Tengri Resources has received wide gold and copper intersections from each of the first five drill holes in a 2500 metre diamond drilling program at Taldybulak Gold and Copper Project in the Kyrgyz Republic. Results have confirmed that gold and copper grades increase with depth.
One hole targeted deeper potential mineralization of the highly prospective sheeted vein system in the gold-rich core of the deposit. The hole ended in high grade gold of 2.84 grams/tonne and copper of 0.5% at 315.1 metres in depth. It intersected 53.1 metres from 262 metres @ 2.46 grams/tonne gold, 0.31% copper and 85 grams/tonne molybdenum for 2.97 grams/tonne gold equivalent, including a higher grade zone of 22.2 metres @ 3.52 grams/tonne gold and 0.44% copper.
Other results include 220.6 metres from 30.7 metres @ 0.60 grams/tonne gold, 0.20% copper and 144 grams/tonne molybdenum; 97.5 metres from 11 metres @ 0.36 grams/tonne gold, 0.15% copper and 79 grams/tonne molybdenum; 87.4 metres from 123.6 metres @ 0.62 grams/tonne gold, 0.10% copper and 100 grams/tonne molybdenum; 184 metres from 17 metres @ 0.31 grams/tonne gold, 0.29% copper and 157 grams/tonne molybdenum; and 21 metres from 185 metres @ 1.38 grams/tonne gold, 0.11% copper and 33 grams/tonne molybdenum.
Tengri has conducted drilling campaigns in 2014 and 2015 which have delineated a sheeted vein system in the core of the large porphyry gold‐copper deposit. The system hosts significantly higher gold and copper grades than the global Taldybulak resource average.
Tengri’s phase 1 mining plan will consist of mining the upper part of the sheeted vein domain and phase 2 will be the extension of phase 1 incorporating the ore at depth and ore supplied from nearby Andash deposit.
Tengri executive chairman Gary Lewis says, “The intersection of high‐grade mineralization provides further evidence of the effectiveness of our phased development program. Our priority remains completing the scoping study for phase 1 this calendar year.
“Phase 1’s open pit and mid‐level mine and mill throughput will aim to mitigate capital and operating risk, underpin infrastructure and community development and engagement, and provide solid economic returns. Thereafter we will be well placed to execute a seamless expansion to phase 2.
“The mine plan incorporates an expanded open pit mine and increased mill throughput, and the discovery of deeper higher grade gold and copper mineralization presents a potentially viable option for low-cost underground bulk mining to greater depth to access higher grade material.”