Georgian Exploration

georgian-explorationThe Company has 50% ownership of licences covering 861 sq km in Georgia. Significant historical exploration has been undertaken across the tenure and the company has identified an opportunity to apply modern exploration techniques and tools over targets that were last investigated up to 80 years ago or mined as far back as the 1700’s. Previous work has amassed up to 70 years of data which contains information that has never been used to its full potential. Historic Soviet led exploration was unable to follow up on obvious targets. These targets include:

Dambludka

Covering an area of 2km by 1km, Dambludka is a base and precious metal project located 8Km SW of the Madneuli mine. A structurally controlled, east west trending swarm of vein style mineralisation is hosted within Mid Jurassic carbonate sediments and diorite and syenite intrusives. Previous works included mining during the 1700’s and adit development during later exploration programmes. The historical records show several +100g/t Au rock samples and work has recently started to compile the existing data and follow up with field sampling programmes to identify the potential for a bulk tonnage target.

Khrami

The Khrami area is located 30km to NE of the Madneuli mine and the project area is accessible by a combination of sealed and dirt tracks. The Khrami Project is underlain by Paleozoic basement rocks and prospective for gold and copper mineralisation. The area is underexplored and there is little historical data. A soil sampling programme in the nineties defined a large 10km long copper anomaly flanked by anomalous gold samples. Follow up work by the company has identified a number of historical adits in the zone of the gold anomalies.