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1. Sawayaerdun Gold Project- Kashgar (a.k.a. Kashi), Xinjiang, PRC
Gold
Location & Access
The Sawayaerdun Project is located 200 km northwest of the city of Kashgar, western Xinjiang, China. The property is centered at about 40º 04' 19" North Latitude and 74º 16' 30" East Longitude. The Sawayaerdun Project lies within the Tian Shan Gold Belt, one of the most promising gold belts in China. The Exploration Right and Mining Right are registered under the name of Xinjiang Tongyuan Minerals Ltd., a joint venture in which GobiMin holds a 70% equity interest, and they cover an area of 34.07km2 and 1.7048 km2.
The property is easily accessible via a paved road from Kashgar to the village of Wulukeqiati and a 38-km sandstone road from Wulukeqiati to the property. Adequate water supply from Sawayaerdun River is available to the property area. The 110kV power network is expected to be extended by the local government to the property area in 2010.
Geology & Mineralization
Gold mineralization at Sawayaerdun Project is hosted mainly in late-Carboniferous psammitic rocks that are in fault contact with Devonian carbonates. Sheared structures hosting mineralization are northeast trending and dip steeply to the northwest.
During 2004 and 2005, exploration work carried out included trench sampling and core drilling over a 2,000 meter strike length of this zone. Thirty-two (32) trenches with an aggregate length of about 1,200 meters were excavated, and 46 holes with an aggregate length of about 8,840 meters, were drilled to test the zone to depths of between 100 and 300 meters below surface.
In 2006, 4 diamond drill holes, totaling 1,120 meters were conducted to test the northern and southern extensions of the 2,000 meter portion of Zone IV that was drilled in 2004 and 2005.
Of the 22 known areas of mineralization, Zone IV has been most intensively explored and recognized as the most substantial mineralization. A Chinese resource estimate† in the northern part (at elevations of 3,375 meters and above) of Zone IV has been completed in 2009 by Brigade No. 2. At a cut-off of 1.5 grams per tonne, the estimate reports that Zone IV may contain a potential mineralization in Category 333 under Chinese Standard of approximately four million tonnes with an approximate average gold grade of 2.5 g/t.
†Note: This estimate calculated under Chinese Standards is not compliant with NI 43-101 standards and should therefore not be relied upon. The potential quantity and grade stated from this estimate is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain whether further exploration will result in the target being delineated as a mineral resource.
Forthcoming Plan
- Conduct an NI 43-101 compliant mineral resource estimate.
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