Barkol Licence – North West Kyrgyzstan
During February 2007, the Kyrgyz State Agency for Mineral Resources granted the 232km2 Barkol exploration licence to Talas Copper Gold, a 100% subsidiary of Lero Gold Corporation. The exploration licence is located immediately to the west of Taldybulak and was acquired at no cost to the company. The license encompasses a further 22 strike kilometres of the Talas–Chemin volcanic arc, thus doubling the company’s exposure to this highly prospective mineral trend. The Barkol licence contains numerous occurrences of known mineralisation, with one copper-gold molybdenum deposit occurring within a 2km2 excision from the licence. The geology of the Barkol licence area is very similar to Taldybulak, being a continuation of lower Palaeozoic volcanics and sediments; however, the eastern half of the tenement is partially overlain by a veneer of post mineralisation Devonian aged volcanics. The Company believes that the eastern part of the tenement has had little exploration for porphyry-style mineralisation due to the overlying volcanics. The Company plans to conduct detailed exploration over areas of known mineralisation on the tenement and apply geophysics to test for porphyry systems that may be concealed by the Devonian volcanics.