The Oyut Ulaan (Red Mountain) porphyry copper-gold project is located within the Dornogovi Province of southern Mongolia, approximately 420km southeast of Ulaanbaatar. The exploration prospect is strategically located 70km west from the provincial center, and future industrial center, of Sainshand.
The porphyry mineralisation at Oyut Ulaan is associated with late-stage monzonite and quartz diorite porphyry dykes and stocks emplaced on the flanks of the Oyut Ulaan Intrusive Complex (OUIC). Alteration and mineralisation at Oyut Ulaan is characterised by multiple co-genetic copper-gold porphyry centres, tourmaline breccia pipes and copper-gold/base metal magnetite skarns.
Exploration at Oyut Ulaan has defined broad zones of strong quartz stockwork veining and associated high-grade gold mineralisation (typically around 0.5 to >5 g/t gold and 0.3 to 1.5% copper). The geology, strength of alteration and style of mineralisation also suggest that the mineralisation will extend at depth.
Oyut Ulaan License Map