EXPLORATION AND DEVELOPMENT
Exploration and development programme commenced following acquisition in June 2003
Work concentrated on Glavniy Fault where work confirmed evidence of mineralised zone
Grade assay sampling discovering good grades
Total Reserves and Resources now 27+ million ounces
Gold occurs at Tokur in quartz veins cutting Palaeozoic slates and shales, within a thrust-sheet structure. There is apparent secondary enrichment in the oxide zone. Although now closed, Tokur has been mined extensively underground to a depth of 400 m, and has produced 35 tonnes of gold.