Maangob Porphyry Skarn

Recent exploration assays within the Maangob porphyry skarn system returned higher grade sections of 38m at 1.72% copper (“true width”),and, at 65m along strike, 30m at 0.98% copper (“true width”).

These high grade results are from sampling and mapping of some 850m of underground adits at Maangob porphyry copper-gold deposit and indicate a horizontal true width of mineralization of 105m at 0.52% copper.

Chalcopyrite veining is visible in the massive magnetite skarn within the 38m @ 1.72% copper, with a high of 1m @ 3.9% copper. This Maangob porphyry skarn is identical to the Tagpura porphyry skarn now defined by drilling and sits within the Tagpura-Maangob open pit. It has the potential to provide additional ore feed for the planned 2Mt per annum bacterial heap leach operation.

The Maangob porphyry copper-gold deposit has a historic resource of 39.6 Mt @ . 36% copper, 0.5 g/t gold and 4 g/t silver.