Naogaoshandu Gold Project

The Naogaoshandu gold project consists of a 47 sq km Exploration Licence centred only 25km west-southwest of its Marmot Cu-Mo project and 14km northeast of the Beyinhar gold deposit currently being developed by Zijin Mining.  King Solomon has discovered several areas of anomalous gold mineralisation but is particularly interested in the South Ridge and Three Eagles prospects.

The South Ridge prospect is centred on an 800m north-south trending, gently eastward-dipping sheared contact zone between an overlying granitic porphyry intrusive and an underlying sequence of strongly-foliated chlorite schists (meta-volcanics?).   The shear zone varies in thickness from less than 1m to more than 5m and it hosts strongly Au-mineralised discontinuous quartz lenses, veins and veinlets. 

The mineralised shear zone remains open to the south and north.  The quartz veins are typically short (single metres to tens of metres); narrow (10cm to 2m); and lie at various oblique angles to the overall trend of the zone.  Gold values from representative chips across the veins are commonly in the order of several g/t Au and occasionally over 10g/t Au.   Where exposed in trenches however, the veins are too coarsely distributed to represent a bulk-mining target.  This may change down dip.  The trench exposures and a 4 scout RC drill-holes also show that the granitic porphyry forming the hanging wall is persistently gold anomalous whereas mineralisation dies out over a short distance in the underlying chlorite schists.

The Three Eagles prospect is divisible into the Western and Central zones.  Scout RC drilling by KSO in the Western zone targeted outcrops of arsenic-anomalous silicified chlorite schist and yielded underlying anomalous gold values (up to 2.1g/t Au over 1m) associated with zones of veining, pervasive silicification and pyrite. The Central zone covers clusters of anomalous gold-in-rock values, the strongest being a 400m x 300m area of >0.1g/t Au samples yielding a small number of values in excess of 1.0g/t Au and including a highest value of 45.2g/t Au.