Page 12 of 29 OF THE "Newera to Acquire Significant Gold Assets" announcement has a clear diagram showing that the Kuru and Sulu placer deposits are in fact the Kuru-Tegerek and Sulu-Tegerek deposits that I previously wrote about. I missed it because I did a search on tegerek within the announcement but it doesn't pick up anything written from an image. See image below. Dont know how I missed it.
I believe these deposits were previously owned by EXM (A TSX listed company..as I found the info from their site. It is a must read for all holders.
"In addition to the Kuru Tegerek deposit, a number of copper-gold occurrences in the region are described in the Soviet exploration reports dating from the 1960's to 1981. As the Kuru Tegerek exploration license has very recently been acquired by the Company, the Soviet sampling and mapping results have not yet been independently confirmed by the Company. However, the Company reasonably assumes that the Soviet results are representative of the extent and tenor of mineralization. Some of the mineralized prospects described from Soviet exploration reports (P. Paseka and others, 1981, "Report on results of preliminary exploration of Kuru Tegerek coppergold deposit", unpublished government document; V. Menchikov and others, 1983, "Report on resource evaluation works at Kuru Tegerek 1 and Sulu Tegerek", unpublished government document) are summarized below:
The Kuru Tegerek 1, Kuru Tegerek 2 and Kuru Tegerek 3 copper-gold skarn prospects are located approximately 0.7 to 2 kilometers north of the Kuru Tegerek copper-gold deposit. The Kuru Tegerek 1 gold-copper mineralized zone is reported to have a strike length of 1850 meters and an average thickness of 11.9 meters. The average copper grade is 0.63% and the average gold grade is 0.3 g/t, as determined by drill holes, underground samples, and surface workings The Kuru Tegerek 2 and 3 occurrences are insufficiently explored to report the grade or extent of mineralization, but appear to have similar characteristics to the Kuru Tegerek 1 prospect.
Sulu Tegerek 1 and Sulu Tegerek 2 are copper-gold skarn prospects located approximately 3.7 - 4.5 kilometers east-northeast of the Kuru Tegerek gold-copper deposit. The mineralized zone at Sulu-Tegerek 1 was exposed by trenching along a 190 meter strike length and has an average thickness of 11 meters. The average copper grade is 1.4% and the average gold grade is 1.0 g/t. The Sulu Tegerek 2 prospect is characterized by gold-copper mineralization hosted by a folded marble unit that is cut by dikes and apophyses of quartz diorite. One of the best mineralized zones extends for 180 meters along strike and is 4.7 meters thick. The copper grade varies between 0.47% and 2.58%, and the gold content varies between 0.8 g/t to 4.7 g/t."
I have gone to their website and they dont own this prospect anymore which is what I would of thought since Posit resources appear to have control of it. I also went through EMX's past announcements and I dont believe they did much work on this prospect at all. Maybe kicking themself now as GOLD price has rocketed?
NRU Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
