EVEREST GOLD INC. (EGI) KABUL KOH COPPER PORPHYRY PROSPECT, CHAGAI DISTRICT, BALOCHISTAN, PAKISTAN A presentation compiled by Fuzail Siddiqui PhD, P.Geo. Consulting Geoscientist 23 September 2012
CONTENTS SUMMARY PROPERTY DESCRIPTION GEOLOGY AND ALTERATION SURFACE MINERALIZATION ORE BODY MODEL CHIP SAMPLING GEOPHYSICAL EXPLORATION PLAN DRILLING PLAN
SUMMARY KABUL KOH COPPER PORPHYRY PROSPECT, LOCATED ABOUT 50 KM WEST OF DASHT-E-KAIN, IS A SIGNIFICANT NEW ADDITION TO EGI PORTFOLIO CU-PORPHYRY STYLE ALTERATION IS EXPOSED OVER AN AREA OF ABOUT 1X1.5 SQ.KM GEOLOGICAL/ALTERATION MAPPING AND CHIP SAMPLING WAS COMPLETED IN MAY-JUNE 2012. ASSAYS AWAITED COPPER ORE, SUFFICIENT IN GRADE AND TONNAGE TO SUPPORT SMALL SCALE MINING, IS EXPOSED IN SOUTH TO PROVE CONTINUATION OF CU-RESOURCE TO N & E NEEDS GEOPHYSICAL SURVEYS. AFTER THE GEOPHYSICAL RESULTS, 3D RESOURCE ESTIMATION WILL BE DONE BY CORE DRILLING
PROPERTY DESCRIPTION EXPLORATION LICENSE (EL 55), RENEWED TILL 24 JULY 2019 BARREN ROLLING HILLS IN DEPRESSION, CIRCLED BY STEEP HILLS ON N,W &S (Fig. 1) CLIMATE ARID, SUB-ZERO IN WINTER, UPTO 40 C IN SUMMER EXPENSE ON ROAD WORK, COMMUNICATION AND POWER SUPPLY REQUIRED. WATER POTABLE, DEPTH ~ 7 m IN WELLS POPULATION ABOUT 10 HAMLETS, COMMUNITY COOPERATIVE NEAREST TOWN FOR SUPPLY/SERVICES ABOUT 4 HOURS DRIVE SOUTH Show next slide.
TOPOGRAPHY OF KABUL KOH PROSPECT FIG. 1. PROSPECT LOCATED IN CENTRAL DEPRESSION
GEOLOGY AND ALTERATION HOST ROCKS: GRANODIORITE PORPHYRY (GDP) DOME, INTRUSIVE IN SINJRANI VOLCANICS (SV) GDP DOME WITH CORE ALTERED TO QUARTZ-SERICITE, PHYLLIC AND PROPYLITIC ALTERATION EROSION HAS PARTLY REMOVED THE GREY GDP COVER TO EXPOSE BROWN - WHITE ALTERATION POTASSIC ALTERATION, NORMALLY ASSOCIATED WITH COPPER IN PORPHYRY SYSTEMS, NOT OBSERVED, BUT ITS EXISTENCE IN SUB-SURFACE CANNOT BE RULED OUT FIG. 2 IS A GEOLOGICAL/ALTERATION MAP OF THE PROSPECT AREA
COPPER MINERALIZATION MINEABLE CU-OXIDE MINERALIZATION SEEN IN VEINS IN ALTERED GDP SOUTH AND WEST OF THE VILLAGE AT LOCATIONS SHOWN BY GREEN SYMBOLS IN FIG. 2. AND IN PHOTOS FIG. 3 AND 4. LONGEST VEIN EXPOSURE IS ~ 9 m WIDE, OVER 100 m LONG NEARLY VERTICAL AND STRIKING EW MINERALIZATION ZONE WEST OF VILLAGE APPEARS TO CONTINUE NORTHWARDS UNDER THE ALTERED GDP GEOPHYSICAL EXPLORATION PLANNED TO INVESTIGATE THE SUBSURACE CONTINUATION
FIG. 2 GEOLOGICAL & ALTERATION MAP FIG. 2. SARD AB IS ALTERNATIVE NAME FOR KABUL KOH, AREA~1X1.5 Sq.km., Green dots=copper oxide showings, (for legend see Fig.5)
CU-OXIDE MINERALIZATION FIG. 3. FRACTURE FILLING AND DISSEMINATED CU-OXIDES IN ALTERED GDP SOUTH OF KABUL KOH AREA
CU-OXIDE MINERALIZATION FIG. 4. A copper rich oxide cap at the top of a mineralized vein south of the hamlet at Kabul Koh
ORE BODY MODEL POSSIBILITY OF COPPER PORPHYRY ORE BODY MODEL AT KK WITH ROOF PARTLY IN TACT IN THE SOUTH, EROSION HAS REMOVED THE GDP ROOF AS WELL AS THE ALTERED ROCKS AND LOCALLY OPENED A WINDOW TO THE ENCLOSED COPPER MINERALIZATION NORTH OF THE VILLAGE, EROSION APPEARS TO HAVE PARTLY REMOVED THE GDP ROOF BUT THE UNDERLYING ALTERED ROCKS ARE IN TACT NEXT SLIDE IS A SKETCH SECTION OF A TYPICAL CU-PORPHYRY SYSTEM; EXISTENCE OF SUCH A SYSTEM BURIED IN TACT AT KK NOT RULED OUT THIS MODEL BEING USED TO PLAN EXPLORATION
TYPICAL CROSS SECTION OF A CU-PORPHYRY
CHIP SAMPLING 33 CHIP SAMPLES COLLECTED FROM DIFFERENT OUTCROPS AND HAND DELIVERED TO SGS LABORATORY KARACHI FOR COPPER AND GOLD ASSAYS STRONG CU MINERALIZATION IDENTIFIED OVER LARGE AREA; 23 OF 34 SAMPLES ASSAYED GREATER THAN 0.50% CU, 2 SAMPLES GREATER THAN 0.25 g/t AU ( UP TO 0.29 g/t ) LARGE ALTERED AREA TO THE SOUTH AVERAGED 1.84% CU
CHIP SAMPLING IN PROGRESS
GEOPHYSICAL EXPLORATION THE KK MINERALIZATION APPEARS SUITED FOR GEOPHYSICAL EXPLORATION, BEFORE DRILLING, FOR FOLLOWING REASONS: SURFACE MINERALIZATION IS CU-OXIDE TYPE, BUT THERE IS EVIDENCE FROM RESIDUAL COPPER/IRON SULPHIDES TO SHOW THAT PRIMARY MINERALIZATION IS DISSEMINATED SULPHIDE TYPE SUCH MINERALIZATION IS AMENABLE TO INVESTIGATION BY GROUND MAGNETIC AND ELECTRICAL METHODS EXPOSED MINERALIZATION CAN BE USED TO CALIBRATE EQUIPMENT GEOPHYSICAL EXPLORATION IS PLANNED 400 POINT ARRAY IS SHOWN ON MAP: NEXT SLIDE MAGNETIC, SP AND IP SURVEYS PLANNED
400 POINT ARRAY FOR GEOPHYSICAL SURVEYS EFG Fig. 5. Green= Volcanics, Red= GDP, Pink= Quartz-Sericite alteration, Blue= argillic alteration, Yellow=Alluvium, Cu veins in EFG-6&7, Area~1.5x1 sq. km.
CONCLUSION ON THE BASIS OF FIELD INVESTIGATIONS TO DATE KABUL KOH COPPER PORPHYRY PROSPECT IS FOUND WORTHY OF FURTHER EXPENDITURE ON GEOPHYSICAL EXPLORATION AND CORE DRILLING FOR RESOURCE ASSESSMENT Fuzail Siddiqui PhD, P. Geo. Consulting Geoscientist