The Uenke-Bulak Prospect is located within the Boguty Project area. Golden Eagle presently has a 60% interest in the Boguty Project via the Buguty-Palm Joint Venture. The Boguty Project covers an area of 52.8km² (License 624DD) and is located within the northern section of the Tien Shan metallogenic belt that extends from Uzbekistan to Mongolia. The Tien Shan belt plays host to a number of multi-million ounce gold deposits including the 70 million ounce Muruntau gold deposit.

The Uenke Bulak prospect is located along a north-east trending epithermal lode system that occupies the central part of a mineralised fault zone which can be traced along strike for a distance of 2km.

Uenke Bulak Prospect is a low sulphidation epithermal style gold-silver deposit analogous to the 1.6M ounce Axi deposit in China, some 300km to the north-north-east. Drilling has intersected a main central zone of mineralisation, and an additional four parallel zones of mineralisation have been identified in the central part of the main zone.

In December of 2007 Central Asia converted the Uenke Bulak exploration licence to a Commercial Licence under Kazakhstan law. In March 2008 Central Asia announced an Inferred resource of 55,000 oz Au and 1.9M oz Ag and commenced scoping studies.

 

Photo: Uenke Bulak prospect

Click to enlarge.

 

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