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 EMX's Akoguz property is hosted in the Kyrgyz Republic's Southern Tien Shan gold belt, and is adjacent to EMX's Oital license to the east. The property is underlain by folded and faulted lower Paleozoic sedimentary rocks. Gold mineralization is structurally controlled and typically occurs in quartz stockworks, veins, and silica replacement zones.
Akoguz was discovered by a grassroots stream sediment sampling program conducted by Newmont Kyrgyzstan Ltd. during the period 1998-1999. More recent exploration was conducted by Barrick Kyrgyzstan. The previous exploration work consisted primarily of regional stream sediment, soil, and trench sampling.
Soil sampling conducted by Newmont in 1999 defined a 3.5 Km long gold-arsenic-antimony anomaly (50 ppb gold contour). The anomaly is relatively narrow in its western part, and to the northeast the anomaly widens and becomes much more complex in shape. The soil gold anomaly remains open to the northeast. The northeastern part of the Akoguz anomaly is up to 500 m wide and this combined with the gold content in soils suggests the presence of a wider mineralized zone with higher gold grades (1 sample returned 4 g/t Au) as compared to the western part.
Results from four hand-dug exploration shafts on the gold soil anomaly are summarized in the table below. All shafts were sampled vertically by 1 m channel samples and also horizontally by 1 m channel samples across the strike of the mineralization.  The exploration shafts intersected mainly sheared black siltstone with locally abundant quartz veining. The depth of oxidation in the shafts is between 4 - 5 m. The gold mineralization correlates well with the amount of quartz veining seen in the shafts and is independent of the state of oxidation of the rocks in the shafts. Gold grades are fairly uniform both in the trenches and in the shafts. Furthermore, there is no indication from the sampling conducted to date in the shafts that gold grades decrease with depth.
| Exploration Shaft |
TD (m) |
Number of Samples |
Average Au grade vertical |
Average Au grade all samples |
Minimum Au grade |
Maximum Au grade |
| HAK-00-1 |
6 |
21 |
4.0 g/t |
2.7 g/t |
0.9 g/t |
4.9 g/t |
| HAK-00-2 |
7.5 |
28 |
2.1 g/t |
2.0 g/t |
0.8 g/t |
3.9 g/t |
| HAK-00-3 |
2.5 |
5 |
4.1 g/t |
3.2 g/t |
0.6 g/t |
5.3 g/t |
| HAK-00-4 |
10.2 |
27 |
0.5 g/t |
0.5 g/t |
0.1 g/t |
1.6 g/t |
EMX trench sampling has yielded results up to 17 m averaging 2.3 g/t Au and 22 m averaging 2.1 g/t Au. An induced polarization (IP) survey conducted over the license produced a number of geophysical anomalies that can be correlated with the known mineralization. The continuity and uniformity of the gold grades both along strike and with depth suggests that Akoguz has exploration potential not only in terms of its gold grades, but also in its size potential. There are a number of drill targets at Akoguz that warrant drill testing in 2007.
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