“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.”
Naran Mandal Gold Operations
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Naran Mandal Gold Operations is an actively producing, high-grade, narrow-vein gold asset located in Bayankhongor, Mongolia. |
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Naran Mandal Gold Operations is actively mining on three different Veins – Veins 1, 2 and 10. The ore bodies on Veins 1 and 10 are accessed via incline shafts and mined using handheld methods. The ore body on Vein 2 is accessed via a trackless decline and uses more mechanized mining methods. |
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As at April 2023, Naran Mandal Gold Operations has JORC 2012 compliant mineral resources of 943,000t at 6.0g/t for 181,800 ounces of gold comprising Indicated Mineral Resources of 297,000t at 7.9g/t for 75,300 ounces of gold and Inferred Mineral Resources of 647,000t at 5.1g/t for 106,500 ounces of gold. Mongold believes that Naran Mandal has great potential to extend and increase its resource both along strike and at depth. |
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Exploration has only defined 3 of the 54 extant veins to a depth of approximately 200 meters, and RPM Global believes that additional drilling has the potential to uplift the defined ounces. |
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Naran Mandal’s work is guided by the strong principles and values of Mongold.