NOTICE OF MEETING
___________________________________________________________________________________
DATE:
VENUE: The Rugby Club –
SPEAKER: Doug Kirwan
TOPIC: “The Turquoise Hill (Oyu Tolgoi) Project, south Gobi Desert, Mongolia”
The Turquoise Hill (Oyu Tolgoi) project is located in the south Gobi desert
of Mongolia, approximately 650 km south of the capital city of Ulaan Baatar.
In 1996 a team of BHP geologists inspected known copper occurrences in the
area and identified porphyry-related quartz stockwork veining in leached
outcrops at central Oyu. Subsequently BHP conducted a three year exploration
program including 23 widely spaced diamond holes. Ivanhoe Mines acquired an
option to purchase the property in 1999 and since that time has carried out
extensive reverse circulation and diamond drilling which has resulted in the
discovery of a major gold-rich porphyry copper deposit at southwest Oyu.
The most recent resource estimates are 356 mt @ 0.95% CuEq (0.48% Cu &
0.73g/t Au), Indicated and 1317 mt @ 0.98% CuEq (0.86% Cu & 0.19 g/t Au),
Inferred.
Another 860 mt of 1.08% CuEq (1.01% Cu & 0.1 g/t Au), Inferred has
been estimated for Far North Oyu
(Source Data).
CuEq is calculated on the basis of US$0.80/lb Cu and US$350/oz Au.
Turquoise Hill on the Ivanhoe Mines web site
Future Friday December 19th Harbour Cruise
meetings:
Web
page: Check the SMEDG web page for more
details http://smedg.org.au
_________________________________________________________________
Organising Committee:
Steve
Collins Vicki Diemar Lindsay Gilligan Phil Hellman
Cay Mims Kim Stanton-Cook Chris Torrey
9489 6836 9488 7573 9901 8301 9858 3863 0403 043 642 0411 504 512 9482 8833
Rugby Club Location Map - Click to Enlarge