Goldbelt Resources (GDB-V) has discovered a porphyry copper-gold deposit at its Berezky Central prospect in northeastern Kazakstan.
The discovery was made following a 2,100-metre, 11-hole drill program on a geochemical anomaly measuring 1 sq. km. Six of the holes intercepted porphyry mineralization, which remains open in three directions.
The prospect occupies the southwestern end of a large, fault-bounded alteration zone measuring 1.5 by 7 km.
Goldbelt drilled two parallel lines of holes 400 metres apart. Hole B5 was drilled north of the northernmost line of high-grade mineralization, and returned 209 metres (from 13 to 222 metres) grading 0.37% copper, 0.03% molybdenum and 0.28 gram gold per tonne, including 74 metres grading 0.78% copper, 0.06% moly and 0.5 gram gold.
>From the northern line, hole B1 returned 208 metres (from 14 to 222 metres) of 0.29% copper and 0.3 gram gold, including 66 metres of 0.46% copper and 0.53 gram gold. Three additional holes intercepted mineralized intervals of more than 100 metres grading 0.1% copper.
“We may well have drilled into only the edge of a large porphyry system,” says Paul Morgan, Goldbelt’s president. He adds that the alteration and coincident geochemical anomalies continue to the northeast for 6 km.
The company has budgeted US$2 million for continued exploration of Berezky Central and other targets in its two 80%-owned exploration licences in Kazakstan.
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