MDM has mining leases for place gold in the Gilgit Baltistan Province. Detail geochemical survey included collection of stream sediments samples has been conducted in the area. The visible gold ranges from 3 colors to 90 colors, while chemical results show Au in range of 1.5 to 80 ppm. The regional and local geology is favorable for gold and base metals mineralization. The site geology contained alluvial river deposits which are classified as pebbly/gravelly sand, however sandy gravels and sand is also present. Millions of tons of reserves of accumulated sediments with potential for gold are found in the leased area.
GOLD AND BASE METALS:
Anomalous gold and base metals mineralization was identified in drainage stream sediments samples in Gilgit Baltistan. Followed up survey was conducted to identify the source rocks. During follow up survey sulphide zones were identified associated with sheared zones. A total of 224 bulk rock samples were collected from the sulphide zones which contained Au 32 ppm, Ag 95 ppm and Cu 2 % in average. The exploration license for the area has been obtained to further explore this prospect.