 Acquisition Policy |
 Structure_Projects |
Projects
 NI 43-101 Report |
 Mongolia Investment Report |
CIC Gold owns 80% of Gobi Minerals which owns 100% of the mineral lease Altan Tobchi located in the highly prospective Southern Gobi, Mongolia. The area contains some of the worlds leading Gold, Copper and Molybdenum deposits.
| Key Facts | |
| Location | Southern Gobi, Mongolia |
| Future Mine Type | Open pit & underground |
| Minerals | Gold Copper Molybdenum |
| Deposit Types | Copper- Porphyry High-sulphidation Copper-Gold |
| Ownership | 80% (CIC Gold) |
| Lease area | 478 square km |
| Exploration Summery | |
| Detailed geological mapping & extensive rock-chip grab sampling | |
| Rock chip sampling | 931 rock chip samples & assays |
| Stream sediment sampling | 41 stream sediment samples and assays |
| Detail mapping | 25 square Km geological mapping Maanit Ovoo area |
| Ground Magnetics | 71 square Km (100 metre line spacing) Maanit Ovoo area |
| Dip-Dipole IP | 16 square Km detailed 3D IP survey |
| Gradient Array IP | 423.7 square Km (100 metre line spacing) |
| Diamond drilling | 5 deep diamond drill holes 7,032 meters |
| Geology & Mineralisation |
The South Gobi region hosts a wide range of gold, copper-gold and copper-molybdenum deposits. The Gobi Mineral lease, copper–gold porphyry deposits are situated in a poorly exposed inlier of Devonian mafic to intermediate volcanic, volcaniclastic, and sedimentary rocks that have been intruded by Devonian to Permian felsic plutons. These rocks are unconformably overlain by poorly consolidated Cretaceous sedimentary rocks and younger unconsolidated sedimentary deposits. |
| Adjacent Properties |
Tsagaan Suvarga lease owned by Mongolia Alt Corporation is ranked 11th most strategic mineral asset by the Mongolian Government. The Tsagaan Suvarga open pit commenced stripping in 2012. Â Mongolia Alt Corporation has secured with the European Bank for Reconstruction & Development (EBRD) corporate loan of US$350,000,000 to finance the construction of the project and a US$100,000,000 stand by facility. The Project is expected to cost US$869 million. Oyu Tolgoi, world leading Copper Gold project is also located in the region. |