The latest announcement is clear proof to me that Akjilga is not a real silver project.... it is an UNREAL silver project with confirmed assays at 2+kg/tonne of silver. Its silver resource has more than doubled from 67 million oz in 2004 to 148 million oz today
I love photos. It is clear that this is a happening site with unreal resources. A 90 man work camp actively exploring and quantifying the resource.
Wardell Armstrong International (WAI) are highly regarded and respected globally in their field. They are specialists in this neck of the woods. They are no strangers to the Akjilga project. They have been there on and off since 2004 when they were contracted by Marakand Minerals Limited. In fact they have had an association with every Akjilga operator since 2003.
"Marakand was floated on the AIM in December 2003. Marakand Minerals Limited is a mining exploration and development company focused on base metals and silver. Marakand's primary asset is the Khandiza polymetallic deposit in south-east Uzbekistan. In addition, it has recently gained exclusive rights to explore and evaluate the high-grade Akjilga silver deposit in Tajikistan."
(Reference - http://bit.ly/qOiWAW)
"All exploration license application documents submitted to the Tajik government for the high grade Akjilga silver deposit."
"In Tajikistan, exploration license application documentation has been prepared and submitted for the high grade Akjilga silver deposit and resources mobilised to prepare for field-work in mid 2005."
(Reference = http://bit.ly/qZK8CM)
"The Akjilga Silver Deposit......Tajikistan Akjilga is located in the Pamirs in Gorno-Badakhshan Autonomous Region of Eastern Tajikistan. It is very close to an ancient Samanid silver mining settlement, which dates back to 8th - 9th century. Akjilga consists of a number of sub-parallel high grade veins, of 0.5 to 2.0m in width, with average grades of over 2000 g/t silver. Outcrops and trenches have exposed mineralization which was then explored to the C2 Soviet reserve category by two adits.
The veins are principally quartz, siderite and flourite, and vary from 60 degrees dip to vertical. Ore mineralogy consists of tetrahedrite, chalcopyrite, bismuthinite, arsenopyrite, galena, argentite and free silver, plus a number of other sulphides and sulpho-salts.
Tajik Geology estimates resources at Akjilga to contain over 67 million ounces silver, with average grades of over 2000 g/t.
The results of preliminary metallurgical test work carried out in 1991 in Moscow are encouraging. From a test work sample grading 996 g/t silver, 97.20% of the silver was reported to be recovered to a gravity / flotation concentrate grading 30,410 g/t silver, 23.00% copper and 3.5% antimony.
Marakand staff have completed compilation of all existing exploration data including translation of reports detailing Soviet exploration."
Reference Page 28 of 62 page report......... http://www.oxusgold.co.uk/uploads/oxussep05.pdf
"TORONTO, March 30 - - Eurasia Gold Inc. ("Eurasia" or, the "Company") (TSX: EGX) is announcing that it has completed the acquisition of 100% of the rights to the Bozymchak Gold-Silver-Copper Project in Kyrgyzstan and to the Akjilga Silver Project in Tajikistan (the "Acquisition") for a purchase price of US$167,806,739 "
(Reference - http://bit.ly/qYLubW)
WAI have been the consulting contractors for each Akjilga Silver Project operator since 2004. In that time they have seen this silver resource grow from 67Million oz to 148million oz
Some Numbers to get your head around.........
2004 Silver = $6/oz - Akjilga resource = $67mill oz
2007 Silver = $13/oz (on March 13th) this is the day the two projects were "sold" for US$167,806,739
2011 Silver = $40/oz (an increase of over 300% since 2007). Akjilga resource = 148 million oz
Would this put the two projects (Bozymchak Gold-Silver-Copper Project in Kyrgyzstan and the Akjilga Silver Project in Tajikistan) price at 3 x US$167,806,739..( $1/2+Billion USD)?
What could you speculate the price of the Akjilga project on its own? With Eric Sprott predicting silver at $100/oz before year end, it all becomes a very exciting numbers puzzle.
Gold & Silver will both rise in value as "real money" while the fiat paper currencies of the world blow and burn away as western global governments vainly attempt to hide their breathtaking ineptitude in "fiat" money management over the past 60 years.
I would not be so bold to even suggest a "current" value for Akjilga based on the above facts. Suffice to say it is bound to be a price that should substantially increase the value and share price of ROS way beyond the current price.
ROS Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
