|Name of the project||Bayan-Uul Gold Core Mine|
|Location||Buren Soum, Delgerkhaan, Tuv aimag|
|Current situation of the deposit||
Millinium Storm LLC presently has exploration license. Conducted exploration works were conducted in 2001 to 2003 at the sites of “Universal Minerals” LLC. Bayanuul site of the Canadian “Ivanhoe Mines Mongol” LLC conducted exploration works during 2003 to 2005. Exploration work is now done.
It is necessary to conduct further exploration work at the mineralized zone 2 to 7 in order to find core gold mine and copper and molybdenum rich porphyries at the depth of the deposit.
|Type of Minerals||Gold|
|Ore body description||Bayan-Uul core gold mine site consists of mineralized zone number 1, 2 and 3. Currently ore bodies with identified reserve amount are ore body numbers 1 and 2, which are located in the mineralized zone number 1. Central, interval and northwest section of the 1st ore body of the mineralized zone number 1 of Bayan-Uul deposit and second ore body strikes over 1 km and the ore body is 6 to 15 m thick. The widest sections in the center of the zone, the thickness reaches 170 m.|
|Deposit reserve||Seven (7) mineralized zones in the Bayan-Uul deposit were located. A reserve evaluation was conducted in the Central and Northwest section of 1st ore body of 1st mineralized zone as well as 2nd mineralized zone. The proven and probable reserve amount in the 1st ore body is 24.29 tons of gold, while 5.3 tons of gold reserve. The average gold content in remaining areas of the deposit is 0.28 g/ton.|
|Owner||Millinium Storm LLC
Has 100 percent of foreign investment from Virgin Islands.
Golden Spring management limited