After delays caused by permitting- and equipment-related problems, Mongolia Gold Resources (MGR-V) is proceeding with a trenching program on a newly discovered geochemical gold anomaly at its 49%-owned Bumbat project in Mongolia.
The open-ended soil anomaly measures 1,700 metres long and 200 metres wide.
It is defined by 228 samples averaging 4.25 grams gold per tonne. The top 100 samples average 9.9 grams.
The anomaly covers a northwest-striking ridge and its southwestern slope.
Mongolia Gold is digging a 2,000-Metre-long trench into the side of the hill, near the ridge line along the presumed strike. Cross-Trenches 300 metres long will be dug every 400 metres across the strike of the zone. A single cut, 200 metres long, has been ripped into the side of Bumbat-West, which was once known as Naimgan. Nine samples from the broken bedrock were taken at 25-To-30-Metre intervals, and returned gold values up to 11.3 grams.
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