Shiirt is the property name with an exploration license (XV- 017928) located in Asgat soum of Zavkhan, Western Mongolia. The property is owned by Realxoin Resources LLC through it’s subsidiary Altan Od Mining LLC. Upon listing of Advent Mining Pty Ltd of Australia, Realxoin Resources LLC will be a 100% owned company of the listed entity.
The sized of the property is 7045.6 hectares and the region is characterized by a hill which stretch more than a kilometre where a gossan occurred over the hill. Major minerals such as copper are found aplenty in this gossanous hill.
Property description and location
The Shiirt exploration license located on the territory of Asgat soum. Asgat is one of the administrative units (of 23 soums) within Zavkhan aimag. The Asgat soum is located at 185km to North of the provincial capital Uliastai, northwest of Mongolia and it is situated some 970 km to the West from Ulaanbaatar, capital of Mongolia.
Local resources and infrastructure
Infrastructure support in terms of power is available at soum center Asgat which link to the Mongolian Power grid. Its electricity is powered from Taishir hydroelectric station in Govi-Altai.
In Asgat, internet and mobile coverage is available with mobile telephone operators. High school and kindergarten, hospital, cultural center with a 250 seating capacity, museum, restaurants and retail shops and even a bank branch operated by KHAN Bank is available.
HIGHLIGHTS SUMMARY
The Geologic settings of the Western Mongolia is very complex, with rocks dating back >600 million years (protozoic) age, and have undergone several phases of tectonic movement and faultings. The prominent fault structure is the one trending Northwest-Southeast.
The two main mineral targets have been identified via geological investigations including geological mapping, rock-chip sampling. They are:
- The Sharain Khudag skarn polymetallic mineralization
- The sericite-alunite-kaoline alternation zone located to the northeast of Sharain Khudag.
A prominent gossanous hallo occurs over a small hill at Sharain Khudag, covering an area in excess of one acre. Secondary copper ore consisting of abundant malachite and some azurite abounds within the gossanous zone. Rock-chip samples returns high values of copper, zinc and silver, and also lead and gold to a lesser extent.
Previous drill-holes were sunk over the anomalous zone as evident from the existing drill-hole collars still standing at the site. Although the drill-records are not available, a documented summary of the assay records shows excellent metal grades with copper ranging up to 4.18%, zinc up to 11% and silver up to 1,000 g/t.
Realxoin Resources LLC commissioned Erdenyn Erel to undertake a reconnaissance survey and assessment prior to taking an interest in the project. A field trip was carried out in mid May 2021, and 12 rock-chip samples were taken across the skarn occurrence of Sharain Khudag. The assay results obtained were very encouraging and complimented the previous results obtained by the original owner.
Subsequent to acquiring 60% interest in the project, Realxoin Resources LLC commissioned Goodlife Engineering LLC to undertake an elaborate pole-dipole electrical survey exercise over the project site in year 2022. A distinct stock shaped anomaly was noted over the Sharain Khudag area, with good correlations with the geological settings and the previous identified mineral zone. The dimension of the anomaly is at least 220 m long, up to 22 m width and extent down at least 300 m deep.
The Consultant opines that this target is very encouraging and has excellent potential to be developed into a viable mine. Preliminary estimates based on various assumptions made suggest that the mineral resource is in the range of 4.62 million tonnes, with good grades of copper, zinc and silver. The latest rock-chip samples indicated average grades of the three prominent metals to be 0.56% Cu, 0.95% zinc and 50 g/t silver.
The estimated overall metal grades were derived from both the old records as well as the more recent sampling done by Erdenyn Erel. The resultant estimated copper grade is 1.33%, zinc at 3.25% and silver at 275 g/t. Grab samples were also taken back in 2022 by the owners and a team of geologist who visited the site for lab analysis both in SGS lab in Mongolia and Malaysia and have shown very high copper content of 107,710 ppm and gold 0.25 ppm. The gossanous hill are covered with abundant of copper oxide turquoise rocks and is literally a turquoise hill.
As of June 2023, a full Induced Polarization (IP) survey and Magnetic Mapping have been completed and the drilling exploration are planned for 2024. With the intention to public list the company shares in ASX, Australia, the company will be able to raise the funds for it’s exploration and development of the mine.
In summary, the Shiirt Zavkhan tenements is an excellent prospect, and has potential for development into a viable mine. Further investigation work is highly recommended. Further work comprises two phases of diamond drilling, drill-core sampling and assays, laboratory test-work of metal recoveries, more detailed geological mapping and sampling.