Gold Placer 5

General Information

  • Private company engaged in exploration, mining and preparation of ore and precious metals in Kazakhstan.
  • Subsoil use contract holder for exploration and following mining in South - Eastern region of Kazakhstan.
  • The licenced territory covers an area is 1687 sq. km.

Exploration & production works

  • Current intensive geological exploration program resulted in discovery of two new sites.
  • The sites’ reserves are estimated at 300-400 kg of gold
  • By the end of the 2010 exploration program the company expects to increase the reserves of those sites up to 1,000 kg of gold.
  • It is planned to produce approximately 90 kg of gold per year as gold sand and concentrate (with gold grade up to 500 gpt); gold extraction efficiency exceeds 90%.
 

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