PROJECTS

The Dalnee Gold Project covers exploration licence 4238-EL. This is the first tenement that Barys has in Kazakhstan, with the tenement covering 165km2 in the North Balkhash region of Kazakhstan (Figure 1) and was selected following a large-scale gold reconnaissance programme in the country over the past six months. The tenement covers volcanic rocks, intrusive rocks and major structures considered favourable for epithermal gold mineralisation. There are operating gold mines within 50 kilometres of the tenement, and the region is well known for hosting high level epithermal gold deposits.

Kazakhstan is a resource rich country with a long history of gold and copper mining. It is also the world leader in uranium production and a substantial oil and gas producer. The mining code in the country was based on the Western Australian mining code, and the country is welcoming foreign investment.

Geologically Kazakhstan has some of the best potential gold regions which have seen little modern-day exploration since the collapse of the Soviet Union in 1991. During the Soviet times, the country had collected a large amount of geological information, which form the basis for our current targeting. The advances in geological modelling, combined with advances in geophysics and other geological disciplines in the past thirty-five years have been used by Barys for area selection along favourable geological terrains.

The Barys technical team has many years of experience in the style of mineralisation, and our regional reconnaissance work and the gathering of a very large geological data base puts the Company in a good position for future gold discoveries.