The Taldan licence is located 115km to the northwest of Pokrovskiy and is close to the town of Taldan, where a station serves the Trans-Siberian Railway. The licence includes two known mineralised areas: Burinda (the most studied) and Topazovskoye.

The geology of the area is similar in many ways to Pokrovskiy, with Jurassic sedimentary and Cretaceous volcano sedimentary rocks. These are intruded by early Cretaceous granites. Gold mineralisation appears within the volcanic association and is controlled by north and south trending faults.

Test open pit mining at Burinda was undertaken in 2013 and 2014 with ore transported to the Pokrovskiy processing plant by trucks. This confirmed the non refractory nature of Burinda mineralisation and its suitability to feed either Pokrovskiy or Pioneer RIP plants. Currently mining operations are on hold here as the Group has better mining targets near its processing facilities.

Magnetic surveying indicates a northward extension of the Burinda structure, which is confirmed by the location of ore body No.10; samples collected during geological mapping 2.5-3km north of this trench contained gold and high silver grades.

Topazovskoe is a gold mineral occurrence at an early stage of exploration located within the Taldan license area, 9km north west from Burinda.  Gold mineralisation has been found in narrow high grade south west and north east striking zones.

 High Grade Ore SampleHigh Grade Ore Sample

Burinda Deposit and Taldan Exploration License

Burinda Mineral Resource and Ore Reserve Estimate (as of 31/12/2015, In accordance with JORC Code 2012, WAI April 2016)
Mineral ResourceOre Reserve
CategoryTonnage (Mt)Avg. Grade (g/t)Contained Metal (Moz)CategoryTonnage (Mt)Avg. Grade (g/t)Contained Metal (Moz)
Measured+Indicated 3.58 1.64 0.19 Proven+Probable 0.45 2.06 0.03
Inferred 1.82 1.74 0.10        

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