“Mongold’s Naran Mandal Gold Operations is located in Mongolia and employs some 500 people including contractors. We are a proud major employer and economic contributor in the region.”


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Asset locations

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Naran Mandal Gold Operations

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Photo & Video gallery


North Khentii Gold Belt
South Khentii Gold Belt
Tien Shan Gold Belt
Bayankhongor Ophiolite Belt
Baruun jalga
Khovd Province – 1318 ha Located in the Tien Shan belt. Wolfram and granitoid related gold occurrences surround the license
Gobi Altai Province – 2086 ha Well located within the Tien Shen belt.
Ulaan ereg
Bayankhongor Province – 9546 ha Abundant quartz veins with prospective alteration styles in a known orogenic gold terrain located near Project King. Grab samples resulting Au.
Khashaatiin khundii
Bayankhongor Province – 7178 ha Well located within the Bayankhongor Belt, and is surrounded by mineral occurrences, quartz vein density was found on the license with light indications of mineralizing processes
Uvurkhangai Province – 679 ha Located along trend from Project Kind within the Bayankhongor belt.
Selenge Province – 4937 ha Located within the Boroo-Gatsuurt district with frequent quartz veins with mineralized quartz veins located north of the license. Grab samples resulting Au and Ag.
Mandal Sumber
Tuv Province – 614.61 ha located in Mandal Sumber soum with hydrothermal, mesothermal lode gold, quartz sulfide Au, quartz vein.
Bulgan Province – 60 ha Sheeted quartz veins occur on the license on the margin of a major placer gold district.
Gashuun hudag
Dundgobi Province – 8266 ha Gold mineral occurrences around the license. The relatively large size of the license and cassiterite prospectivity. Tin mineralization potential is high.
Selenge Province – 385 ha Well located within the North Khentii belt. Prospective host rocks.
Khentii Province – 4092 ha Quartz sulphide stockwork associated with aplite dykes.
Khentii Province – 5591.32 ha Visible quartz-chalcedony epithermal veins +- sulphides. Positive Au grades.
Dornod Province – 2640 ha Mineral occurrences around the license. Located on Mesozoic sediments and has coal-uranium potential.
Govi Altai

Mongold’s plan to 2025:

  1. Continuing to increase production and exploration activities onsite at Naran Mandal Gold Operations
  2. Exploring and building up resources on its two most promising exploration licenses.
  3. Closing the most advanced deal in its Central Asian M&A pipeline;
  4. Looking for additional acquisitions to increase the size of the company and diversify risk.



  • 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.