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Baruun Tal Copper Project

EXPLORATION WORK PROGRAM ON BARUUN TAL COPPER PROJECT

Mapping and Geochemistry

Ground Magnetics

IP Survey

Target Refining

Drilling

BARUUN TAL COPPER PROJECT

  • Located in the World Class South Gobi Copper Province
  • Well positioned near the large mines such as Tavan Tolgoi & Oyu Tolgoi
  • Close to South Gobi infrastructure (road, railway, power plant etc.) and the Chinese border
  • Baruun Tal covers an area of approximately 150 km²

EXPLORATION HISTORY

Previous exploration program included:

  • 1,142 soil samples
  • 2,455 rock-chip samples
  • 7,625 m of trenching with 3149 trench samples
  • 100 rock-chip channel samples
  • Ground magnetic survey in 115.34 km2 area
  • Quick bird image acquisition
  • Geological mapping.

ROCK CHIP SAMPLING RESULTS

Rock chip sample highlight:

  • Rock chip sample highlight:
  • Highest copper grade 14.5 % Copper
  • Highest gold grade @16.9 g/t Gold
  • 90 samples returned with greater than 1% Copper

BARUUN TAL – TSAGAAN KHAD DISCOVERY

  • Highest rock chip sample result – 2.72 % Copper
  • Highest trench intercept 22m @ 0.81% Copper