From Caspian oil & gas 2011 financial report (cig)page...

From Caspian oil & gas 2011 financial report (cig)page nine




Mansounia is a large-tonnage, low-grade gold deposit with a near-surface sheet-like saprock resource. There is
potential for additional low grade gold resources within the licence area within three separate targets and for higher
grade resources at Mansounia within narrower, steeply dipping, feeder structures.
Burey (www.bureygold.com) can earn an interest in Caspian’s Mansounia project by completing a feasibility study
with at least a 200,000 oz gold reserve, at which time Caspian’s equity would reduce to 8% and Caspian would be
entitled to a US$500,000 cash payment.
Burey announced a maiden resource on the Mansounia gold project in May 2009, applying different cut-off grades.
At a 0.7g/t Au cut-off, the gold resource is 437,000 oz at 1.0g/t Au (67,000 oz Indicated and 370,000 oz Inferred).
At a 0.4g/t Au cut-off the resource is 830,000 oz at 0.7g/t Au (132,000 oz Indicated and 698,000 oz Inferred).


Burey has undertaken an extensive drilling program to follow up on open ended higher grade gold mineralisation and
to infill and upgrade the existing Inferred gold resources. Results are pending at the date of this report.
Given the current attractive gold price, it is expected that Burey will undertake a scoping study if the recent drilling
program returns positive results. Mansounia is located 2km south of the operating Kiniero Gold Mine.

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