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Author Topic: EGX....HUGE GOLD RESERVES
Bigrod40
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Check this out, I just found it, up 25% today as gold fell $4.50. Could be interesting, however do your DD.




A Larger Ore Body than Orig, Soviet-era Data.
Andas-Altyn geologists continued mine site
exploration work during the year.

This enhanced our knowledge of the ore
in the zones mined during the year,
and contributed to the planning of
which zones would be mined in 2004.

These results were registered with
the Kazakh authorities responsible for
monitoring mineral extraction.

Andas-Altyn continues to use the Soviet
C1+C2+P1 classifications
in identifying the resource of the properties
to comply with the requirements of
Kazakh subsoil legislation.

These categories approximate to the measured,
indicated and inferred resource categories
used in North America, as confirmed
by the technical due diligence review
carried out by Canadian consultants
A.C.A. Howe in 1998.

Trenching, boreholes and sampling for assaying
are used to ensure that the ore zones
are being mined efficiently.

The ore zones mined to date continue to indicate
a larger ore body than that indicated
by the original Soviet-era data.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

RESOURCES

The resource potential of the Central Mukur and Myaly
properties is considered to be very high.

The former
Soviet exploration programs located 51 zones of oxide
gold mineralization on the Central Mukur property, and
8 zones of oxide gold mineralization on the Myaly
property.

The oxide gold mineralization on both projects
occur in a moderately dipping
series of parallel thrust faults hosted by siltstones,
sandstones and shales of the Lower
Carboniferous Serpuchovsk formation.

For comparative purposes
the Soviet C1 + C2 + P1 resource categories
are comparable to the measured, indicated,
and inferred resource
classification used in the Western World.

The geological resources contained in all
resource categories (using a 0.3 g/t cutoff)
as outlined by the Soviet exploration programs
for each property are:
Resource Categories (C1 + C2 + P1)

Grade Gold Resource, year 1999:

Property Tonnes (g/t) (Ounces)

Central Mukur 10,267,461 1.84 607,400

Myaly 2,743,179 2.25 198,600

Total 13,010, 640 1.93 Au Ounces: 806,000

Total Au Ounces: 806,000 x $380/oz = $306,280,000.00 Gold Ore Value,,,

The geological resources contained in all
resource categories (using a 0.3 g/t cutoff)
as outlined by
the Soviet exploration programs
for each property are:
Resource Categories (C1 + C2 + P1)

Total Au Ounces, year 1999: 806,000 x $380/oz(POG) = $306,280,000.00
Gold Ore Value Today,,,
http://www.eurasiagold.com/financials/Eurasia1999AR.pdf



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