Mongold developed Project King into one of Mongolia’s leading gold mines
Project King, also known by its Mongolian name, Tsagaan Tsakhir, is a producing high-grade, narrow-vein gold mine located in Bayankhongor, Mongolia. Between 2005 and 2007, the mine was profitably operated by a Chinese-Mongolian joint venture. Since Mongold took over management in Q2, 2014, the site’s facilities have been completely redeveloped to international standards. The deposit has an JORC compliant inferred resource of 212,500 oz of gold at 8.7 g/t as a result of 2017 drilling campaign which confirmed Mongold’s theory that PK is an orogenic deposit, based on the mineral assemblages, with enormous additional potential to extend on both strike and dip from the JORC defined resource. The drilling has only defined the veins to a depth of approximately 200 meters and RPM Global believes a deeper drilling program has the potential to dramatically uplift the the defined oz.