 | | 
| | |
1. Sawayaerdun Gold Project- Kashgar (a.k.a. Kashi), Xinjiang, PRC
Gold
GobiMin owns a 70% equity interest in the Sawayaerdun Gold Project through its wholly owned subsidiary in Xinjiang, China.
Location & Access
The Sawayaerdun Gold Project is located 200 km northwest of the city of Kashi, western Xinjiang, China and lies within the Tian Shan Gold Belt, which is one of the most promising gold belts in China. Gold mineralization is contained within fine-grained clastic metasedimentary rocks of Devonian age. The portion of Zone IV with most drilling works done appears to be the thickest portion of the zone and therefore may represent a flexure or dilation zone within the F3 fault that contains Zone IV.
Click to enlarge Location Map
Geology & Mineralization
Zone IV is contained within the upper member of the Sawayaerdun Formation, trends northeast, crosscuts stratigraphy at low angle, and dips steeply (60 to 80 degrees) to the northwest in conformity with the controlling structures. Mineralization is contained within the F3 fault that forms the contact between the upper Sawayaerdun Formation and the structurally overlying Taertekuli Formation. The controlling structure, and possibly the contained mineralization, continues to the northeast into Kyrgyzstan.
Gold mineralization in Zone IV occurs within the F3 fault. The hostrock is heavily-sheared carbonaceous, sericitic phyllite and interbedded siltstone of the upper member of the Sawayaerdun Formation. Previous exploration, primarily surface trenching, by XBGMR and drilling by Majestic, traced mineralization in this zone for over four kilometers, although mineralization is not continuous over that entire distance. The zone pinches and swells both along strike and down-dip from an apparent minimum thickness of about 15 meters to a maximum of more than 50 meters.
Click to enlarge Geology Map
NI 43-101 Resource Estimate
According to the NI 43-101 technical report prepared by Wardrop a Tetra Tech Company in March 2011 (which can be viewed at www.sedar.com or downloaded below), the estimate of the gold content, at a lower grade threshold of 0.5 grams/tonne, is shown in the table below:
| Classification |
Million
tonnes |
Au
(grams / tonnes) |
Gold contents
tonnes |
Gold contents
(Troy OZ) |
| Indicated |
34.06 |
1.26 |
42.86 |
1,378,015 |
| Inferred |
13.48 |
0.98 |
13.25 |
426,152 |
Forthcoming Plan- GobiMin has been conducting the testing during the drilling programs and will retain a Competent Person for reviewing and updating the resource estimate according to NI 43-101 standards.
- Floatation and metallurgical testing prepared for the commercial production are in progress.
| | | |
