Obdilla was the first discovery made in the Kyrgyz Republic by Perseus Mining Limited and has so far yielded a resource of 485,000 ounces of gold.
Significant opportunities to expand this resource exist through a systematic drilling campaign both within the main resource area and along strike. Gold mineralisation at Obdilla, as exposed in outcrop and trenches, and intersected in drilling, extends for some 2km east-west along strike as part of a more extensive gold anomalous horizon that extends east past Chauvai for 15km.
The Obdilla deposit appears to be part of a large mineralised system in a geological setting which is highly prospective for large scale sediment hosted gold deposits.
Obdilla is a significant gold deposit and resource definition has proceeded to a stage where a development study to investigate mining and process routes for the deposit is justified.
A program of 2,000m of diamond drilling has commenced at Obdilla. Recent group geophysics have shown a continuation of the mineralised structure to the south of the current extensional drilling completed in 2007. This program may be immediately expanded depending on results.