Tengri Resources, an AIM-listed company 87% owned by ASX-listed Robust Resources, has commenced a 12-hole, 2000 metres diamond drilling program at the Taldybulak Gold-Copper Project in the Talas exploration licence. The program began following the signing of a 2-year access agreement with the local Talas community.
Taldybulak is believed to be one of the largest and most promising copper-gold deposits in the Kyrgyz Republic and is therefore an important mid to long term growth development opportunity. It hosts an indicated 116.5 million tonnes for 2.3 million ounces of gold and 488 million pounds of copper, and 336.2 million inferred tonnes for 4.5 million gold ounces and 1.178 billion copper pounds.
These resources have been estimated by Goldfields Ltd under the South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (SAMREC).
The drilling program is targeting a previously identified near-surface, sheeted vein system, which is a higher grade gold domain within the deposit. The aim of the program is to delineate a low tonnage, high-grade deposit amenable to a low-CAPEX mining operation which could benefit from potential development of Tengri’s Andash project and other n nearby Talas Valley projects.
The securing of the community access agreement is a significant milestone for Tengri and is the result of extensive consultation with the Aral Village Rural Council. As part of that agreement, Tengri will establish a social development fund aimed at improving the standard of living and skill sets of the Aral community.
Tengri’s executive director Gary Lewis says, “The Taldybulak deposit is a very exciting asset for Tengri as we work to unlock the development potential of the broader Talas region. Tengri will continue to prioritize investing in exploration during the summer period with drilling campaigns under way at the 17,986 Bashkol project and now Taldybulak. Collectively, the 4000 metres of drilling should unlock additional value at both projects.
“We are also continuing to assess other development opportunities, both across the company’s project portfolio and more broadly within Central Asia.”
Tengri’s most advanced project is Andash which has JORC-compliant resources of 682,000 ounces of gold and 170 million pounds of copper. The Bashkol project is 60km along strike from the producing Kumtor Gold Project of Centerra Mining.