Altynalmas Gold, Kazakhstan
Kyzyl Gold Project (50% owned)
Turquoise Hill Resources has a 50% interest in Altynalmas Gold, the company that holds 100% ownership of the Kyzyl Gold Project in northeastern Kazakhstan. Following the successful completion of a Feasibility Study in February 2012, Altynalmas Gold is proceeding to advance the development of the Kyzyl Gold Project.
The Kyzyl property is located in the village of Auezov in north-eastern Kazakhstan, approximately 1,100 km north-east of Almaty, the country's largest city and about 100 km from Ust Kamenogorsk which is considered the industrial centre of East Kazakhstan. The property hosts the Bakyrchik gold mine, which originally commenced production in 1956 to provide gold bearing flux to copper smelters in Ust-Kamenogorsk and later to smelting facilities in Russia, and the Bolshevik Gold Deposit. The mine consists of a number of mine shafts and associated facilities, process plant, workshops, warehouses, administration buildings and accommodations. A total of five shafts were sunk on the Bakyrchik deposit, and the underground has been explored and developed for mining from a series of development drifts driven at 40 m vertical intervals.
The gold deposits at Bakyrchik consist of a series of mineralized lenses or lodes lying within a large shear zone, which is 11.5 km in length. Gold mineralization is hosted within sheared carbonaceous sediments of the fault zones, and is principally contained within sulphide mineralization occurring in association with quartz stockworks, which crosscuts and parallels the foliation of the sediments. Mineralogical studies indicate that the majority of the gold is encapsulated by arsenopyrite and, to a lesser extent, pyrite.
In 2009, Altynalmas Gold commenced a deep-level drilling program at the Kyzyl Gold Project intended to upgrade the present mineral resource for inclusion in a prefeasibility study and follow-on feasibility study.
In February 2012, Turquoise Hill Resources and Altynalmas Gold announced updated NI 43-101-compliant Mineral Reserves and Resources for the Bakyrchik Deposit.
Altynalmas Gold is continuing its drilling program designed to continue the delineation of resources and reserves at the Kyzyl Gold Project that are compliant with NI 43-101 standards.
Feasibility Study estimates 15-year initial mine life
Altynalmas Gold announces a feasibility mineral reserve estimate of 5.76 million ounces at the Kyzyl Gold Project in Kazakhstan.
(Information current as of February, 2012)
Turquoise Hill Resources has a 50% interest in Altynalmas Gold, the company that holds 100% ownership of the Kyzyl Gold Project in northeastern Kazakhstan. Following the successful completion of a Feasibility Study in February 2012, Altynalmas Gold is proceeding to advance the development of the Kyzyl Gold Project.
The Kyzyl property is located in the village of Auezov in north-eastern Kazakhstan, approximately 1,100 km north-east of Almaty, the country's largest city and about 100 km from Ust Kamenogorsk which is considered the industrial centre of East Kazakhstan. The property hosts the Bakyrchik gold mine, which originally commenced production in 1956 to provide gold bearing flux to copper smelters in Ust-Kamenogorsk and later to smelting facilities in Russia, and the Bolshevik Gold Deposit. The mine consists of a number of mine shafts and associated facilities, process plant, workshops, warehouses, administration buildings and accommodations. A total of five shafts were sunk on the Bakyrchik deposit, and the underground has been explored and developed for mining from a series of development drifts driven at 40 m vertical intervals.
The gold deposits at Bakyrchik consist of a series of mineralized lenses or lodes lying within a large shear zone, which is 11.5 km in length. Gold mineralization is hosted within sheared carbonaceous sediments of the fault zones, and is principally contained within sulphide mineralization occurring in association with quartz stockworks, which crosscuts and parallels the foliation of the sediments. Mineralogical studies indicate that the majority of the gold is encapsulated by arsenopyrite and, to a lesser extent, pyrite.
Altynalmas Gold location map
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Project drilling program continuing to confirm grades and extent of high-grade gold mineralization 
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In 2009, Altynalmas Gold commenced a deep-level drilling program at the Kyzyl Gold Project intended to upgrade the present mineral resource for inclusion in a prefeasibility study and follow-on feasibility study.
In February 2012, Turquoise Hill Resources and Altynalmas Gold announced updated NI 43-101-compliant Mineral Reserves and Resources for the Bakyrchik Deposit.
Altynalmas Gold is continuing its drilling program designed to continue the delineation of resources and reserves at the Kyzyl Gold Project that are compliant with NI 43-101 standards.
Feasibility Study estimates 15-year initial mine life
Altynalmas Gold announces a feasibility mineral reserve estimate of 5.76 million ounces at the Kyzyl Gold Project in Kazakhstan.
(Information current as of February, 2012)