South Kyrgyz Gold Project
Manas has a total resource base of 1.25Moz of gold in two mineralised zones only 7km apart.
The high-grade Shambesai gold deposit currently contains 766,000 ounces of gold while Obdilla consists of just under 500,000 ounces.
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At Shambesai we have shallow high-grade oxide portion of the Mineral Resource which occurs from surface totalling approximately 300,000 ounces with an average grade of 3.6 g/t gold from a total resource of 460,000 ounces of gold at 2.2 g/t gold. A definitive feasibility study released in April 2012 confirmed Shambesai as a low‐cost, high‐margin gold leach project that is a technically simple, low‐risk operation which can be commissioned in a relatively short time frame for a very low capital cost.
We also have an ongoing exploration program throughout the entire project area with more than 50 prospects being outlined for exploration. Eight prospects are considered high priority and are ready for drilling.
We own 100 per cent of all our projects on the South Kyrgyz Gold Project.
We have more than 30 technical staff operating in the Kyrgyz Republic.
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Summary of Mineral Resource Estimates Reported according to JORC Category and Deposit |
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Deposit |
Indicated Category |
Inferred Category |
Total |
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|
Tonnes Mt |
Grade g/t |
Ounces |
Tonnes Mt |
Grade g/t |
Ounces |
Tonnes Mt |
Grade g/t |
Ounces |
|
|
Shambesai |
5.3 |
2.4 |
411,000 |
6.3 |
1.8 |
355,000 |
11.6 |
2.1 |
766,000 |
|
Obdilla |
6.3 |
1.8 |
353,000 |
2.9 |
1.4 |
132,000 |
9.2 |
1.6 |
485,000 |
|
Total |
11.6 |
2.1 |
764,000 |
9.2 |
1.7 |
487,000 |
20.8 |
1.9 |
1,251,000 |