Outside of the Naran Mandal Gold Operations, the two largest and most-extensively tested projects in our portfolio are: Ulaan-Ereg and Khooloi



  • Ulaan-Ereg has a surface area of 9,500ha and is located within the Bayankhongor Ophiolite Belt approximatley 43 km west of the Naran Mandal Gold Operations.
  • Completed prospecting activities include 92km2 of specialist mapping, about 250 rock chip samples, and over 7,250 geochemical samples with assaying completed.
  • Geology: Granite and granodiorite of Proterozoic, terrigenous of Mezozoic age. Baidrag gold zone in Bayankhongor gold belt.
  • Mineralization: potentially of epithermal genesis with gold mineralization in this area related to a Proterozoic intrusion contained within a major shear zone.
  • Mineralization type: the shear zone contains elevated gold levels in soil samples combined with key indicator minerals and is believed to potentially host an orogenic gold deposit.
  • Sample results showed 120 ppb – 250 ppb of Au.


  • Khooloi is approximately 5,600ha and is located in the Kherlen soum of Khentii province. It is readily accessible with access to infrastructure (power lines, paved roads, water).
  • Completed prospecting activities include 55km2 of specialist mapping, 274 rock chip samples, over 2,000 geochemical samples with assaying completed.
  • Historical exploration: the project was surveyed informally at by Russian and Mongolian teams between 1940 and 1975 leading to the discovery of several occurrences of fluorspar, copper, iron, wolfram, base metals, gold placer and nonmetals.
  • Geology: Intrusion of Carboniferious, volcanics of lower cretaceous, terrigenous (sandstone, conglomerates, gravelstone, mudstone) of Mesozoic age.
  • Metallogenic belt: the project is located in Eastern Mongolia on a Mesozoic structural formation containing mainly base-metals.
  • Mineralization type: potential for low sulfidation Cu-Pb-Zn and epithermal gold lodes.