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Argalant Gold Project
Project Highlights
- Voyager has acquired 100% of the Argalant Gold Project.
- Argalant is located within a similar geological setting to the nearby Golden Hills Gold-Copper Project that hosts a combined resource of 1.1 million ounces of gold, 7.4 million ounces of silver and 323,000 tonnes of copper.
- A three hole exploration drilling programme conducted in late 2005 returned encouraging results before being abandoned due to technical difficulties, results included:
- 49.3m at 0.50% copper from 23.7m (ARDH2005-03)
- 1.1m at 1.3g/t gold and 3.27% copper (ARDH2005-01)
- 3.0m at 0.70g/t gold & 0.84% copper (ARDH2005-01)
- Historic rock chip sampling has returned up to 191g/t gold and 10.3% copper.
- Large licence package of approximately 2,500 km2 applied for in surrounding area that has reported gold, copper and silver mineralisation in reconnaissance exploration.
Project Overview
The Argalant Gold Project is located approximately 900km west of the Mongolian Capital, Ulaanbaatar. The property is 21 square kilometres in size and is located in a similar geological setting to the nearby Golden Hills Gold-Copper Project (Figure 1). Golden Hills comprises massive sulphide bodies occurring within a favourable stratigraphical unit spanning more than 30 km in length that can be seen to host shallow portions of oxidised massive sulphide bodies that are gold rich. Golden Hills currently has a defined 43-101 compliant measured and indicated resource of 431,750 ounces of gold, 3,901,496 ounces of silver and 186,422 tonnes of copper and an inferred resource of 711,321 ounces of gold, 3,497, 955 ounces of silver and 136,629 tonnes of copper for a combined resource totalling 1.1 million ounces of gold, 7.4 million ounces of silver and 323,000 tonnes of copper.
The Argalant property lies within this favourable stratigraphy and comprises three prospects namely Ovoot, Gozgor and Tsohiot where mineralisation has been identified to date.
The Ovoot Prospect
The Ovoot Prospect comprises multiple high grade copper-gold occurrences consisting of fractures with malachite and azurite staining in andesite and a skarn altered gabbro. Quartz sulphide veins with significant values of copper and gold are also present. Historic small scale mining has been undertaken with numerous historical pits partially tracing the mineralization.
The Ovoot prospect has undergone soil sampling and rock chip sampling which has returned up to 11.2g/t gold and 10.3% copper. Geophysical surveys including induced polarisation and ground magnetics have also been completed. Two diamond core drill holes were completed at Ovoot prior to drilling being abandoned due to the early onset of winter and the freezing of the water supply, which forced the second hole (ARDH2005-03) to be abandoned at 76.7 metres. Drilling returned encouraging results including:
- 49.3m at 0.50% copper from 23.7m (ARDH2005-03)
- 1.1m at 1.3g/t gold and 3.27% copper (ARDH2005-01)
- 3.0m at 0.70g/t gold and 0.84% copper (ARDH2005-01)
The Gozgor Prospect
The Gozgor Prospect is located approximately 1,000 meters north west of the Ovoot Prospect and comprises several north east trending gold and copper mineralized quartz veins (in granite) that have been identified over a strike length of approximately 1,800 meters, varying in width of between 0.5 and 1.5 metres.
Sampling of the veins has returned spectacular gold values of up to 191g/t gold, with the veins often being obscured by extensive overburden, comprising of wind blown sand over much of the prospect area. Quartz veining and quartz stockworks have been noted to occur along strike, giving the vein an estimated 800 metres of strike length which has returned anomalous gold values.
One diamond core drill hole (ARDH-2005-02) was completed for 128 metres in 2005 targeting the high grade Gozgor gold showing. The assay results of the drilling included 0.778g/t gold over 1.95 meters. The previous operator of the tenement interpreted that the drill hole did not intersect the targeted vein at depth. Further drilling is required to test the full extent and structure of the veins.
The Tsohiot Prospect
The Tsohiot Prospect is located two kilometres south of Gozgor Prospect. Tsohoit comprises a gossanous outcrop that is extensively covered by alluvial sands and overburden. Induced Polarisation (IP) and ground magnetic surveys have been conducted over the area and a co-incidental magnetic and IP chargeability anomaly has been identified. The area has reported gold in rock chip samples of up to 63g/t gold.
Table 1 – Significant Intercepts 2005 Diamond Drilling
(Please click above to see a larger image)
Ground Acquisition
In addition to the acquisition of the Argalant Project, Voyager Resources has applied for a large holding of prospective ground (Figure 1) covering favourable structural and geological conditions in the vicinity of Argalant and the Golden Hills Gold-Copper Project. The acquisition of these licences provide Voyager with a dominant land position in a potentially world class VMS province.
The applied for ground includes currently known gold and copper occurrences that warrant further exploration, including rock chip sampling that has returned:
- 15g/t gold and 1.63% copper at Alag Nuram Uul
- 20g/t gold and 30g/t silver at Burkheer Khar Uul
Figure 1 – Argalant Project and surrounding Licence Applications
(Please click above to see a larger image)
