Kyzyl Gold Project - Renaissance of a Kazakhstan Gold Producer

Altynalmas Gold Ltd is an emerging Kazakh and Canadian gold company. Altynalmas’s main focus is on the Kyzyl Shear zone which includes the Bakyrchik and Bolshevik Gold deposits. The Kyzyl gold deposits 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. The deposits are "double-refractory" in nature. Recent etallurgical testwork using fluidized bed roasting have resulted in recoveries between 86 to 90%. Altynalmas recently release a Pre-Feasibility Study and is currently undertaking a Feasibility Study. An initial 75,000 m diamond drill program will be completed in November 2010.