest existing Mine Level.
Given that Centerra Gold Inc.'s (TSE: CG) adjacent Gatsuurt Deposit (1.2 million ounces in reserves) has mineralisation extending for 900 meters below surface, it is expected the mineralisation at Sujigtei will continue to similar depth levels.
A second underground drill rig capable of 500 metres of diamond drilling has arrived in Ulaanbaatar and will be used during the winter season to continue to deeper resource exploration. Surface contract drilling will cease during winter due to water supply constraints.
Blue Eyes Discovery
Five shallow exploration drill holes to a depth of 100 metres were completed on a magnetic high feature 500 metres southeast of the Blue Eyes Mine Site where a large alteration anomaly exists.
These preliminary holes show that a new discovery of gold mineralisation has been identified with the shallow (<30 metres) silica patches showing gold values including 11 metres at 0.51 g/t gold and 2 metres at 1.56 g/t gold.
The company will continue drilling on the prospect with the next hole to target the adjacent high resistivity- high chargeability anomaly. This zone is interpretive to have higher silica content, and potential for more significant direct gold mineralisation.
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