The Siasteragi deposit is located in Sistan & Baluchestan province, approximately 130 km north of Zahedan city. Approximate centroids for the Siasteragi deposit are 256000 E, 3387000 N using the WGS 84 (zone 41 N) datum.
Prospecting & Exploration:
Geological and topographic mapping in scale 1:20,000 and 1:1,000 done. 76 samples in prospecting collected and samples have been analyzed. In 2013 geophysical survey (IP, RS and magnetometery) were undertaken too. Trench excavated with total length 1028 m and volume 11700 m3. 297 samples from trench were collected and analyzed. Drilling on the Project were done between 2014 and 2015 consists of a total of 10 core holes (749 m) with HQ sized (63.5 mm). 394 samples from core holes were collected and analyzed by ICP-MS and Fire assay. Drill core recoveries averaged 95% and RQD 98% after the first 10 m. Drill hole and trench collars were initially surveyed using 3 frequency GPS.
Ore Reserve:
The Siasteragi mineral resource estimate was prepared using 3-D modeling software Gemcom GEMS 6.4. A block size of 2.5 m x 2.5 m x 2.5 m was selected. Ore reserve is 1,091,300 tons with average 0.78% Cu, 0.54 ppm Au and 57 ppm Mo.
Risks and Opportunities:
Old mining operations for exploring copper and gold have been seen at 30 spots of this area. Copper, gold and molybdenum surface mineralization haven’t been seen at location of trench. Through 100,000 m drilling copper reserve would increase to 10 million tons. Geophysics surveys shows sulfide deposits in depth. The Siasteragi project has shown significant exploration potential, both to increase the known mineralization at the Siasteragi reserve, and to identify additional areas of Skarn – porphyry copper–gold–molybdenum mineralization and Pb-Zn mineralization. Distance between Siasteragi reserve and Bandar Abbas is 750 km. Water resources and power exists 25 km from this area.
Capital fundraising:
Shareholders are interested in going into partnership, stablishing mineral processing plant, and performing excavation and sales ore.