retrac..even if im wrong with Kuru-Tegerek..surely we are worth more than current prices with the Soltyn-Sary project under our belt. This bit of information below can't be mixed up.
"The Solton-Sary deposit is located in 355 km from Bishkek city in the Naryn oblast at the northern flank of the Kapka-Tash ridge at the absolute heights of 3500-3600 m above sea level. A distance to the Balykchy railway station is 175 km, to the Bishkek - Torugart rout is 82 km.
The deposit consists of 3 areas - Buchuk, Ak-Tash, Altyn-Tor. Total probable reserves at the deposit are about 20 t.
Infrastructure of the enterprise:
Altyntor open pit, gold reserves within the open pit comprise 2,9 t. Processing plant (production is 100 ths tpa) Subsidiary buildings and constructions
In 1992 the exploration works at the Altyntor area was carried out by the Issyk-Kul complex exploration expedition. An experimental operation was commenced in 1994 and continues up to date.
Balance gold reserves (c1+c2) of the Altyntor area were evaluated by Territorial Reserves Committee of the Kyrgyz Republic in 2005 and comprise 6,97 t of gold with average grade of 3,48 g/t in the amount of 2981.1 kg of gold.
In 1997 mining at the Altyntor area was ceased and the Altyntor open pit was put on care and maintenance due to the inexpediency of mining in conditions of a continuous gold price fall and low throughout metal recovery. The open pit was closed but the processing plant of the Solton-Sary mine continued to operate on cleaning of gravity tailings. The recovery of gold reached a maximum level at gravity limits by 2001.
The Altyntor open pit was suspended from 1997 to the beginning of 2003. Gold price advance and improvement of indices on recovery conduce to recommence the mining at the Altyn-Tor area.
The processing of ore is carried out at the plant on the gravity concentration technology with application of the "Knelson" concentrates. Upgrading of the concentrate is carried out at the shaking tables. The main production is a gravity concentrate with grade of 2-2,5 kg Au per t. Extraction of gold to the gravity concentrate is 73-75%. The gravity concentrate is shipped to another enterprise for the extraction of gold. The extraction of gold to the gravity concentrate is 99%. Annually there is produced more than 100 t of the precious metal. Technology of the extraction of gold to the gravity concentrate excludes an application of chemical reagents and is environmentally safe. "
http://www.kyrgyzaltyn.kg/solton_sary_en
NRU Price at posting:
9.7¢ Sentiment: LT Buy Disclosure: Held
