The Aucu Gold Deposit, Kyrgyz Republic, Central Asia (90%)

April 2016

Figure 1: Native gold panned from outcrop at the Aucu gold deposit

Figure 1: Native gold panned from outcrop at the Aucu gold deposit

Project Highlights

  • JORC compliant inferred gold resource of 1.2 Mt at 4.2 g/t containing 156,000 ounces of gold
  • Three new mineralised zones discovered with exceptionally high average grades ~45+ g/t gold
  • Native gold can be panned from faults at surface and from drill chips at depth
  • Metallurgical average total gold recovery of 99%
  • Average gravity recoverable gold of 88.6%
  • License extended to December 2020
  • 2016 drilling program expected to define:
    • An exploration target (1) of approximately:
    • 1,000,000 to 1,200,000 ounces of gold at average grades of 20-25 g/t gold
    • From trade promotion management system 1-2 million tonnes of ore
    • Capable of supporting a mining operation
    • With low operating costs (sub $USD 500 per ounce)
    • High cash margins and exceptional IRR, short payback
  • Mining license application will be lodged on completion of resource estimate

طلب عمل في شركة Summary

Discovered in in 2014, the high grade Aucu gold deposits has rapidly delivered exceptional growth with the first year of exploration defining a opcje binarne to oszustwo 156,000 ounce JORC compliant inferred  gold resource at come si fa a fare trading online 4.2 g/t starting at surface to 100 metres depth.

In 2015 drilling extended gold mineralisation1.3 kilometres along strike. Multiple drill holes intersected exceptional gold mineralisation that has an average grade of http://blog.halobiz.co.nz/?chebyrek=iq-option-per-windows&4e4=e1 iq option per windows forty five grams per tonne ( الأعمال التجارية بالفوركس 45 g/t gold) over a 500 metre long zone.

Drilling also discovered two new mineralised zones parallel to the JORC gold resource with intervals of 6 metres at iq option otc 38 g/t الخيارات الثنائية وسطاء القائمة السوداء gold (Lower Gold Zone) and 9 metres at binaire opties nadelen 6.8 g/t gold (Camp Gold Zone).

Metallurgical test work on all mineralised intervals drilled to date (182 intervals) has revealed an overall total gold recovery of 99% based on intensive cyanide leaching. Gravity recoverable gold (gold recovered from the gravity concentrate) is also exceptionally high at 88.6%.

The license has just been extended to December 2020 and a major drilling campaign in 2016 is targeted to increase the inferred and indicated resource to banc de swiss binära optioner flashback 1-1.2 million ounces come guadagnare soldi online [1] of gold at high grades essay about crimes from surface and within open pit designs. The Company aims to convert the exploration permit into a mining permit in 2017 or 2018.

365trading meinungen [1]Cautionary Note: The Exploration target of 1-1.2 million ounces of gold refers to a tonnage and grade target of 1.5-2.0 million tonnes at 20-25 g/t. Exploration targets are conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

bdswiss com 2016 Exploration Target

The Company has an exploration target in 2016 of defining utbetalning binära optioner 1-1.2 million ounces consisting for 1.5-2 million tonnes of ore at 20-25 g/t gold from the Eastern extension of the upper gold. The target is derived from a drilling program that tests the existing high grade zone which has an average gold grade of 45 g/t gold.

The drilling program will test an 800 metres long section of this zone down to 200 vertical metres on a 50 metre by 50 metres grid. The close spaced drilling will be sufficient to define a JORC compliant indicated and inferred resource. Further engineering and cost evaluations will enable a preliminary open pit design to be completed. The pit design may enable the conversion of the indicated resource to probable reserves.

Daily binary options signals analysis 10 july 2016 Introduction

Discovered in 2014 based on previous copper exploration in the region that highlighted high gold rock chip values initial trenching identified 7 metres at 30 g/t gold and follow up reverse circulation drilling quickly defined an initial gold resource of 1.2 Million tonnes at 4.2 g/t containing 156,000 ounces of gold.

Drilling in 2015 identified extensive high grade mineralisation including: optiopn binarie 8 metres at 55 g/t gold, köpa Viagra över nätet 4 metres at 60 g/t gold, 6 metres at 38.4 g/t gold and multiple other intersections at similar grades. Mineralisation starts at surface is open along strike at either end and at depth below the drilling.

Location and Infrastructure

The Aucu Gold project is located in the central Asian Kyrgyz Republic 350 kilometres west of the capital Bishkek.

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Figure 2: Regional location map showing Aucu gold project and distribution of gold and copper deposits

The project is accessible by bitumen sealed roads from either Jalalabad to the South or Bishkek to the North.

The local valley has a population of approximately 25,000 people at the southwestern end with isolated small villages to the northeast. The Aucu project is located 25 kilometres for the nearest village in a side valley that is uninhabited and ranges in elevation from 2000 to 3600 metres in elevation.

The region is serviced with 2G telephony and grid power with major mining services available at Taraz to the North and Namagan to the South.

There are several mines in the immediate vicinity including the two recently commissioned gold mine Ishtamberdy (5 Moz) and the Gold and copper mine Bozymchak (1.2 Moz).

License Tenure

The Exploration license has been held since 2006 and has been renewed twice. During December 2015 the Kyrgyz State Agency for Geology and Mineral Resources (SAGMR) issued a five year extension to the Company’s exploration license (AP 590) with an expiry date of 31 December 2020. The license can be converted into a mining license once a minerals resource has been defined.

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Figure 3: Map showing the exploration license outline and location of the Aucu copper-gold discovery 2km to the NNW of the existing copper-gold deposit

Geology and Gold Mineralisation

The Aucu gold deposit is hosted in sandstones, conglomerates and minor granodiorites that flank a series of felsic porphyry intrusions considered to be responsible for both epithermal gold mineralisation and copper porphyry mineralisation. The intrusion of the porphyry into the sedimentary sequence has resulted in tectonic uplift and extensive faulting. As gold bearing fluids flowed away from the central porphyry along faults and shear zones in the sandstones the gold bearing fluids cooled and the gold deposited as native gold associated with quartz veining in the faults and shear zones. Native gold have been extracted for surface outcrops of the quartz veins over an elevation change of 500 metres suggesting that the gold bearing structures will have substantial depth extent.

Drilling, trenching and mapping in 2014 and 2015 identified four major parallel mineralised systems that extend more than 3 kilometres and are unexplored beyond this.

The new mineralised zones are parallel to the existing zones and consist of:

The Upper Gold Zone East, 900 metres East of the UGZ which consists of a 500 metre long zone with drilling results including: 8 metres at 55 g/t gold, 4 metres at 60 g/t gold, 2 metres at 43 g/t gold and multiple other intersections at similar grades. Mineralisation starts at surface is open along strike at either end and at depth below the drilling.

The Eastern Gold Zone (EGZ) that occurs 1.5 kilometres east of the lower gold zone within granodiorite with drilling results including: 3 metres at 6.97 g/t gold, 3 metres at 4.33 g/t gold and an additional 3 metres at 3.56 g/t gold.

The Camp Gold Zone (CGZ) that occurs 400 metres south of the LGZ within sediments with drilling results of 9 metres at 6.83g/t gold The CGZ was initially identified from trenching results of 3 metres at 23.8 g/t gold.

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Figure 4: Subaerial view of the Aucu gold system showing the four mineralised zones and high grade drilling intersections.

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Figure 5: Schematic for the Aucu Deposit showing the four mineralised zones extending below the surface to illustrate the exceptional scale of the mineralised system

Metallurgical Test Work

Preliminary metallurgical test work revealed an average total overall gold recovery of 98.9% from intensive cyanide leaching of both the gravity concentrate and gravity tailings. The total gravity recoverable gold averaged an exceptional 88.6% from intensive cyanide leaching of the gravity concentrate.

The test work was conducted on 182 one metre RC samples which were composited into 69 samples representing each ore intersection from every hole. The samples represent ALL the mineralised intervals sampled from the 2014 and 2015 drill programs.

Further investigation of the test work revealed an average overall gold recovery of 99% for the samples that represent the current JORC Compliant resource (1.2 Million tonnes at 4.2 g/t gold). The above results indicate that all of the JORC Compliant Inferred resource is likely to have very high average recoveries and further, will be amenable to standard processing methods.

2016 Exploration Program

The drilling program will test an 800 metres long section of this zone down to 200 vertical metres on a 50 metre by 50 metres grid. The close spaced drilling will be sufficient to define a JORC compliant indicated and inferred resource. Further engineering and cost evaluations will enable a preliminary open pit design to be completed. The pit design may enable the conversion of the indicated resource to probable reserves

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Figure 6: Interpreted and known mineralised zones (red hatch and dashed lines) at the highly mineralised upper gold zone where previous drilling identified mineralisation over 500 metres of strike with an average grade of 45 g/t. Blue lines are bull dozer tracks.

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Figure 7: Long section view of the highly mineralised Upper Gold Zone showing the 2016 drilling program which may define 1,000,000 ounces of gold from the surface to 200 metres depth

Potential Development Options:

The Company is currently considering development options including an initial 150,000 Oz production rate once the in pit optimised resource reaches 1,000,000 ounces.

Preliminary economic calculations indicate that most of the existing resource can be mined at very high margins via a simple crushing grinding and gravity extraction circuit.

In 2016 the company is collecting metallurgical and geotechnical samples to allow a preliminary evaluation to be conducted on pit wall angles, and gold recovery.

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