Undurtsagaan base metal mining project
Undur Tsagaan Project area is located in the territory of Umnudelger soum, Khentiy aimag. The project area is situated in 300 km east from Ulaanbaatar, 80 km northwest from Undurkhaan, which is a center of the province, 30 km east from the soum center.
Undur Tsagaan is a multi-mineral prospect containing molybdenum (Mo), tungsten (W), beryllium (Be), and bismuth (Bi). Known mineralization occurs over a broad area measuring 1800-1900 m long by 600-800 m wide. Mineralization occurs as quartz-stocwork veins containing molybdenite, wolframite, scheelite, and coarse-grained muscovite hosted within Mesozoic granite and leuco-granite porphyry and Devonian schist and gabbro-diabase dikes and sills.
Konsulov et al., 1982, reported a resource of 141 million metric tons 0.124% WO3, 0.019% Mo, 0.03% Be, 0.08%Bi and an additional 60 million tones 0.11% WO3, 0.03% Mo, 0.03% Be, 0.01% Bi.
The property boundaries have not been marked by a formal legal survey. The block remains in an undeveloped state with the exception of 9 km of Soviet-era trenches, and two adits totaling several hundred meters of underground workings (now inaccessible). There are no paved roads or permanent dwellings in the area.
The license is held by QGX Mongolia Ltd. QGX purchased a 100% interest in the license from a Mongolian national in April 2005, for the sum of USD $325,000.00.
Ecotrade has completed Environmental and Social Baseline Survey in 2007 for QGX Mongolia Ltd.
