Savoyardy
The 84km2 Savoyardy exploration licence is situated in the south of the Kyrgyz Republic on the border with China.
During 2008-2009 our previous joint venture partner Kentor Gold Limited completed a number of drill programs, calculated a Mineral Resource, metallurgical test work and then proceeded with pre-development work at the Savoyardy project with a view to a development decision being taken late in 2009.
A maiden resource was completed by Kentor at the Rudny area of Savoyardy.
|
Cut-Off grade g/t |
Tonnes |
Gold Grade g/t |
Gold Ounces |
|
0 |
380,000 |
3.55 |
43,000 |
|
1 |
260,000 |
4.91 |
41,500 |
|
2 |
200,000 |
5.94 |
38,500 |
|
3 |
160,000 |
6.76 |
35,500 |
|
4 |
140,000 |
7.41 |
32,500 |
|
5 |
110,000 |
8.21 |
28,500 |
A pre-feasibility study, aimed at bringing the Savoyardy project into production at a rate of 10,000 ounces per annum for three years was completed and returned economics of a US$1.2M capital cost and operating costs of approximately US$370 per ounce. The deposit and surrounding prospects are also anomalous in antimony.
Manas has since completed drill programs in 2011 and 2012, with plans for 2013 programs to extend the previous resource estimate made by Kumtor as well as explore along trend from the 1.87 MOz Au resource (NI 43-101) Sawayaerdun deposit which lies immediately southwest across the Chinese border.
