An agreement with a private company gives Pacific Vangold Mines (VSE) a 49% interest in the Ikar gold deposit, situated in Tajikistan’s Rushav district.
Vangold must pay US$20,000 and 100,000 shares for the interest.
The Tajikistani government estimates the Ikar resource at 2.8 million tonnes grading 5.6 grams gold per tonne, plus 0.24% copper and 0.13% cobalt.
The deposit dips at 50-80! and has been tested over a strike length of almost 1,500 metres. It also includes more than 10 mineralized zones comprising both stockworks and veins. The mineralized system remains open at depth (having been tested to a depth of 100 metres), as well as on strike.
Pacific Vangold expects to conduct exploration and development work there following meetings with the Tajikistani government in May.
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