Kyrgyzstan has many of the largest gold mines in Central Asia.
The property is located on the northern slopes of the Kirghiz Range, in the upper reaches, right components of the Karabulak stream, in the central part of the Bulakashinsky ore fields.
The geological structure of the site includes volcanic rocks represented by andesites and andesite-basalts, their tuffs and clastolavas. Intrusive rocks are represented by gabbro-shonkinites, syenite-diorites and granodiorites, which are separate phases of a single intrusive complex. A characteristic feature of the formations of this complex is their sheet-like, gently sloping occurrence with dip angles from 10° up to 50°, in the enclosing volcanic-sedimentary rocks.
These structures are associated with the formation of mineralized zones and ore bodies of the deposit.
Identified gold and copper mineralization, as well as zones of beresitization and silicification at the Severny site, are confined either directly to granodiorite intrusions, or, more often, their intrusive contacts with host volcanogenic and intrusive rocks.
The beresitization zone width here reaches tens of meters, with a traced length up to 400 m. Among the beresites, the most intense veinlet silicification occurs, bearing disseminated sulfides of copper, lead, iron, and molybdenum.
Keypoints
The gold deposit is actually one large field consisting of several gold deposits and 1 copper deposit. The seller claims to have a high grade of gold (gold content percentage per 1 ton). However, the field is not well developed. All data was collected by Soviet engineers and it seems nothing has been done since that period.
The reserves are qualified as P1 and P2 which, by Canadian or Australian standards, are equal to: Exploration Results, Exploration Targets, Exploration Potential, or in some cases may be classified as Inferred. These are the lowest level of exploration.
Currency: USD
Target Price / Revenue: TBD
Target Price / EBITDA: TBD
