Stacked Gold Bars
ICO.ASIA is currently representing two AU Gold producing polymetallic mines. Neither of these mines is currently in operation, but both were operating during the Soviet era.
Interested parties are directed to follow our bond procedures to obtain details other than those listed here. Brokers and intermediaries take note – information other than that posted here will not be released to parties who have not followed our procedures.
Zhartas Polymetallic Deposit – $30,000,000.00 USD:
The Zhartas Polymetallic Deposit consists of Gold, Lead, Silver, and Zinc, covering an area of 70 square kilometers (7,000 hectares; 17,300 acres), with a currently tested average gold concentration of 5 grams per metric ton of ore. At present it is an open pit mine, with over 250,000 tons of ore extracted and ready for processing.
Based on the Company’s current research, it is believed that the Zhartas Polymetallic Deposit has recoverable metals valued in excess of One Billion Dollars ($1,000,000,000.00 USD). Currently there are more than 850,000 square meters of ore confirmed to a depth of 30 meters (25,500,000 cubic meters of ore), with additional drilling conducted from 30 meters and 300 meters, to a maximum depth of 430 meters (none of which exited the ore veins).
As the primary mineralization exists in these three erosional windows, there is reason to believe these volcanic necks may be connected (some bearing in excess of 90g Au per ton of ore).
Mineral values are estimated as follows according to preliminary testing and reporting by Wardell-Armstrong, provided in Grams per Ton, in categories of Minimum, Maximum, and Mean (much greater quantities are expected as the mine moves towards JORC classification):
- Au: Min 0.5 / Max 90.0 / Mean 5.0
- Ag: Min 0.5 / Max 120.0 / Mean 20.0
- Cu: Min 0.02 / Max 0.12 / Mean 0.6
- Pb: Min 0.3 / Max 0.8 / Mean 0.5
- Zn: Min 0.06 / Max 2.5 / Mean 1.2
There is a 30% ownership share of the mine currently for sale at an asking price of $30,000,000.00 USD, which is not inclusive of additional investments that may be required for development purposes.
There are two production lines planned, each having a capacity of 500 kilograms per year for a total of 1 metric ton per year, but with the introduction of modern open pit mining techniques, this production could be significantly increased.
Additional information on this mine is only available through sealed bid, as the principles do not wish to publicly disclose details of the mine or ownership at this time. Current estimated profit on the initial investment of $30,000,000.00 is supported by existing documentation (including a full Wardell-Armstrong report), and is as follows:
- Gross Investor Profit – $300,000,000.00 USD
Currently the following Investor Prospectus is available in English (350KB).
If you are interested in this opportunity, or would like to see samples or translations of our documentation and certificates on the mine, please contact us to proceed.
