The highly prospective Teren-Sai deposit, adjacent to the Sekisovskoye mine, has the potential to enable us to grow significantly beyond our core asset based at the Sekisovskoye mine with an area of 200 km2.
The Teren-Sai Project is an exploration and development project of Altyn Plc. It is located in the East of Kazakhstan and is adjacent to Altyn's operating Sekisovskoye Mine. Estimated mineral resources are 9 million ounces of gold, as well as 16 million ounces of silver with the possibility of transferring ore reserves into industrial categories after further exploration.
The Subsoil Use Contract for the Teren- Sai Project is held by MMC Altyn MM LLP ("MMC Altyn") a wholly owned subsidiary of Altyn. The Teren- Sai Project was granted Subsoil Use Contract No. 48-40-TPI, effective from 27 May 2016. The Subsoil Use Contract is an Exploration Contract, valid for gold ore, which covers an area of 221.25km2 but excludes an area of 0.56km2, resulting in a total area of 220.69km2. The excluded area forms the boundary for the Subsoil Use Contract for the Sekisovskoye Mine. The contract is valid for a period of 6 years with the option to extend for a further 4 years.
It has the potential to enable us to grow significantly beyond our core asset based at the Sekisovskoye mine with an area of 221 km2. While covering a total of 15 targets, Altyn's initial focus has been solely on Area No.2 in particular two of its four breccia bodies.
The appraisal work carried out in this area, made use of the historic data purchased by the Company and related to core drilling, exploratory trenching and detailed metallurgical test work.
Exploration area of 221km2 around Sekisovskoye deposit
Good infrastructure, roads, and access to existing processing plant
Significant prior exploration and mining (mapping drilling, trenching, sampling)
Historical exploration database contains results from 261 holes of total 95 588 r.m.
19 identified breccia pipe structures
Multiple other mineral deposits including Pb and Cu
15 exploration targets with significant prior works
The Teren-Sai is located close to the Sekisovskoye, northeast of Ust-Kamenogorsk, the regional capital, in the North East Kazakhstan, with excellent local infrastructure to support exploration and production