pgr18 Jul 2014 00:58
The Cholokkaindy Licence
Premier Gold owns an 80 per cent. stake in the Cholokkaindy licence with its local partner owning the remaining 20 per cent.
The Cholokkaindy licence covers an area of 3,200 hectares (32 km2) and is located about 20 kilometres south of Kara Balta and 80 kilometres west-southwest of Bishkek. Premier Gold is assessing the prospectivity of the Cholokkaindy licence through soil geochemistry, geophysics, trenching, prospecting and geological mapping and using this data to define quality targets ready for drill testing.
This approach has already proved successful. Initially, the four exploration prospects, based on historical work and topography, were Talbaital, Jarkonush, Aksai and Torsai. However, mapping and sampling by Premier Gold in 2012 initiated a reassessment of the mineralisation styles and, as a result, it became more accurate to refer to ‘mineralised trends’ rather than topographically defined exploration prospects.
Accordingly, two mineralised trends have been identified:
The Talbaital – Jarkonush trend is a minimum of four kilometres long and up to 750 metres wide. It is well defined by numerous gold in soil geochemical anomalies supported by series of mineralised zones seen in trenches and outcrop trending north-west to south-east in the southern part and swinging into a more north to south orientation in its northern part. This evidence all indicates multiple mineralised structural zones within the Talbaital – Jarkonush trend.
The Aksai – Torsai trend is parallel to the Talbaital – Jarkonush trend and there are extensive gold in soil anomalies and gold in outcrops which support this interpretation. The Aksai – Torsai trend is now considered a minimum of two kilometres in length and up to 750 metres wide.
Taken together, both trends highlight the potential for a large mineralising system in the licence.