Goldbelt drilling in Kazakhstan

In central Kazakhstan, Goldbelt Resources (GDB-V) has started drilling on the Kakbit massive sulphide and Ozemy copper porphyry targets.

The Kakbit, wholly owned by Goldbelt, is 20 km southeast of the company’s Abyz joint venture. A geochemical and geophysical anomaly in altered Devonian volcanic rocks, the target measures 3 by 0.5 km.

Previous work on the anomaly included a trench containing 7.3 metres of gossanous rock averaging 0.055 gram gold and 127.5 grams silver per tonne, plus 0.3% copper, 0.88% zinc and 5.77% lead.

The Ozemy porphyry, 15 km east of the town of Karagaily, contains an estimated 140 million tonnes grading 0.39% copper. It was last drilled in the 1970s.

Goldbelt’s first drill hole encountered 40 metres of oxide and sulphide mineralization below 52 metres. The company hopes to confirm the grade and tonnage of the leachable copper, and is evaluating the deposit for its gold potential. Results from the first hole are expected soon.

Meanwhile, Goldbelt has identified 179 prospects, deposits and mines on its Mykubinskoe licence area, also in central Kazakhstan.

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