Guia Micromine B

A C A HOWE INTERNATIONAL LIMITED
MICROMINE CONSULTING SERVICES
TECHNICAL REPORT
INTRODUCTION AND
RESOURCE ESTIMATION FOR THE
DOMBRALY GOLD DEPOSIT IN
NORTH-CENTRAL KAZAKHSTAN
for
ALHAMBRA RESOURCES LTD
by
ACA HOWE INTERNATIONAL LIMITED
John G Langlands, BSc, FGS, FIMMM, C Eng
James Emberton, BSc, FIMMM, C Eng
and
James Hogg, BSc, MSc, MAIG
Marta Sostre, BSc, MSc, MAUSIMM
22 March 2012
Berkhamsted
Herts, UK
TABLE OF CONTENTS
Page
SUMMARY. I
1
INTRODUCTION .......................................................................................................................................... 1
1.1
TERMS OF REFERENCE ............................................................................................................................... 2
1.2
ACA HOWE INTERNATIONAL LIMITED ................................................................................................... 2
1.3
MICROMINE CONSULTING SERVICES ..................................................................................................... 2
1.4
UNITS ............................................................................................................................................................... 3
2
RELIANCE ON OTHER EXPERTS ............................................................................................................. 3
3
PROPERTY DESCRIPTION AND LOCATION .......................................................................................... 3
3.1
LOCATION ...................................................................................................................................................... 3
3.2
LICENCE AND TENURE ................................................................................................................................ 5
4
REGIONAL GEOLOGY ................................................................................................................................ 7
5
ADJACENT PROPERTIES ........................................................................................................................... 8
6
DOMBRALY PROJECT................................................................................................................................ 9
6.1
DOMBRALY - PROPERTY DESCRIPTION AND LOCATION ................................................................. 15
6.2
ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ... 15
6.3
DOMBRALY - HISTORY .............................................................................................................................. 16
6.3.1
CHRONOLOGICAL OPERATIONS ................................................................................................... 16
6.3.2
HISTORICAL MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES ......................... 18
6.3.3
HISTORICAL ESTIMATES OF MINERAL POTENTIAL................................................................. 19
6.4
DOMBRALY - GEOLOGICAL SETTING .................................................................................................... 20
6.4.1
DOMBRALY - REGIONAL GEOLOGY.............................................................................................. 20
6.4.2
DOMBRALY - LOCAL AND PROPERTY GEOLOGY ...................................................................... 20
6.5
DOMBRALY - DEPOSIT TYPES .................................................................................................................. 20
6.6
DOMBRALY - MINERALISATION ............................................................................................................. 21
6.7
DOMBRALY - EXPLORATION.................................................................................................................... 22
6.8
DRILLING ...................................................................................................................................................... 26
6.8.1
TRENCHING......................................................................................................................................... 28
6.8.2
BULK DENSITY ................................................................................................................................... 28
6.9
DOMBRALY - SAMPLE PREPARATION, ANALYSES AND SECURITY ................................................ 29
6.10
DOMBRALY - DATA VERIFICATION........................................................................................................ 32
6.10.1
QA/QC ANALYSIS ............................................................................................................................... 32
6.10.2
INTRODUCTION.................................................................................................................................. 32
6.10.3
QUALITY CONTROL SUBMISSION.................................................................................................. 33
6.10.4
QUALITY CONTROL SAMPLE MATERIALS .................................................................................. 33
6.10.5
QUALITY CONTROL ASSESSMENT................................................................................................. 35
6.10.6
QA/QC ASSESSMENT.......................................................................................................................... 36
6.10.7
CONCLUSIONS OF QAQC STUDY .................................................................................................... 48
6.10.8
RECOMMENDATIONS ....................................................................................................................... 48
6.11
DOMBRALY - MINERAL PROCESSING AND METALLURGICAL TESTING ...................................... 49
6.12
MCS OCTOBER-DECEMBER 2011 MINERAL RESOURCE ESTIMATES .............................................. 52
6.12.1
SOFTWARE USED ............................................................................................................................... 52
6.12.2
INPUT DATA SUMMARY ................................................................................................................... 52
6.12.3
INPUT DATA ........................................................................................................................................ 52
6.12.4
DATA VALIDATION............................................................................................................................ 53
6.12.5
DESCRIPTIVE AND CLASSICAL STATISTICS................................................................................ 53
6.12.6
AU DISTRIBUTION.............................................................................................................................. 53
6.12.7
NATURAL CUT OFF ............................................................................................................................ 55
6.12.8
DOMAIN INTERPRETATION AND MODELLING ........................................................................... 56
6.12.9
DOMAIN STATISTICS......................................................................................................................... 65
6.12.10
TOP CUTS ............................................................................................................................................. 65
6.12.11
COMPOSITES....................................................................................................................................... 66
6.12.12
GEOSTATISTICS ................................................................................................................................. 67
6.12.13
MCS OCTOBER-DECEMBER 2011 IDW BLOCK MODEL ESTIMATION..................................... 67
6.12.14
BLOCK MODEL ATTRIBUTES .......................................................................................................... 70
6.12.15
RESOURCE CLASSIFICATION.......................................................................................................... 72
6.12.16
MODEL VALIDATION ........................................................................................................................ 72
6.12.17
NOVEMBER 2011 IDW RESOURCE ESTIMATE REPORTING ...................................................... 74
6.13
DOMBRALY - ADJACENT PROPERTIES .................................................................................................. 87
6.14
DOMBRALY - OTHER RELEVANT DATA AND INFORMATION........................................................... 87
6.15
DOMBRALY - INTERPRETATION AND CONCLUSIONS ........................................................................ 87
6.16
DOMBRALY - RECOMMENDATIONS ....................................................................................................... 89
7
REFERENCES AND OTHER SOURCES OF INFORMATION ................................................................ 92
8
DATE AND SIGNATURE PAGES .............................................................................................................. 94
LIST OF TABLES
TABLE 1.
TABLE 2.
TABLE 3.
TABLE 4.
TABLE 5.
TABLE 6.
TABLE 7.
TABLE 8.
TABLE 9.
TABLE 10.
TABLE 11.
TABLE 12.
TABLE 13.
TABLE 14.
TABLE 15.
TABLE 16.
TABLE 17.
TABLE 18.
TABLE 19.
TABLE 20.
TABLE 21.
TABLE 22.
TABLE 23.
TABLE 24.
TABLE 25.
SARY-ARKA LICENCE COORDINATES .......................................................................................... 4

SUMMARY OF DOMBRALY EXPLORATION 1969 TO 1972.......................................................... 16
SUMMARY OF DOMBRALY SAMPLING 1969 TO 1972 ................................................................. 17
DOMBRALY RESOURCE AND RESERVE ESTIMATE 2007 ...................................................... 18
DOMBRALY OFFICIAL RESOURCE AND RESERVE ESTIMATE 2007 ................................... 19
SUMMARY OF DOMBRALY WORK 2002-2005 ............................................................................... 22
2010-2011 DDH SIGNIFICANT INTERCEPTS ................................................................................. 24
2010-2011 RC SIGNIFICANT INTERCEPTS .................................................................................... 25
SUMMARY OF DOMBRALY SAMPLING QUANTITIES ............................................................... 27
NAME AND GRADE OF CRM SAMPLES ........................................................................................ 34
NUMBER OF QA/QC SAMPLES IN THE DIFFERENT 2010-2011DRILLING CAMPAIGNS ...... 36
NUMBER OF QA/QC SAMPLES USED IN PRE-2010 EXPLORATION CAMPAIGNS (EW*
TRENCHES). ....................................................................................................................................... 36
DOMBRALY MARCH 2011 RESOURCE ESTIMATE SAMPLE SUMMARY ............................... 52
SUMMARY OF BASIC PARAMETERS FOR DOMBRALY AU INPUT DATASET ...................... 53
DOMBRALY MINERALISED DOMAIN RAW DATA DESCRIPTIVE STATISTICS ................... 65
DOMBRALY MINERALISED DOMAIN COMPOSITE DATA DESCRIPTIVE STATISTICS...... 67
DOMBRALY IDW SEARCH ELLIPSOID PARAMETERS ............................................................. 69
DOMBRALY INTERPOLATION PARAMETERS ........................................................................... 70
LOW GRADE STOCKPILE BLOCK MODEL ATTRIBUTES......................................................... 70
PIT INFILL BLOCK MODEL ATTRIBUTES ................................................................................... 71
IN SITU BLOCK MODEL ATTRIBUTES ......................................................................................... 71
BASIC SUMMARY STATISTICS FOR DOMBRALY BULK DENSITY SAMPLES ...................... 71
COMPARISON OF DOMAIN RAW, COMP AND BLOCK MODEL MEANS ................................ 73
COMPARISON OF DOMAIN WIREFRAME AND BLOCK MODEL VOLUMES ......................... 73
DOMBRALY NOVEMBER 2011 TOTAL RESOURCES .................................................................. 75
LIST OF FIGURES
FIGURE 1:
FIGURE 2:
FIGURE 3:
FIGURE 4:
FIGURE 5:
FIGURE 6:
FIGURE 7:
FIGURE 8:
FIGURE 9:
FIGURE 10:
FIGURE 11:
FIGURE 12:
FIGURE 13:
FIGURE 14:
FIGURE 15:
FIGURE 16:
FIGURE17:
FIGURE 18:
FIGURE 19:
LOCATION MAP SHOWING ALHAMBRA LICENCE, PROSPECTS AND SURROUNDING

GOLD PROJECTS ................................................................................................................................ 6
GEOLOGICAL MAP OF THE DOMBRALY AREA WITH SOIL AND ROCK CHIP SAMPLES . 10
GEOLOGICAL MAP OF THE DOMBRALY AREA WITH CROSS SECTION LINES (L16, L40)
AND LOND SECTION LINE (A-B) .................................................................................................... 11
CROSS SECTION OF THE DOMBRALY DEPOSIT ALONG LINE L16........................................ 12
CROSS SECTION OF THE DOMBRALY AREA ALONG LINE L40.............................................. 13
LONG SECTION OF THE DOMBRALY AREA, LINE A-B............................................................. 14
SAMPLING PROCESSING SCHEME ............................................................................................... 31
LEGEND FOR STANDARD GRAPHS............................................................................................... 36
DIAMOND DRILLHOLE SAMPLE GRAPH PLOT OF STANDARD SAMPLE STD=21.600 PPM
AU ........................................................................................................................................................ 37
AU ........................................................................................................................................................ 37
DIAMOND DRILLHOLE SAMPLE GRAPH PLOT OF STANDARD SAMPLE STD= 5.530 PPM
AU ........................................................................................................................................................ 38
DIAMOND DRILLHOLE SAMPLE GRAPH PLOT OF STANDARD SAMPLE STD= 1.460 PPM
AU ........................................................................................................................................................ 38
AU ........................................................................................................................................................ 39
REVERSE CIRCULATION DRILLHOLE SAMPLE GRAPH PLOT OF STANDARD SAMPLE
STD=21.600 PPM AU .......................................................................................................................... 39
STD=13.600 PPM AU .......................................................................................................................... 40
STD=5.530 PPM AU ............................................................................................................................ 40
STD=1.460 PPM AU ............................................................................................................................ 41
STD=0.520 PPM AU ............................................................................................................................ 41
SCATTERPLOT COMPARISON BETWEEN ORIGINAL DIAMOND DRILLHOLE FIRE ASSAY
SAMPLES AND PULP DUPLICATES. .............................................................................................. 42
FIGURE20:
SCATTERPLOT COMPARISON BETWEEN ORIGINAL REVERSE CIRCULATION

DRILLHOLE FIRE ASSAY SAMPLES AND PULP DUPLICATES. ............................................... 43
FIGURE21:
SCATTERPLOT COMPARISON BETWEEN ORIGINAL GRAB SAMPLES FIRE ASSAY
SAMPLES AND PULP DUPLICATES ANALYSED IN THE ORIGINAL LAB. .............................. 44
FIGURE22:
SCATTERPLOT COMPARISON BETWEEN ORIGINAL GRAB SAMPLES FIRE ASSAY
SAMPLES AND PULP DUPLICATES ANALYSED IN AN EXTERNAL CONTROL LAB. ........... 44
FIGURE23:
SCATTERPLOT COMPARISON BETWEEN ORIGINAL DIAMOND DRILLING DRILLHOLE
FIRE ASSAY SAMPLES AND LAB DUPLICATES. ......................................................................... 45
FIGURE24:
SCATTERPLOT COMPARISON BETWEEN ORIGINAL REVERSE CIRCULATION DRILLING
DRILLHOLE FIRE ASSAY SAMPLES AND LAB DUPLICATES. ................................................. 46
FIGURE25:
GRAPH PLOT FOR DDH 2010 BLANK SAMPLES ......................................................................... 47
FIGURE26:
GRAPH PLOT FOR RC 2010 BLANK SAMPLES ............................................................................ 47
FIGURE 27:
LOG NORMAL HISTOGRAM DISTRIBUTION FOR LOW GRADE STOCKPILE AU DATASET .
.............................................................................................................................................................. 54
FIGURE 28:
LOG NORMAL HISTOGRAM DISTRIBUTION FOR PIT INFILL AU DATASET ....................... 54
FIGURE 29:
LOG NORMAL HISTOGRAM DISTRIBUTION FOR IN-SITU AU DATASET ............................. 55
FIGURE 30:
PLAN VIEW OF THE LOW GRADE STOCKPILE AND PIT INFILL AU DOMAIN MODELS ... 58
FIGURE 31:
3D VIEW OF THE LOW GRADE STOCKPILE AND PIT INFILL AU DOMAIN MODELS......... 59
FIGURE 32:
PLAN VIEW OF THE IN-SITU AU DOMAIN MODELS (COLOURS) ........................................... 60
FIGURE 33:
3D VIEW OF THE IN-SITU AU DOMAIN MODELS (COLOURS) ................................................. 61
FIGURE 34:
CROSS SECTIONAL VIEW OF LOW GRADE STOCKPILE AU DOMAIN MODELS................. 62
FIGURE 35:
CROSS SECTIONAL VIEW OF PIT INFILL AU DOMAIN MODELS ........................................... 63
FIGURE 36:
CROSS SECTIONAL VIEW OF IN-SITU AU DOMAIN MODELS ................................................. 64
FIGURE 37:
HISTOGRAM OF SAMPLE INTERVALS LOW GRADE STOCKPILE ...................................... 66
FIGURE38:
HISTOGRAM OF SAMPLE INTERVALS IN-SITU ...................................................................... 66
FIGURE 39:
PLAN VIEW OF DOMBRALY LOW GRADE STOCKPILE BLOCK MODEL - AU GRADE
DISPLAY ............................................................................................................................................. 77
FIGURE 40:
PLAN VIEW OF DOMBRALY PIT INFILL BLOCK MODEL - AU GRADE DISPLAY................ 78
FIGURE 41:
PLAN VIEW OF DOMBRALY IN-SITU BLOCK MODELS - AU GRADE DISPLAY.................... 79
FIGURE 42:
PLAN VIEW OF DOMBRALY BLOCK MODELS - AU GRADE DISPLAY................................... 80
FIGURE 43:
3D VIEW LOOKING NE OF DOMBRALY LOW GRADE STOCKPILE AND PIT INFILL
BLOCK MODELS - AU GRADE DISPLAY....................................................................................... 81
FIGURE 44:
3D VIEW LOOKING NE OF DOMBRALY IN SITU BLOCK MODELS - AU GRADE DISPLAY 82
FIGURE 45:
3D VIEW LOOKING NE OF DOMBRALY BLOCK MODELS - AU GRADE DISPLAY ............... 83
FIGURE 46:
3D VIEW LOOKING NW OF DOMBRALY LOW GRADE STOCKPILE AND PIT INFILL
BLOCK MODELS - AU GRADE DISPLAY....................................................................................... 84
FIGURE 47:
3D VIEW LOOKING NW OF DOMBRALY IN SITU BLOCK MODELS - AU GRADE DISPLAY ...
.............................................................................................................................................................. 85
FIGURE 48: 3 D VIEW LOOKING NW OF DOMBRALY BLOCK MODELS - AU GRADE DISPLAY ............... 86
LIST OF APPENDICIES
APPENDIX 1.
APPENDIX 2.
APPENDIX 3.
APPENDIX 4.
APPENDIX 5.
MCS DOMBRALY SITE VISIT REPORT ................................................................................ 100

DOMBRALY PROJECT DATABASE LISTING AND VALIDATION REPORTS ................. 133
DOMBRALY DOMAIN TOP CUT STATS AND GRAPHS ..................................................... 139
DOMBRALY VALIDATION CROSS SECTIONS.................................................................... 145
DOMBRALY IDW RESOURCE NOV 2011 .............................................................................. 151
SUMMARY
This report presents the findings of recent NI 43-101 compliant computerised 3 dimensional resource
estimations for the Dombraly gold project, Akmola Oblast, Kazakhstan which were undertaken between
October 2011 and November 2011. The study was undertaken by ACA Howe International Limited
(ACA Howe) and Micromine Consulting Services UK (MCS).
It is the opinion of ACA Howe and MCS that resources estimated as part of this study meet with
CIM/JORC Inferred and Indicated category classifications based upon quality of input data, modelling
and estimation methodology, interpolation criteria based on sample density, search and interpolation
parameters, understanding and robustness of the geological model, drilling and sample density.
The resource estimation has an effective date of November 27th 2011 and represents a maiden NI 43-101
compliant resource estimation for the project.
Alhambra has six exploration projects within the polygons of one large exploration licence area
extending in aggregate to 9262.5 square kilometres, located in northern Kazakhstan. The area is served
by a network of paved and dirt roads and a railway. There are airports at Aksu near Stepnogorsk and a
medium sized airport at Kokshetau.
Saga Creek Gold Company LLP (Saga Creek) is the local operating company in Kazakhstan, which is
owned 100% by Alhambra.
The license area is in the Charsk Gold Belt between the Vasilkovskoe gold deposit on the northwest and
the Asku gold deposits on the southeast. All operations are conducted through the 100% Alhambra
owned subsidiary Saga Creek.
Dombraly forms one of six exploration projects:
Dombraly,
Shirotnaia,
Zhanatobe,
Kerbay,
North Balusty,
Vasilkovskoe East.
The area forms part of the Caledonian-age Kokchetav-North Tienshan basin and fold system.
Increasingly felsic intrusive magmatism is related to 3 orogenic cycles ranging in age from the PreCambrian to the Hercynian. Mineralisation is mainly hosted by Middle to Upper Ordovician volcanosedimentary rocks of mainly mafic and intermediate composition with interbedded lavas, tuffs and
terrigenous clastic rocks.
The mineralisation is described as volcano-sedimentary hosted, orogenic type. Zhanatobe, Kerbay and
Vasilkovskoe East are also influenced by intrusive magmatism.
Alhambra commissioned ACA Howe and MCS to compile relevant data and complete resource
estimations and prepare a Technical Report on the Dombraly gold project, Akmola Oblast, Kazakhstan.
The resource estimations and this Technical Report are prepared in accordance with CIM best practice
methodology and NI 43-101 for release to the TSX and other markets, and issue on SEDAR. Resource
data and resource estimation sections of the report were prepared by Mr. J N Hogg MSc, MAIG, Senior
Geologist of MCS and Ms. M Sostre MSc, AUSIMM, Resource Geologist of MCS. Other sections were
prepared by Mr. J G Langlands, BSc, FGS, FIMMM, C Eng and Mr. J Emberton, BSc, FIMMM, C Eng
or by J G Langlands and J N Hogg, together.
ii
The scope of work, restricted to the Dombraly resource estimation study, included:
Data preparation, compilation, review and validation,

Site visits,
Geological and grade domain interpretation and modelling,
Block model resource estimation for in-situ, low grade stockpile and pit infill material,
Preparation of a Technical Report in English, using Canadian National Instrument (NI
43-101) reporting standards.
The data on which this report is based are those which were available to ACA Howe and MCS up to
November 2011. Exploration projects are ongoing and, in due course, subsequently available data may
enable further updated CIM compliant mineral resource estimates to be made for Dombraly.
Mineralisation at Dombraly comprises low grade stockpile, pit infill and In situ deposits. Pit infill
material which forms backfill to the open pit is derived from the low grade stockpile.
The mineralisation at Dombraly is typically quartz veins, quartz veinlets and disseminated zones,
containing native gold and pyrite with sporadic galena, arsenopyrite and specularite (haematite). All
mineralised zones and quartz veins strike north-northwest and dip to the northeast at 30 to 65 degrees.
Quartz veins are up to 350 metres (m) long and 1.5 m wide while veinlet and disseminated
mineralisation zones reach 600 m in length and 90 m in width, remaining open at both ends. These
zones are explored by core drilling to depths of 360 m and are open down dip. The oxidation boundary
is variable in depth and in some tectonic zones extends to 380 m from surface.
Between 2002 and 2006, Saga Creek explored the Dombraly area including the mineralisation below the
open pit and sampling of the backfill and low grade stockpile. During this period, 8 trenches totalling
1741 m, 613 rotary air-blast (RAB) drill holes amounting to 4152 m and 10 core holes for a total of
2394 m were completed. Sampling included 354 samples from the trenches, 2076 from RAB drill holes
and 1958 from core holes. The results of the 2010 exploration programme at Dombraly, including 13
DDH and 37 reverse circulation (RC) resource holes in the low grade stockpile and around the open pit,
are included in the present report.
Ongoing exploration programmes are designed to test and further quantify the remaining oxide
resources below and adjacent to the abandoned open pit and to test the various mine waste materials for
suitability for gold extraction by cyanide leaching. Additionally, the work is to test the lateral, oxide and
deeper, sulphidic extensions of the deposit and to identify and explore other gold bearing occurrences in
the area.
For the 2011 resource modelling, raw data used in interpretation and modelling consists of data from
recent and historical diamond drilling and RC drilling, low grade stockpile trench and RAB sampling
exploration work undertaken by Alhambra and previous explorers.
Raw data used as input to grade estimation consists of recent 2010 diamond, RC drill data and 2005 low
grade stockpile trench data.
The boundaries to mineralised zone domains digitised in cross section were interpreted using best
practice industry standard techniques, snapping to drillhole assay intervals, and utilising lithology where
applicable to improve accuracy of location of mineralised zone in 3 dimensions, and to reduce the
inclusion of waste within the mineralised wireframes.
Grade domain modelling was completed for Au, with minimum width of approximately 1m. Where
appropriate, geology was used in combination with grade values to assist zone interpretation.
The following grade domain models were generated across the 3 recognised deposit zones:
iii
Low Grade Stockpile: 2 domains interpreted using an Au cut off value of 0.13g/t Au.
Pit Infill: 1 domain interpreted using an Au cut off value of 0.1g/t Au.
In-Situ: 11 domains were interpreted using an Au cut off value of 0.2g/t Au.
Inverse distance weighting (IDW) method of interpolation was used, which is a non-geostatistical
(classical) method of grade interpolation. In this method, each input sample is weighted according to
some power of the inverse distance from the block to be estimated. Interpolation weights are only
applied to samples found within the search neighbourhood. There are no strict rules for choosing a
power; for gold a value of two or three is often used, with three most common. For iron a power of two
may be appropriate. The lower the power, the more the grades are smoothed, to the point where using a
low power will produce a result which deviates only slightly from the global mean of the data. On the
other hand, higher powers will produce a result that approaches a nearest-neighbour interpolation, with
the sample nearest the block contributing almost all of the weight.
A power of three was chosen for this interpolation given the deposit, grades and commodity type.
The Dombraly block model resource reporting has been based on criteria that were established
according to best practice geological modelling techniques, current understanding of the geological
model, historical interpretations and discussion with Alhambra personnel as described in previous
sections.
Potentially economic mineral resources are being reported by use of an economic cut-off grade
dependent upon the cost of mining and processing the mineralization and the selling price of the final
product.
The economic cut-off grade for Dombraly established using grade and block revenue factors.
Due to the early stage status of the development of the Dombraly deposits, a number of assumptions
have been made with regard to inputs to the calculation of the economic cut-off grade for reporting.
Inputs for the calculation of block revenue for the Dombraly deposit are US$ value per ppm, and
assumed metal % values in concentrate (product).
Inputs for oxide material are based upon actual mining cost data from Alhambras nearby Uzboy open
pit operation, and estimated costs for transitional and primary material taken from recent PEA studies
undertaken on the nearby Uzboy deposit.
Key input data for cut off calculation include:
Gold price - US$1,394/oz

Mining Method open pit
Oxide processing method heap leach
Transitional and primary processing method gravity CIL
Recovery Oxide 70%; Transitional/Primary 85%
Oxide mining cost US$1/t (low grade stockpile and pit infill)/US$1.7/t (in-situ)
Transitional and Primary mining costs US$1.95/t
Processing costs US$3.85/t (oxide), US$6.47/t (transitional and primary)
Using the Au block grade, the above Au metal price and recovery, MCS estimated the revenue per
mined block.
For a mineralised block to be considered economic it must generate higher revenue than it costs to mine.
For a block to be considered economic it must therefore generate greater than US$4.85/t of revenue for
iv
the low grade stockpile and pit infill material, and US$5.55/t and US$8.42/t, for in-situ oxide and
transitional/primary material respectively.
MCS used Micromine software to filter those blocks in the resource model with value greater than the
calculated cost to mine values for economic cut-off grade determination and resource reporting.
Cut off grades used for reporting are 0.1g/t Au for thelow grade stockpile, 0.2g.t Au for the pit infill
zone and 0.1g/t for in-situ oxide material, and 0.2g/t Au for in-situ transitional and primary material
types.
It is MCS opinion that the assumptions made for input to economic cut-off grade determination and
reporting of potentially economic resources are reasonable given the current understanding of the
geology, mineralisation, anticipated mining and processing methods and comparison with similar type
operations.
At Dombraly, a total of 9.3 million tonnes of Inferred resources, grading at 1.01 g/t Au for 301,000
ounces Au have been identified. An additional 0.6 million tonnes of Indicated resources grading
at 1.22 g/t Au have been identified for 22,000 ounces.
A summary of in situ classified inferred resources as of November 2011 for the Dombraly Deposits are
presented in the tables below.
Dombraly Low Grade Stockpile Total Resource by Category and Material Type
Au
Au
Density
Volume
Tonnes
g/t
g
CUTOFF MATERIAL CLASS
t/m3
x 1000 m3
x 1000 t
Indicated
1.67
284
473
1.26
597,000
0.10g/t
Oxide
Inferred
1.67
578
963
1.07
1,033,000
Au
Oz
19,000
33,000
Dombraly Pit Infill Total Resource by Category and Material Type

Au
Au
Density
Volume
Tonnes
g/t
g
MATERIAL CLASS
t/m3
x 1000 m3
x 1000 t
Indicated
1.73
50
86
0.97
83,000
Oxide
Inferred
1.73
525
908
0.82
747,000
Au
Oz
3,000
24,000
CUTOFF
0.20g/t
CUTOFF
0.1g/t
0.2g/t
0.2g/t
0.1g/t
Dombraly In Situ Total Resource by Category and Material Type

Au
Au
Density
Volume
Tonnes
g/t
g
MATERIAL CLASS
t/m3
x 1000 m3
x 1000 t
Oxide
Transitional
Primary
Total
Inferred
Inferred
Inferred
Inferred
2.63
2.61
2.71
2.64
1,043
249
1,364
2,807
2,700
646
3,671
7,446
0.99
1.16
1.12
1.02
2,700,000
750,000
4,099,000
7,601,000
Au
Oz
87,000
24,000
132,000
244,000
Cut off value used here represents economic cut off determined from block revenue factor calculation methodology and input gold price of
US$1,394/Oz.
Class represents resource category under CIM and JORC reporting guidelines.
Top cuts of 10g/t Au and 6g/t Au have been applied to in situ domains A and F gold assay data respectively. Top cuts of 10g/t Au and 5g/t Au
applied to low grade stockpile (lower), and pit infill domains respectively.
Classification of resources for the low grade stockpile and pit infill are restricted to Indicated and
Inferred.
Classification of in situ resources is restricted to inferred category due to the following factors which
introduce uncertainty:
o
o
o
o
o
Limited number of valid drill holes and drill samples clustered in small areas.
The number of valid drillholes are widely spaced along domain extents
A very low number of valid samples per mineralised domain
A low number or no bulk density data for a number of domains and sub-domains
Lack of QAQC data, and quality control issues
On working through the estimation process, it became clear that although the in situ deposit models are
coherent and robust based upon an interpretation of combined historical and recent (valid) drilling, the
domains require significant additional drill testing to increase valid input sample data numbers and
sample density for both grade and bulk density determination, and improved resource block
classification.
Quality control sample data analysis and interpretation raised a number of issues with respect to assay
precision and repeatability. This could be due to nugget effect or sampling error, and will require
follow up investigation studies.
Due to these reasons the restriction and selection of resource classification currently applicable to the
deposit areas are deemed appropriate, particularly for in-situ domains.
Mineral processing and recovery studies were reported in 2005 and 2006 by Kazmechanobr.
Comprehensive leaching test work on composite sample DLT-1 of oxide, reported a head grade of 1.96
g/t Au. This work showed that the agglomerated, minus 50 mm oxide mineralisation can be processed
using heap leaching with a predicted 74.6% recovery of gold during commercial scale production. ACA
Howe noted that very high cement consumption was required. The material of the sample, while typical,
may not be spatially and statistically representative of the whole of the oxide mineralisation.
Column leach test work was carried out on sample DLT-1 -add from the oxide dump terrace, which is
reported to grade 1.52 g/t Au. The combined gold recovery on resin and in the stripping solutions during
the column leach test, was relatively low at 53.33%. This indicates to ACA Howe that commercial scale
recovery will be lower still. Again, high cement consumption was required to maximise gold recovery.
Enlarged bottle roll tests showed that gold recovery from ore crushed to 80% minus 0.074 mm was
around 89%. Good gold recovery from sample DLT-1 -add depends for the most part on fine grain size
following crushing. It is clear that studies of crushing and agglomeration and leaching will be required
to optimise gold recovery from this type of material. ACA Howe suggests that this ore type may be
more suitable for processing by conventional CIL technology (Carbon in Leach). This dump terrace
material, while described as characteristic, is not spatially and statistically representative of the whole of
the oxide mineralisation and it has different mineralogical and relatively poorer metallurgical
characteristics compared with sample DLT-1 material which may be from undisturbed oxide material.
Nine small core samples from oxide, transitional and sulphide mineralisation zones were submitted for
petrographic and chemical analysis and bottle roll cyanidation tests. The sampling intervals range from
25 to 327 m downhole and the weights of samples range from 0.29 to 1.92 kilograms (kg). Gold grades
in the samples range from 1.54 to 23.2 g/t Au. Standard bottle roll tests were conducted, including direct
cyanidation and adsorption leaching with resin. Cyanide leaching showed high gold recovery rates from
oxide and transitional samples of 94% to 98%. Gold recovery from sulphide samples by direct
cyanidation was considerably lower at 29% to 83%. These sulphide ores have a preg-robbing effect, i.e.
the ore contains active natural adsorbent such as organic carbon which adsorbs gold leached into
solution. It is the opinion of ACA Howe that these nine core samples are not spatially and statistically
representative of the whole of the oxide, transitional and sulphide mineralisation and the results of this
study, alone, cannot be used to map the boundaries between these types of mineralisation.
Metallurgical test work on sulphide mineralisation sample DLT-2 includes gravity, froth flotation,
cyanidation and adsorption leaching on an 85.6 kg composite sample of drill core from downhole depths
of 127 to 348 m. The average gold content is reported as 7.19 g/t Au. The sample rock types are
vi
described as carbonaceous sedimentary and tuffaceous sedimentary rocks with dispersed disseminated
pyrite. Detrimental impurities include arsenic and carbon. Gravity separation tests recovered 53.45% of
the head grade gold. Froth flotation tests recovered 86.13% of the gold. Direct cyanidation leach testing
recovered only 17.65% of the gold into cyanide solution due to the presence of carbonaceous shale in
the ore, which acts as a natural adsorbent of gold. Cyanidation leach tests with resin adsorbent recovered
79.23% of the gold to the resin and 64.81% of the gold was recovered from the loaded resin in gravity
tails. It is the opinion of ACA Howe that the sulphidic gold ore represented by sample DLT-2 could be
successfully processed by one of two schemes using 1. Gravity separation and froth flotation or 2.
Gravity separation and conventional carbon- or resin-in-leach technology and that further work is
required to determine which route is economically most beneficial. It is the opinion of ACA Howe that
the Dombraly sulphide ore material represented by sample DLT-2, while described as characteristic, is
probably not spatially and statistically representative of the whole of the sulphide mineralisation.
However, a wide range of metallurgical recovery characteristics has been illustrated, which is a useful
guide for future studies.
The current resource estimations build upon those performed in 2007, where Saga Creek estimated
resources of oxide + backfill + low grade stockpile in Category C2 as 4.25 million tonnes at 1.52 g/t Au;
sulphide to 300 m depth in Category C2 as 0.58 million tonnes at 5.42 g/t Au; sulphide from 300 m to
500 m depth in Category P1 as 0.51 million tonnes at 6.02 g/t Au.
The current models and estimations for Dombraly near surface zones are by no means exhaustive.
Based on available information, ACA Howe and MCS believe that the exploration and resource
development of Dombraly is progressing well and that there is scope to develop a potentially
economically viable gold resource.
Strike and dip directions remain open for a large number of lodes and existing stope and mine level
wireframes indicate the presence of additional structures some previously mined and developed others
yet to be adequately explored and exploited.
Results of the block model estimations for the deposit zones modelled using limited data collected thus
far for the areas are positive, and offer excellent potential for development of significant resources
within the immediate Dombraly mine area. The interpretation of higher grading zones will no doubt
further aid prioritisation of drill targeting and future resource/reserve development.
Open pit production took place in 1985 to 1988 when the price of gold was very low, at US$320 to
US$460 per troy ounce, using a gold cut-off grade of 2.5 g/t Au. With improved heap leaching
techniques and current gold prices, the economics of potential gold production at Dombraly are again
attractive even at much lower grade, well below the historical cut-off grade.
A number issues and sensitivities have been highlighted as part of this study and are outlined below and
expanded upon in the report. These issues ultimately impact on the robustness and confidence of the
geological and resource model and should be considered for improved assessment, estimation of higher
classification of resources and mine planning.
Data Collection
Analysis
Domain modelling
Metallurgical testwork
INTRODUCTION
This report is prepared for Alhambra Resources Limited, of Calgary, Alberta, Canada (Alhambra, the
issuer, the Company) by ACA Howe International Limited (ACA Howe) and Micromine Consulting
Services (MCS).
Alhambra is currently undertaking exploration and development of gold deposits and prospects on their
exploration and mining licences in north-central Kazakhstan, known us the Uzboy Project. Dombraly is
one of a group of exploration projects distributed around the active Uzboy gold mine, comprising:
Dombraly,
Shirotnaia,
Zhanatobe,
Kerbay,
North Balusty,
Vasilkovskoe East.
Alhambra commissioned ACA Howe and MCS to compile relevant data and complete resource
estimations and prepare a Technical Report on the Dombraly gold project, Akmola Oblast, Kazakhstan.
The resource estimations and this Technical Report are prepared in accordance with CIM best practice
methodology and NI 43-101 for release to the TSX and other markets, and issue on SEDAR. Resource
data and resource estimation sections of the report were prepared by Mr. J N Hogg MSc, MAIG, Senior
Geologist of MCS and Ms. M Sostre MSc, AUSIMM, Resource Geologist of MCS. Other sections were
prepared by Mr. J G Langlands, BSc, FGS, FIMMM, C Eng and Mr. J Emberton, BSc, FIMMM, C Eng
or by J G Langlands and J N Hogg, together.
Saga Creek Gold Company LLP (Saga Creek) is the local operating company in Kazakhstan, which is
owned 100% by Alhambra.
Alhambras Qualified Person (QP) is Elmer B. Stewart, M. Sc. P. Geol., who is a technical consultant
for Alhambra. He is the QP responsible for monitoring the supervision and quality control of the
exploration programmes.
Site visits and meetings were undertaken by Mr. Evgenij Zhuravlyov, Senior Geologist, Micromine
Consulting Services (Kazakhstan), between the dates 12th and 14th August 2011, in the company of Mr.
Evgeny Plyushchev, Alhambra (Saga Creek) Consulting Geologist and other Alhambra site personnel.
The purpose of the site visit and meetings was to review deposit geology, receive and review the
available data base, review data collection methodologies and determine modelling criteria for the
purpose of completing an NI 43-101 compliant resource estimation study. A copy of the site visit report
is presented in Appendix 1.
A personal inspection of the Dombraly property was made during the visit to the Uzboy Project by ACA
Howe Senior Associate Mining Engineer, Bruce Brady, and Senior Associate Metallurgist, Gary
Patrick, on 25 November 2010. It was concluded that, for present purposes, Dombraly is an advanced
exploration project. A substantial amount of historical and more recent exploratory work has been
carried out by previous and current owners and exploration activity is ongoing.
The items for resource estimation comprise: 1. in-situ mineralisation, 2. mineralised low grade stockpile
and 3. mineralised open pit back-fill material zones.
This report is based on the findings of the MCS and ACA Howe site visits, desk study, input data
review, data validation, deposit modelling, block model grade interpolation and resource estimation.
The report follows the format for National Instrument 43-101 reports, and provides a template for future
NI 43-101 compliant reports.
2
The mineral resources calculated as part of this study are considered to be reportable resource estimates
compliant with the NI 43-101 reporting requirements and CIM/JORC codes suitable to be filed on
SEDAR.
The sources of information used in the preparation of this report are listed in the section: References and
Sources of Information and are cited in the text where appropriate.
1.1
TERMS OF REFERENCE
The scope of work, restricted to the Dombraly resource estimation study, includes:
Data preparation, compilation, review and validation,

Site visits,
Geological and grade domain interpretation and modeling,
Block model resource estimation for in-situ, low grade stockpile and pit infill material,
Preparation of a Technical Report in English, using Canadian National Instrument (NI
43-101) reporting standards.
The data on which this report is based are those which were available to ACA Howe and MCS up to
November 2011. Exploration projects are ongoing and, in due course, subsequently available data may
enable further updated CIM compliant mineral resource estimates to be made for Dombraly.
Mineralisation at Dombraly comprises low grade stockpile, pit infill and In situ deposits. Pit infill
material which forms backfill to the open pit is derived from the low grade stockpile.
1.2
ACA HOWE INTERNATIONAL LIMITED
ACA Howe International Limited is an internationally recognised, independent geology and mining
consultancy with offices in Canada where it was established in 1961 and in the United Kingdom where
it has operated since 1978.
ACA Howe, its directors, employees and associates do not hold:
any rights to subscribe for shares in Alhambra Resources Ltd, either now or in the future;
any vested interests in any concessions held by Alhambra Resources Ltd;
any rights to subscribe to any interests in any of the concessions held by Alhambra Resources Ltd,
either now or in the future;
any vested interests in either any concessions held by Alhambra Resources Ltd or any adjacent
concessions;
any right to subscribe to any interests or concessions adjacent to those held by Alhambra
Resources Ltd, either now or in the future.
ACA Howe's only financial interest is the right to charge professional fees at normal commercial rates,
plus normal overhead costs, for work carried out in connection with the investigations reported here.
Payment of professional fees is not dependent either on project success or project financing.
1.3
Micromine Consulting Services (MCS) is an internationally recognised, independent geology and

mining consultancy with offices in the United Kingdom, China, Australia, Mongolia, and Kazakhstan.
Micromine Consulting Services have been providing services to the exploration and mining industry
since 1986.
MCS, its directors, employees and associates do not hold:
any rights to subscribe for shares in Alhambra Resources Ltd either now or in the future
any vested interests in any concessions held by Alhambra Resources Ltd
any rights to subscribe to any interests in any of the concessions held by Alhambra
Resources Ltd, either now or in the future
any vested interests in either any concessions held by Alhambra Resources Ltd or any
adjacent concessions
any right to subscribe to any interests or concessions adjacent to those held by
Alhambra Resources Ltd, either now or in the future
Micromines only financial interest is the right to charge professional fees at normal commercial rates,
plus normal overhead costs, for work carried out in connection with the investigations reported here.
Payment of professional fees is not dependent either on project success or project financing.
1.4
UNITS
All units of measurement used in this report are metric unless otherwise stated. Tonnages are reported
as metric tonnes (t), precious metal values (gold and silver) in grams per tonne (g/t) or parts per million
(ppm) and base metal values (tin, copper, lead and zinc) are reported in weight percent (%) or parts per
million (ppm). Other references to geochemical analysis are in parts per million (ppm) or parts per
billion (ppb) as reported by the originating laboratories.
Data is captured and located using Gauss-Kruger grid coordinates (GK) based on the Pulkovo 1942
datum. The Property is located in GK Zone 12.
RELIANCE ON OTHER EXPERTS
ACA Howe and MCS have relied upon the accuracy of all information provided by Alhambra and other
sources cited in this report and have no reason to believe that the information is not accurate.
ACA Howe and MCS have relied upon the translations into English from Russian, provided by
Alhambra and Saga Creek personnel, of all the documentary data cited in the report and listed in the
References and Other Sources of Information where such sources are labeled with the bracketed words
(Contains information originally reported in Russian).
In addition to their own observations during discussions and from the literature, the writers have relied
on information provided by Mr. Evgeny Plyushchev, Alhambra Consulting Geologist, Mr. Richard
Gorton, Alhambra Consulting Geologist, and other site personnel. Part of the information may be
presented to the writers only in verbal communication without any written evidence. The writers
highlight verbal information in this report. The writers consider that the information provided by these
individuals is reliable and relevant.
PROPERTY DESCRIPTION AND LOCATION

3.1
LOCATION
The Dombraly exploration project is located in Figure 1.

4
Subsequent to a licence area reduction which was implemented in 2001 (see below), the Dombraly,
Shirotnaia, Kerbay and North Balusty Projects are located within the boundaries of the East Area of the
Sary-Arka Licence with serial number MG 1029-D, held by Saga Creek.. Zhanatobe is located within
the separate Mamayskoe Area of the same licence. The Vasilkovskoe East project is located in the West
Area of the same licence.
The East Area extends to approximately 3024.5 square kilometers (km). The Mamayskoe Area extends
to 350 km. The Taskuduk Area extends to 157 km. The West Area extends to 5731 km. The total area
of the Sary-Arka Licence is 9262.5 km.
The corners of these licence areas are shown in Table 1 below and the license polygons are shown in
Figure 1. All Government property descriptions utilise latitudes and longitudes and both the Sary-Arka
and Uzboy Licences are described in this way. No property boundaries are surveyed on the ground.
TABLE 1. SARY-ARKA LICENCE COORDINATES

The Dombraly exploration project of this report lies within East Area.
Entire Sary-Arka Licence: MG 1029-D is 9262.50 km
EAST AREA (3024.50 km2)
1
53o26'00''
71o17'00''
2
53o26'00''
71o40'30''
o
3
53 00'00''
72o20'00''
4
52o29'00''
72o18'00''
o
5
52 28'00''
71o48'00''
6
52o40'00''
72o05'00''
7
53o10'00''
71o46'00''
o
8
53 10'00''
71o17'00''
WEST AREA (5731.00 km2)
1
53o18'00''
69 o 30'00''
2
53 o 37'00''
69 o 49'00''
o
3
53 37'00''
70 o 20'00''
4
53o26'00''
70o20'00''
5
53o26'00''
70o41'00''
o
6
53 10'00''
70o41'00''
7
53o10'00''
70o54'00''
o
8
52 47'00''
70o54'00''
9
52o47'00''
69o58'00''
10
53o06'00''
69o55'00''
2
MAMAYSKOE AREA (350.00 km )
1
52o40'00''
71o15'00''
o
2
52 40'00''
71o33'00''
3
52o30'00''
71o33'00''
4
52o30'00''
71o20'00''
o
5
52 35'00''
71o15'00''
TASKUDUK AREA (157.00 km2)
1
53o01'05''
71o10'00''
2
53o04'00''
71o17'00''
o
3
52 57'00''
71o26'00''
4
52o54'00''
71o19'00''
5
There are two exclusion areas in East Area: Baylusty Deposit of 1.32 km and North Baylusty of 2
km. There are seven exclusion areas in West Area: Borovoye Health Resort of 479 km,
Alexandrovskoe Deposit of 2.3 km, Area No. 1 of 0.04 km, Area No. 2 of 0.13 km, Area No. 3
of 0.66 km, Madeniet Nos. 1 and 2 of 68.8 km for placer gold.
The Taskuduk Area of Licence MG 1029-D does not contain any of the exploration prospects identified
here and, therefore, is not mentioned further in this report.
The property boundaries were located by plotting the latitudes and longitudes of the corner points of
Licence No. MG 1029-D, East Area and Mamayskoe Area on Google Earth satellite imagery mosaic
maps. This plot produced boundaries which enclose, or bear the expected spatial relationship with,
recognisable ground features visible on the satellite imagery maps, such as the following. Dombraly is
identified in bold text in the following list.
Alhambras Uzboy open pit, heap leach gold mine (Lat. 53o2133 N, Long. 70o5930 E);
The Vasilkovskoe gold mine which is located about 20 kilometres (kms) west of Alhambras
West Area licence polygon (Lat. 5325'44.57"N, Long. 6914'3.66"E);
The Aksu uranium open pit and waste heap which are located just inside the southern boundary
of Licence No. MG 1029-D, East Area (Lat. 52o2844 N, Long. 71o5941 E);
Dombraly, open pit, dumps, exploration trenches and access roads (Lat. 52 o5455 N,
Long. 72o0433 E);
Shirotnaia, trenches and area of drill holes of 2007 and 2010 (Lat. 5230'40.59"N, Long.
7159'56.27"E);
Zhanatobe, old mine located in the northeast corner of the Mamayskoe Area of Licence MG
1029-D (Lat. 5238'57.76"N, Long. 7131'2.50"E) and access tracks and old earthworks, just
east of centre of prospect at RAB hole JT-0713 (Lat. 5237'26.46"N, Long. 7128'42.79"E);
Kerbay, few old tracks and lines on 2002 satellite imagery, centre of prospect is trench KT-78/1
(Lat. 5237'21.45"N, Long. 72 7'32.91"E);
North Balusty, several trenches of various orientations, centre of prospect is at centre of the
KGK drill line (Lat. 5258'30.25"N, Long. 72 9'6.72"E).
Vasilkovskoe East, several areas of apparently backfilled trench sites and apparently
rehabilitated drill sites, e.g. Akshasor (Lat. 5316'39.89"N. Long. 6946'35.80"E).
3.2
LICENCE AND TENURE
The following licence information which is believed to be up to date, is extracted from a report by ACA
Howe (2009). The legal status of the licence has not been verified by ACA Howe, who are not qualified
to make any judgement on legal issues.
Alhambras 100% ownership of Saga Creek came about as a result of various transactions reported by
ACA Howe (2009), which are summarised below.
In 1996 Cameco Gold Inc. (Cameco) formed a Joint Venture with Goodwin Golems LLP (Goodwin), a
local Kazakhstan company based in Almaty. The Joint Venture company was named the Saga Creek
Gold Company LLP (Saga Creek) and was registered in the form of a joint venture with limited liability
to carry-out mineral exploration and exploitation in Kazakhstan. The Joint Venture was managed and
operated by Cameco with Camecos interest being 80% while Goodwins interest was 20%. Cameco
funded 100% of all expenditures.
Two exploration and exploitation licences in northern Kazakhstan were initially granted to Cameco; the
Sary-Arka Licence (MG 1029-D issued April 8, 1996), a large area of land extending from a point
immediately east of the city of Kokshetau at the northwest end of the licence area, extending in a
southeasterly direction to the mining town of Bestube in the southeast. A second, smaller, licence, the
Uzboy Licence (MG 719D issued May 23, 1996), was located internally within the Sary-Arka licence
and thus was an area excluded from it.
FIGURE 1: LOCATION MAP SHOWING DOMBRALY AREA, PROSPECTS AND

SURROUNDING GOLD PROJETS
The licences were consolidated and re-issued to Saga Creek on 10 February 1997 and are valid for 25
years, with the initial 5 years specifically devoted towards exploration and the remaining 20 years for
mining purposes.
Saga Creek, under Cameco management, carried out exploration efforts on both licences during 1996
and 1997 but concentrated their efforts on the Uzboy prospect itself. In April 2000, Cameco pulled out
of the Joint Venture and transferred its share and obligations to Marsa Aktiengesellschaft (Marsa) of
Mauren, Liechtenstein. After the transfer, Saga Creek was owned by Marsa (80%) and Goodwin (20%).
The ownership of Goodwin was sold in March 2002 to Teragol Investments Limited (Teragol)
incorporated in Cyprus. Saga Creek carried out exploration activity on the Uzboy licence until the end
of 2001. Marsa funded all expenditures since the transfer of ownership through to 2001. Cameco no
longer retains any interest in either the joint venture or the licences.
Pursuant to a Partnership Unit Purchase and Exchange Agreement dated March 21, 2002 (Agreement),
Alhambra agreed to purchase all of the partnership units of Saga Creek and Goodwin Golems, and as a
result, obtained the licences to the Uzboy Property in exchange for 4,000,000 common shares of
Alhambra. Alhambra also agreed to grant to Marsa and Teragol, a net smelter return on production from
the Uzboy Property, based on up to 3% of gross revenue in the event that the weighted average price of
gold is equal to or greater than US$350 per ounce and less revenue for lower gold prices.
The TSX Venture Exchange approved the Transaction in October 2003.
The Republic of Kazakhstan Contract on Foreign Investments had been put in force in 1997 and dictated
that 50% of the initial licence was to be relinquished over time (5 years from the date of granting the
licence). By September 2001, an area in excess of 50% of the total initial licence area had been
relinquished in accordance with the licence conditions. Two mining allotments were granted in
December 2001 to Saga Creek on areas of recognised gold mineralisation at the Uzboy prospect itself.
REGIONAL GEOLOGY
The Dombraly, Shirotnaia, Zhanatobe, Kerbay, North Balusty and Vasilkovskoe East project areas are
all located within the northeast part of the Caledonian-age Kokchetav-North Tienshan basin and fold
system. Four major elongate structural zones within the system form the framework for the region.
Archaean to middle or late Palaeozoic sedimentary, magmatic and metamorphic rocks form the
basement of the region. These are intruded by Cambrian to Devonian age ultrabasics, gabbros, diorites,
granodiorites and granites.
Major deep-seated faults cross the region. Most were generated during the Proterozoic and tend to
separate the different crustal blocks.
The Pre-Cambrian formations are associated with the cores of the oldest anticlinoria. They may be
divided into two large complexes: Early and Late separated by a regional, folded unconformity. The
Early Pre-Cambrian includes complicated, dislocated metamorphic layers ranging from Archaean to
Middle Proterozoic age. This complex of rocks has two clear sub-divisions that are dramatically
different in degree of metamorphism. The lower part includes rocks metamorphosed to amphibolite
facies. Metamorphism of the upper part of the Early Pre-Cambrian is greenschist facies.
The Late Pre-Cambrian is represented by Upper Proterozoic, slightly metamorphosed, volcanosedimentary formations. These underlie the faunally characterised Lower Palaeozoic.
Cambrian rocks consist of conglomerates, conglomerate-breccias, coarse sandstones and argillites with
isolated pods of limestones and calcareous sandstones.
The Ordovician period is represented by thick volcanogenic formations, mainly of mafic and
intermediate composition. The formations are interbedded with layers of terrigenous clastic material and
tuffs and lavas.
The Silurian - Devonian sequence is composed of a basal conglomerate, up to 35 90 m in thickness,
interbedded with sandstones, tuffaceous sandstones and argillites with lenses of limestones. Overlying
rocks are mainly rhyolites with subordinate andesites and tuffs.
Carboniferous rocks are mainly limestones often lying unconformably on the older rocks. They are
overlain by Namurian sandstones and brown coals.
Large areas are covered with continental sandy-clayey lateritic deposits of the Upper Cretaceous,
Palaeogene, Neogene and Quaternary age. Lacustrine and alluvial deposits are widely developed.
Intrusive magmatism is related to three orogenic cycles. The oldest is represented by gneissose rocks
within the Pre-Cambrian series. The early Caledonian intrusives are mainly basic in composition:
gabbros, norites, also pyroxenites, peridotites and dunites. Later intrusions are of granite and
granodiorite. Hercynian intrusives are mainly granites and syenites which form rounded massifs with
areas of more than 100 square kilometres.
Four sets of faults are distinguished, with north-northwesterly, northwesterly, northeasterly and easterly
trends. Some faults were formed during the Pre-Cambrian, others are connected with formation of the
Caledonian synclinoria, or have been developed during the Hercynian orogenic cycle. All major faults
feature a long history of development during which they have changed direction of displacement many
times, both horizontally and vertically.
Dombraly, Shirotnaia, Zhanatobe, Kerbay, North Balusty and Vasilkovskoe East lie within the Charsk
Gold Belt (ACA Howe, 2009, Figure 1) which extends through the northeastern part of Kazakhstan
from China to Russia, trending east-southeastwards over a width of 300 kms and a distance of 1800 kms
within Kazakhstan (Figure 1). The Charsk Gold Belt contains a number of substantial gold deposits and
mines including those near the Uzboy Project area, which are mentioned in the Adjacent Properties
section below.
ADJACENT PROPERTIES
The qualified persons who prepared this report have been unable to verify the available information on
the adjacent properties and this information is not necessarily indicative of the mineralisation on the
Alhambra property.
There are two gold mines located adjacent to or close to the greater Uzboy Project area of licences, also
in the Charsk Gold Belt: Aksu gold mine and Vasilkovskoe gold mine. Aksu is adjacent to Shirotnaia,
located 2.3 km south of the southern boundary of the East Area of Alhambras Licence MG 1029-D.
Vasilkovskoe is located 21.5 kms to the northwest of the westernmost corner of the West Area of
Alhambras Licence MG 1029-D and 116 kms west of the Uzboy mine (Figure 1).
Aksu
Three gold mines in northern Kazakhstan are owned by KazakhGold in which Polyus had a controlling
interest, now sold back to the Assaubayev family, namely - Aksu, Zholymbet and Bestobe (Stiskin et
al., December 2010). Aksu is south of and adjacent to Alhambras Shirotnaia exploration project. Each
of these mines is reported to process about 350,000 tonnes of ore per year
(http://www.mbendi.com/indy/ming/gold/as/kz/p0005.htm#5). Correcting obvious errors reporting
thousands instead of millions on the website http://www.kazakhgold.com/operations/resources, as of
June 2005, Kazakhstan Standard reserve and resource totals for the three mines of B+C1 reserves plus
9
C2+P1 resources of 46.6 million ounces of gold, are reported. The category B+C1 reserves, amounting
to 13.2 million ounces of gold, were split between the mines as follows:
Aksu
44%
Zholymbet
33%
Bestobe
23%
A major exploration programme and mine expansion plan were to be implemented. On the website
http://www.kazakhgold.com/documents/327/Swift%20-%20Investor%20presentation.pdf,
a
map
indicates that these mines were expected to have resources of 8 - 10 million ounces of gold by the end of
2011.
Vasilkovskoe
The Vasilkovskoe gold mine, just west of Alhambras West Area licence polygon, is owned by Kazzinc
of which 51% is owned by Glencore International AG of Switzerland (Glencore) (Stiskin et al.,
December 2010). Vasilkovskoe has a reported resource of 7.7 or 12.6 million ounces of gold (dates
unknown) (Alhambra, January 2011a, Figure 1) and is said to be the largest gold mine in Kazakhstan.
The gold is reported to be associated with tin and tungsten and the mineralisation has a low total
sulphide content. Production of 955 kg of gold is recorded in 2003. Bekzatov (2004) reported the field
has been developed since 1979, proven reserves of 370 tonnes (11.9 million troy ounces) of gold at an
average grade of 2.8 g/t Au and the possibility of open pit mining to a depth of 300 m. As of 2004,
about 10 percent of the deposit had been mined and processed by heap-leaching 1 million tonnes of ore
per year, producing 600 to 900 kg of gold per year. Plans had been made to increase production to 7.4
million tonnes of ore by constructing a new gold extraction plant which was put on stream in 2010.
More recent, detailed information on the mine is difficult to find. Glencore itself reports that Glencore
owns 51% of Kazzinc and Kazzinc owns 100% of the Vasilkovskoe gold mine and 48.3% of the
Novoshirokinskoe gold mine in Russia. Together, Kazzincs six base metal and precious metal mines
have an annual production capacity of 300,000 tonnes of zinc metal; 130,000 tonnes of lead metal;
280,000 tonnes of copper concentrate; 700,000 troy ounces of gold and 6,000,000 troy ounces of silver
(http://www.glencore.com/kazzinc.html ).
DOMBRALY PROJECT
The information sources on which this report is based are cited in the text in abbreviated form and
described in detail in the References and Sources of Other Information section below. A major report
by Begayev and Teleshev et al. (2007), approved by SevKaznedra, a department of the Ministry of
Energy and Mines, describes the Dombraly Project in great detail as on 1 January 2007. The most recent
descriptive summary of the Dombraly exploration project is by Alhambra (January 2011a). The
following report sections are based on these sources. The following text is complemented by Figure 2 to
Figure 6 inclusive.
FIGURE 2: GEOLOGICAL MAP OF THE DOMBRALY AREA

WITH SOIL AND ROCK CHIP SAMPLES
10
(GK - ZONE 13 - PULKOVO 1942)
FIGURE 3: GEOLOGICAL MAP OF THE DOMBRALY AREA WITH CROSS SECTION LINES
(L16, L40) AND LONG SECTION LINE (A-B)
11
FIGURE 4: CROSS SECTION OF THE DOMBRALY DEPOSIT ALONG LINE L16
12
FIGURE 5: CROSS SECTION OF THE DOMBRALY AREA ALONG LINE L40
13
FIGURE 6: LONG SECTION OF THE DOMBRALY AREA ALONG LINE A-B
14
15
6.1
DOMBRALY - PROPERTY DESCRIPTION AND LOCATION
Available information on property description and location, which is common to all the exploration
projects, may be found above in the report section with that name. The following information comes
largely from Alhambra (2011a) and Begayev et al. (2007).
The Dombraly (also known as Dombraly II) gold exploration project is located in Enbekshilder District
of the Akmola Province in northern Kazakhstan, 64 kms north-northeast of the town of Stepnogorsk and
88 kms southeast of Alhambras Uzboy open-pit gold mine. The project area lies well within the East
Area polygon of Alhambras Licence MG 1029-D.
The operational centre of the project is the partially backfilled open pit, independently located on
Google Earth at Latitude 5254'55.27"N and Longitude 7204'32.41"E. The known gold mineralisation
in and adjacent to the old open pit has an estimated north-south strike length of 600 m and a total area of
approximately 20 hectares or 0.2 km. The prospective area is enlarged by outlying soil arsenic
anomalies defined by the 50 ppm As contour and highly gold-anomalous rock chip samples over an area
of 2.5 kms north-south by 2 kms east-west, with the old open pit centrally located on the western side.
The ongoing exploration programme is to test and quantify the remaining oxide resources below and
adjacent to the abandoned open pit and to test the various mine waste materials for suitability for gold
extraction by leaching. Additionally, the work is extended to test the lateral, oxide and deeper, sulphidic
extensions of the deposit and to identify other gold bearing occurrences in the area. All enterprises in
Kazakhstan must conduct environmental monitoring, provisions for which are made in three stages:
prior to the start of operations;
during the progress of work;
after the completion of work.
The first stage of ecological monitoring has been carried out while conducting hydrogeological studies.
The background characteristics of the environment were determined: soils, water and air and a
programme for monitoring for the next stages was developed.
Ecological monitoring will be carried out within the framework of an agreement between Saga Creek
and the Karaganda Branch of Azimuth Energy Services on the basis of a scheme approved by the
Territorial Environmental Control Administration.
6.2
ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE

AND PHYSIOGRAPHY
Dirt roads connect the area to the nearest villages of Zolotaia Niva (15 kms to northwest), Valikhanovo
(30 kms to southwest) and Aksu railway station (50 kms to south). From the latter there is a 16 km
asphalt road to Stepnogorsk (pop. 60,000), the site of Alhambras gold extraction plant and the Saga
Creek subsidiary operating headquarters. The dirt roads are fit for transport only in summer time.
Farming is the main industry of the region.
The project area lies on part of an extensive plain with low relief ridges and wide internal-drainage
valleys and lake depressions. Elevations range from 182 m to 321 m above sea level, with local relief of
1 to 5 m, less frequently 8 to 10 m. The average altitude in the vicinity of Dombraly is 240 m.
The region is characterised by widespread shallow swampy depressions, fringed by small bushes and
aspen and birch forests. It belongs to the tipchak-feathergrass steppes of North Kazakhstan. The swamps
regularly dry up, appearing again after the spring melting of snows and in rainy periods.
16
The region has a sharp continental climate. The coldest months are January and February with average
monthly temperatures of -17C to -20C with the minimum reaching -35C. June and July have the
highest average monthly temperatures of 18C to 22C with the maximum reaching 35C. It starts to
freeze in September, and warm weather comes in the middle of May. Hence, there is a restriction on the
operating season for exploration and this will probably also apply for mining operations.
Annual rainfall ranges from 250 to 300 mm. The long-term average yearly precipitation is 268 mm. The
major portion of precipitation falls in autumn and winter. July and August are the rainiest summer
months. The prevailing wind directions are westerly and southwesterly in summer; northwesterly and
westerly in winter. High winds and dust storms bring problems for farming prior to the hot summer
season.
Electric power for Dombraly is supplied by a 35 kV line from the village of Zolotaya Niva 15 kms to
the northwest. Adequate quantities of potable and process water for mining needs could be supplied
from local boreholes. Factors such as plant sites, potential tailings and waste disposal sites will be
considered as the project develops.
With regard to the sufficiency of surface rights for mining operations, the availability and sources of
power, water, mining personnel, potential tailings storage areas, potential waste disposal areas, heap
leach pad areas and potential processing plant sites, no difficulties are foreseen by ACA Howe since
mining is clearly an acceptable and very active industry in this general area, Alhambra is already
producing gold from Uzboy, the land is generally flat and sparsely populated and this advanced
exploration project is relatively close to the town of Stepnogorsk, Alhambras operational headquarters.
6.3
6.3.1
DOMBRALY - HISTORY
CHRONOLOGICAL OPERATIONS
The Dombraly deposit was discovered in 1966 by the northern party of Zholymbet Prospecting Exploration Group who worked on it during 1966-1968. Further exploration was conducted between
1969 and 1972 by the Tselinograd Prospecting - Exploration Group of Central - Kazakhstan Territorial
Geological Administration.
In 1969 to 1972, the work included a topographic survey, construction of regional and local maps,
trenching, shaft sinking, underground level workings, core drilling and sampling. Surface exploration
and sampling was by means of trenches and bell-pits, spaced at 12 to 25 m. Underground sampling and
mapping was carried out at level -30 m by drifting and cross-cutting every 20 to 25 m. Drilling was
carried out on grids 20 40 m, 40 60 m and 40 x 80 m to a depth of 100 to 180 m.
Summaries of exploration activities during this period are given in Table 2 and Table 3 below.
TABLE 2. SUMMARY OF DOMBRALY EXPLORATION 1969 TO 1972

Type of Work
Prospecting and exploratory drilling
Test drilling
Mechanical trenching
Bell-pits
Shafts with section 9m2
Cross-cutting 4m2
Units
Linear metre
Linear metre
Linear metre
Linear metre
Linear metre
Linear metre
1969-1972
3785.6
1840.0
5416.0
232.8
32.2
720.0
17
TABLE 3. SUMMARY OF DOMBRALY SAMPLING 1969 TO 1972

Type of Work
Core sampling
Chip (spot) sampling
Subsurface channel sampling
Trench channel sampling
Trench spot sampling
Units
Linear metre
Pieces
Linear metre
Linear metre
Pieces
1969-1972
3732.8
425
1954.7
887.2
63
Exploratory core drilling was carried out to study the mineralisation at a depth, below the oxide zone; to
trace controlling structures and to find new mineralised zones and quartz veins. Drilling was carried out
on lines 40 to 60 m apart, with 40 to 80 m between each hole, bearing 260 degrees magnetic at an angle
of 80 degrees and across the strike of mineral bearing structures and zones. Hole diameters were 127
mm to depths of 5 to 6 m, then 108 mm to depths of 50 to 60 m and then 90 mm to the end of each hole.
Drill core was split along its axis and sampled in lengths of 0.2 m to 1.2 m in the mineralisation, 1 m to
2 m for weaker mineralisation and 3 m to 5 m for unmineralised rocks.
In 1969 to 1972, geophysical well-logging of those drill holes deeper than 200 m was carried out by a
specialist team of the Central Geophysical Expedition used the following suite of tools: apparent
resistivity (AR), spontaneous potential (SP), electrode potential (EP); natural radioactivity; hole
deviation; IP exploration - drilling holes; SP exploration - drilling holes; electrical correlation method
(ECM) - direct current. Geophysical studies were conducted using an automatic electronic well-logging
station (AEKS). Diagrams were drawn to 1:200 scale. Gamma-logging was carried out using a
radioactive logger (NGGK Neutron Gamma-Gamma Logging device and RSKM Radioactive
Logging device).
During the mining operations, systematic sampling was carried out. Channel samples with a crosssection 5 by 10 cm and from 0.1 to 1.2 m long were collected. In the shaft, the samples were collected
from all four walls. From the eastern and western walls, continuous vertical sampling was carried out
with sample lengths from 0.2 m to 1 m. From the northern and southern walls, horizontal channels were
sampled at vertical interval of 1 to 1.5 m. In drifts, working faces were sampled at intervals of 1 to 2 m
by horizontal sections. From every section two or three channel samples were collected with lengths of
0.3 to 1.2 m. In the crosscuts, opposite walls were sampled by continuous sectional channels with the
length of sections not exceeding 1.2 m.
Collection of channel samples from trenches and pits was carried out using the same procedure as for
underground workings. However, samples taken from unaltered rock were over lengths of 3 to 5 m.
Sampling in the open pit was carried out in channels on every bench level. The channels were cut across
the strike of mineralisation at intervals of 10 m along the strike, the length of individual samples ranging
from 0.1 to 1.0 m.
Quartz veins with thickness of more than 15 cm and their wall-rocks were sampled separately.
Two gold-bearing bodies were delineated in the oxidised zone. Oxide zone resources were estimated to
a depth of 170 m from surface using a system of geological blocks. The oxide resources were approved
and certified by the Territorial Reserves Committee, Production Geological Enterprise in Protocol # 3411 of February 27, 1981.
At a cut-off grade of 3.0 g/t Au the following resources were approved:
Category 1 87793 tons of ore, 949 kg of gold at an average gold grade of 10.8 g/t
Category 2 77017 tons of ore, 631 kg of gold at an average gold grade of 8.2 g/t.
From 1985 to 1988 open pit mining to a depth of 60 m in the oxide material was carried out by a small
mining cooperative, Prospecting Crew Enbek of Mining and Processing Works Kazzoloto. The
18
cooperative is reported to have produced 140,000 tonnes of ore grading 6.96 g/t Au, using a 2.5 g/t Au
mining cut-off and produced 949.0 kg of gold.
In summary, since 1966, the Dombraly prospect has been intensely explored by various methods
including trenches, pits and shallow underground workings. Wider spaced drilling has probed the
transitional material and sulphides to a depth of 170 m. From 1985 to 1988 open pit mining produced
949.0 kg of gold. The pit has been partially backfilled and reclaimed.
Saga Creek, Alhambras wholly owned operating subsidiary in Kazakhstan, resumed exploration in
2002, the details and results of which are described in later sections of this report.
6.3.2
HISTORICAL MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES
An English translation prepared by Alhambras Calgary office, of a report by Begayev et al. (2007)
includes a summary of Kazakhstan standard reserves. In March 2006, the State Reserve Committee of
the Republic of Kazakhstan provided Saga Creek with detailed tabulated recommendations concerning
estimation of resources and reserves. According to Begayev et al. (2007), these recommendations have
been completely executed. A report was required containing a resource estimate in categories 1 and 2,
and the estimate to be approved by the State Geology and Subsurface Management Committee of the
Republic of Kazakhstan.
The given category C2 reserves of the oxidised ores down to approximately 60 m, plus the backfilled
rock mass within the pit outline plus the waste pile are here rounded down to 4.25 million tonnes at an
average grade of 1.52 g/t Au containing 6.48 tonnes of gold. The given category C2 reserves of
sulphide ores to a depth of 300 m in category C2 are here rounded down to 0.58 million tonnes at an
average gold grade of 5.42 g/t Au containing 3.12 tonnes of gold. Inferred resources in category P1 to a
depth of 500 m are here rounded down to 0.51 million tonnes at an average grade of 6.02 g/t Au. These
results are tabulated below in Table 4.
Begayev (2007) describes inferred P1 Category Kazakhstan standard resources which are those in the
Table 4 below. It is acknowledged that an opportunity to increase the Kazakhstan standard reserves of
the Dombraly oxides is limited to the southeastern flank of the known mineralisation. At present, this
area is covered by waste rock and exploration work is thereby precluded except in the long term.
However, there is a possibility that oxides located 10 to 15 kms to the northeast at North Balusty may
eventually be integrated with those of Dombraly.
TABLE 4. DOMBRALY RESOURCE AND RESERVE ESTIMATE 2007
Type
Category of
certainty
Tonnes
million
Oxide + backfill + low

grade stockpile
C2
4.25
Grade
g/t Au
1.52
Sulphide to 300 m depth

Sulphide from 300 m to
500 m depth
C2
P1
0.58
0.51
5.42
6.02
Gold
t
6.48
3.12
3.07
E. Plyushchev (2011, pers. comm., 26 January.) wrote that the Dombraly reserves and resources were
reviewed by the Kazakhstan State Reserve Committee as follows in Table 5 below, in which numbers
are rounded to the second decimal place.
19
TABLE 5. DOMBRALY OFFICIAL RESOURCE AND RESERVE ESTIMATE

2007
Type
Oxide
Oxide
Sulphide
Sulphide
Category of
certainty
C2
P1
C2
P1
Tonnes
million
3.68
0.57
0.58
0.51
Grade
g/t Au
1.62
0.89
5.42
6.02
Gold
t
5.97
0.51
3.12
3.07
It is clear from a comparison of the above Tables 4 and 5 that 4.25 million tonnes of C2 oxide of Table
4 have been officially reclassified as 3.68 million tonnes of C2 and 0.57 million tonnes of P1 category
oxides in Table 5 above.
These Kazakh standard reserves and resources estimates are probably reliable in the context in which
they were estimated and based on the available information at the time. However, these estimates are
not described in accordance with the categories set out in NI 43-101.
Formal, independent, CIM compliant resource estimation work on Dombraly was curtailed in August
2008 after the related site visit by an ACA Howe geologist (ACA Howe, 2 June 2008). The status of the
Dombraly resource estimation project was described by another ACA Howe geologist (ACA Howe, 6
September 2008).
CIM compliant mineral resources and mineral reserves had not been previously estimated for this
relatively advanced exploration project due to the fact that any CIM compliant resource estimates would
be fragmentary, for two main reasons:
1. Only the top metre of Saga Creeks RAB drill samples of the Dombraly waste dump were useable
under CIM due to probable contamination of deeper samples in holes up to 14 m deep (White, 2008).
2. The drill sample and assay data of nine angle core holes drilled at depth into the sulphide zone below
the open pit were available. However, the drill and sample data above these intercepts up to the floor of
the presently inaccessible flooded pit are from non-compliant historical drilling. The drill and assay data
from ten RC holes surrounding the pit were not then available. Therefore, available drill data could be
used only to estimate the deeper, presumably sulphidic, resource and not the resource immediately
adjacent to the pit slopes and floor.
6.3.3
HISTORICAL ESTIMATES OF MINERAL POTENTIAL
The quantity and grade, expressed as ranges, of potential mineral deposits at Dombraly which is a target
of ongoing exploration are described below. The potential quantities and grades are conceptual in
nature, there has been insufficient exploration to define CIM compliant mineral resources and it is
uncertain if further exploration will result in the target being delineated as a CIM compliant mineral
resource.
Alhambra (January, 2011a) reporting a News Release dated May 15, 2008, have estimated the oxide
potential as 5 to 7 million tonnes with gold grades ranging from 1.40 to 1.80 g/t Au based on: results from the historical and current exploration and historical mining information;
core drilling completed in 2005 which showed that the oxide portion of the gold mineralisation
extends to a depth of 100 m with a minimum strike length of 400 m, which is open along strike
to the north and south;
the average grade of all channel samples collected from the waste pile produced from the old
open pit.
20
That being said, Saga Creek has prepared a detailed report, including Kazakhstan standard resource
estimates in reserve category C2 and resource category P1, which may form the basis for a
prefeasibility study in due course (Begayev et al., 2007).
Prior to the CIM compliant resource estimates reported below in 2012, the estimates of the potential
quantities and gold grades for NI 43-101 compliant disclosure were as follows, combining the C2
reserve and P1 resource estimates reported by Begayev et al. (2007) and revised by the Kazakhstan
State Reserve Committee:
Dombraly oxide zone potential mineralisation plus backfill plus low grade stockpile:
4 to 5 million tonnes with between 0.9 and 1.6 g/t Au.
Dombraly sulphide zone potential mineralisation to a depth of 500 metres
0.9 to 1.3 million tonnes with between 5.4 and 6.0 g/t Au.
6.4
6.4.1
DOMBRALY - GEOLOGICAL SETTING
DOMBRALY - REGIONAL GEOLOGY
The regional geology is common to all the exploration projects and is described above in the report
section with that name.
6.4.2
DOMBRALY - LOCAL AND PROPERTY GEOLOGY
Middle to Upper Ordovician volcano-sedimentary rocks underlie the project area, including sandstone,
tuffaceous sandstone, siltstone and siliceous limestone. The upper part of the sequence is composed of
porphyritic pyroxene andesite-basalt lava and tuff, interbedded with felsic volcanics. All rocks are
intruded by Late Ordovician sub-volcanic dolerite, andesite and trachyandesite. The sequence has been
isoclinally folded with fold limbs dipping northeast and with northward plunging fold axes.
The limb of the synclinal fold that contains the deposit, is complicated by two systems of faults:
1) The main fault or dislocation is a northeasterly trending thrust-breccia zone, dipping to the east and
southeast at angles of 60 to 70 degrees. The thickness of the zone on the southern limb of the fold
ranges from 3 to 6 m. On the northern limb of the fold and beyond, the zone could not be followed by
workings due to the presence of a thick clay-like material reaching a depth of 150-170 m. A small gold
occurrence has been found within the breccia zone.
2) The mineralised host structures are a series of sub-parallel, northwest trending shatter zones that are
associated with the main fault in the form of fringing left-lateral branches. The dip of the fault plane
ranges from 45 to 65 degrees eastwards. The shatter zones have been identified in mine workings, in
drill holes and by using geophysical methods. They are intensively chloritised and show an increased
content of arsenic. The shatter zones are filled with angular fragments of tuffaceous sandstones,
siltstones of various colours (from greenish-grey to lilac) and limestones with a chloritic matrix.
Both faults are accompanied by numerous ruptures and shear fractures filled with quartz. Often, where
faults come together, a network of fine, en-echelon cracks has formed, giving rise to stockwork
mineralisation.
6.5
DOMBRALY - DEPOSIT TYPES
The mineralisation is described as belonging to a volcano-sedimentary hosted, orogenic type and is

represented by quartz veins, quartz veinlets and disseminated mineralisation zones containing native
21
gold and pyrite with sporadic galena, arsenopyrite and specularite (haematite) in the primary
mineralisation. The tuffaceous sedimentary rocks hosting the gold mineralisation are propylitised. The
highest degree of hydrothermal-metasomatic alteration is found in the central part of the altered zone,
where the rocks are sericite-chlorite-quartz metasomatites. They contain broken areas penetrated by fine
veins and streaks of quartz within a siliceous matrix impregnated by sulphides.
The primary mineralisation is deeply weathered and oxidised to variable depths in excess of 60 m below
surface reaching maxima in tectonic zones. For example, in drill hole DDD 48-04 oxidation extends to
380 m from surface. The gold bearing oxides are the main target for short term open pit exploitation.
6.6
DOMBRALY - MINERALISATION
The mineralisation occurs as quartz veins, quartz veinlets and disseminated mineralisation zones
containing native gold and pyrite with sporadic galena, specularite (haematite) and arsenopyrite.
Metallurgical samples taken from the primary zone of gold mineralisation indicated sulphide content
less than 2% although some maximum values of 15 to 18% were established. All zones and quartz veins
strike north-northwest and dip to the northeast at 30 to 65 degrees. Quartz veins are up to 350 m long
and 1.5 m wide while veinlet and disseminated mineralisation zones reach 600 m in length and 90 m in
width, remaining open at both ends. They are explored to depths of 360 m and are open down dip. The
oxidation boundary is variable in depth reaching maxima in tectonic zones. In drill hole DDD 48-04
oxidation extends to 380 m from surface.
The mineralised bodies do not have obvious geological boundaries and have been separated only by
gold grade. Using a cut-off grade of 0.3 g/t Au, a main mineralised body and seven smaller lenses have
been defined within the limits of the zone of oxidation.
The Main Body contains 73.6% of the total gold. It has been studied by core drilling and underground
workings and has been traced along strike at surface. It has been tested to a depth of 300 m but has not
been explored down the plunge. Oxide ores were mined by an open pit to a depth of 60 m between
1985-1988. In plan, the body has an irregular lenticular shape, 300 to 500 m long and 50 to 60 m wide.
To the north, the body narrows sharply. It dips to the east at 45 to 60 degrees with a northerly pitch of
20 degrees in the zone of oxidation and 45 degrees at depth. In long section the body has an asymmetric
lenticular shape and, in its lower part, it is split into a number of branches. A series of quartz veins and
zones of stockwork quartz occur along its axial plane.
Lenses 1, 2 and 3 lie immediately adjacent on the hangingwall side of the main lens.
Lens 1 is a branch of the Main Body. The gold content of Lens 1 comprises 1.3% of the total for the
whole deposit. The lens has a northwesterly strike with a northeast dip of 35 to 40 degrees. Its pitch
matches that of the main ore body. In plan and in profile, the lens has a simple lenticular form. It is well
delineated by drill holes in the oxidation zone. In the primary zone, hole 401 hit only weak
mineralisation when testing its extension.
Lens 2 is also a branch on the hangingwall side of the Main Body. The gold content comprises 7.0% of
the total known gold. It is lenticular in plan and strikes northwest with a 40 degree dip to the northeast.
It pitches northwest at 50 degrees. The lens is well defined by holes in the oxidation zone and it has
been tested by six drill holes to a depth of 250 m. The shape is a simple lens.
Lens 3 is another branch on the hangingwall side of the Main Body. It contains 9.5% of the total known
gold. The lens also strikes northwest with a northeast dip at 40 degrees. It pitches northwest at 20
degrees. It appears to be well delineated by drilling.
Lens 4 is adjacent to the footwall side of the main body. It contains 2.3% of the total known gold. It
strikes northwest and dips at 40 to 50 degrees to the northeast. It pitches at 70 degrees to the northwest.
It appears well delineated by drilling.
22
Lens 5 is located on the footwall side of the Main Body and is en echelon with Lens 4. It contains 3.4%
of the total known gold. It strikes northwest with a northeast dip of 70 to 80 degrees. This lens has been
only partially delineated by drilling.
Lens 6 has been mapped on the hangingwall side of Lens 3. It strikes northwest with a northeast dip of
40 to 45 degrees. The lens has been only partially delineated by drilling.
Lens 7 lies on the footwall side of Lens 5. It also strikes northwest with a 70 degrees northeast dip. It is
estimated the gold content of the lens may be 2.5% of the total for the whole deposit but further drilling
is required in depth and on its southeastern side.
There is another gold showing located 2.5 kms north-northwest along the main mineralisation trend at
the open pit called Liparitovoe.
6.7
DOMBRALY - EXPLORATION
Between 2002 and 2006 Saga Creek, the wholly owned subsidiary of Alhambra, explored the Dombraly
area including the down dip and strike extensions of the gold mineralisation. It included exploration of
the mineralisation below the profile of the open pit and sampling of the backfill andlow grade stockpile.
During this period, 8 trenches totalling 1741 m, 613 RAB drill holes amounting to 4152 m and 10 core
holes for a total of 2394 m were completed. Sampling included 354 samples from the trenches, 2076
from RAB drill holes and 1958 from core holes. A summary of work during 2002-2005 is given in Table
6 below.
TABLE 6. SUMMARY OF DOMBRALY WORK 2002-2005

Description
Core drilling
RAB drilling
RAB drilling
RAB drilling
Trenches
Trench channel sampling
Drill cutting sampling
Core sampling
Technological (process) sampling
Bulk sampling
Technological mapping sampling
Blocks for determination of bulk
density
Area
Open pit site
Around of open pit
Open pit
Low grade stockpile
Low grade stockpile
Units
m
m
m
m
m3
sample
sample
sample
sample
sample
sample
sample
Number
10
47
49
110
Total
2394
1004
424
1284
3656.7
1742
1361
1958
3
61
11
5
In 2005, a topographic field survey was carried out at 1:1000 scale during which all the old and new
exploratory works were integrated. The topographic survey was carried out by the appropriate
department of the Karaganda branch of Azimuth Energy Services Ltd.
Between 2004 and 2005, core drilling and RAB drilling programmes were carried out by
Stepnogorskaya GRP Ltd (Stepnogorskaya). For some of the core drilling, Stepnogorskaya used Boart
Longyear SSK type wire-line equipment and double-tube core barrels complete with a hydraulic
submersible impact tool and an ejector. The exploratory core holes were drilled at an angle of 60
degrees at a diameter 108 mm for the first 5 m. Thereafter, the hole diameter was 76 mm, producing 42
or 40 mm diameter cores. Depending on the drilling conditions and equipment used, drill run lengths
ranged from 0.3 to 1.5 m, with an average length of 1.0 m in normal conditions and reaching 2.0 m with
SSK equipment. The depth of inclined holes ranged from 97.0 m to 202.8 m; vertical holes from 44.0 m
23
to 54.0 m. The angle of 60 for exploratory drilling allowed for mineral intersections at an angle close to
90. The average core recovery was 90 to 92% and 95% for Boart Longyear drill strings. The core
samples were marked and placed into standard boxes.
The air-flush RAB holes were intended to test the extension of the oxidised gold mineralisation at depth,
as well as above the level of ground water. These holes were drilled vertically with a diameter of 76
mm. Slurry recovery was in the range 95-100%. However, although drilling below the level of ground
water is technically feasible the slurry material is lost and enriched with heavy residues. For verification
of RAB drill sample quality, eight trenches 2.5 m deep were dug along the lines of holes. The trenches
were tested with 2.0 m long vertical trench channel samples. The results of correlation of trench wall
channel sampling with upper intervals of the RAB drilling proved satisfactory, but not so at depth.
The grid for the RAB drill holes within the open pit envelope was based on lines 40 m apart with holes
spaced at 10 m intervals on the lines. The holes were drilled down to the level of the pit water. Vertical
air-drilled holes on the surface of the dumps were drilled on grids of 40 x 50 m and 60 x 50 m. Drilling
was continued to the base of the dump.
The east-west lines for exploration of the oxidation zone were laid out at 40 m intervals. Continuity of
the mineralisation along the extension of the various bodies was verified by reference to the position of
the mine workings.
The achieved density of the exploration grid fully complies with the recommendations for prospecting
and exploration of mineral reserves issued by the State Committee on Reserves of Kazakhstan with
regard to exploration of 2 reserves in category III of structural complexity.
The main mineralised body has been well-explored and completely delineated all over the area of the
site and to its full depth of oxidation, except at its southernmost end. Here it is narrow and of low gold
grade.
The mine waste in the open pit was explored by air flush drilling down to the level of the pit water.
The level of exploration of the dumps is sufficiently uniform, and those reserves may be classified as
category 2.
In 2010-2011 Saga Creek completed further testing of the mineralised low grade stockpile, pit infill and
in-situ gold mineralised zones. Exploration of the oxide, transitional and primary zones was done by
RC drilling and diamond drillcore holes using Longyear equipment.
Exploration core drilling was done by skid-mounted drilling rigs ZIF-650 and SKB-5. Thirteen holes for
a total of 3441 m were drilled at an angle of minus 60 degrees westwards. Drilling was done with 108
mm diameter equipment to a maximum depth of 5 m. After installation of a collar casing, the drilling
continued using Longyear double-tube core barrels. The drilling diameter was 76 mm and the diameter
of the core was 40-42 mm. Average core recovery was greater than 90%. Core was marked and stored in
standard boxes.
Thirty-seven RC holes were drilled for a total of 880 m to test oxide gold mineralisation in the
mineralised low grade stockpile and pit infill zones. The diameter of drill rods was 76 mm. Recovery
of slurry material was 59-100. Within the low grade stockpile, drill holes (RCW prefix) were vertical,
within the pit infill zone, RC drill holes (RCD prefix) were angled minus 60 degrees to the west.
To confirm the quality of the earlier RAB drilling in the mineralized low grade stockpile, a total of 8
trenches with a depth of 2.5 m were excavated along the drill lines. Trenches were sampled vertically
with sample length of 2 m. Comparison of trench and RAB drill results show satisfactory correlation.
Significant intercepts from Alhambra drilling conducted on the project are presented in Tables 7 and 8
below.
24
TABLE 7. 2010-2011 DDH SIGNIFICANT INTERCEPTS

Hole ID
From
DDD1502
0.0
DDD1502
44.0
DDD1502
49.0
DDD1502
88.0
DDD1502
103.0
DDD1503
75.0
DDD1503
94.0
DDD1503
106.0
DDD1501
23.0
DDD1501
40.0
DDD1501
46.0
DDD1501
75.0
DDD1501
81.0
DDD1501
94.0
DDD1501
152.0
DDD0702
97.7
DDD0703
19.0
DDD0703
24.6
DDD0703
187.6
DDD4803
216.1
DDD4803
221.1
DDD4803
296.5
DDD0701/1
78.3
DDD0001
17.5
DDD0001
37.0
DDD0001
184.0
DDD0003
34.5
DDD0003
38.5
DDD0003
106.9
DDD0003
110.9
DDD0002
0.0
DDD0002
26.0
DDD0002
96.8
DDD4804
220.0
DDD4804
298.6
DDD4804
312.6
DDD4804
321.6
DDD4804
330.6
To
Length DataType
1.0
1.0 core sample
46.0
2.0 core sample
50.0
1.0 core sample
89.0
1.0 core sample
105.0
2.0 core sample
77.0
2.0 core sample
95.0
1.0 core sample
107.0
1.0 core sample
24.0
1.0 core sample
42.0
2.0 core sample
47.0
1.0 core sample
76.0
1.0 core sample
82.0
1.0 core sample
95.0
1.0 core sample
156.0
4.0 core sample
101.7
4.0 core sample
22.0
3.0 core sample
26.6
2.0 core sample
189.0
1.4 core sample
218.1
2.0 core sample
226.4
5.3 core sample
297.5
1.0 core sample
79.9
1.6 core sample
19.5
2.0 core sample
38.0
1.0 core sample
185.0
1.0 core sample
35.5
1.0 core sample
39.5
1.0 core sample
107.9
1.0 core sample
112.9
2.0 core sample
1.0
1.0 core sample
38.0
12.0 core sample
97.8
1.0 core sample
222.0
2.0 core sample
303.6
5.0 core sample
316.6
4.0 core sample
322.6
1.0 core sample
332.6
2.0 core sample
Au Fa
2.03
1.16
0.52
0.54
1.85
0.76
0.84
0.83
1.88
2.83
0.68
0.89
1.29
1.15
0.78
3.62
3.95
2.67
1.34
1.31
3.43
0.88
0.59
0.97
4.59
1.55
0.84
5.52
1.07
20.95
0.60
1.25
0.75
0.57
0.64
0.69
1.12
0.78
Area
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
In Situ
East
13303515
13303492
13303490
13303471
13303463
13303556
13303547
13303541
13303398
13303407
13303410
13303424
13303427
13303434
13303463
13303435
13303554
13303551
13303470
13303470
13303467
13303430
13303396
13303336
13303345
13303419
13303515
13303513
13303479
13303477
13303467
13303451
13303418
13303572
13303532
13303525
13303521
13303516
North
5868843
5868843
5868843
5868843
5868843
5868843
5868844
5868844
5868843
5868843
5868843
5868843
5868843
5868843
5868842
5868920
5868920
5868920
5868924
5869481
5869481
5869482
5868930
5869003
5869003
5869004
5869001
5869001
5869001
5869001
5869002
5869002
5869002
5869485
5869485
5869485
5869485
5869485
RL
230
191
187
154
140
165
149
139
207
192
187
162
157
146
94
144
213
209
68
41
35
-28
160
213
197
70
200
197
138
134
230
203
147
37
-33
-44
-51
-59
13303474 5869483 132
DDD4804
415.4 417.4
2.0 core sample
3.06 In Situ
Intercepts calculated using a 0.5g/t Au trigger value, minimum width 1m, no more than 2m consecutive waste, overall grade
greater than 0.5g/t Au.
25
TABLE 8. 2010-2011 RC SIGNIFICANT INTERCEPTS

Hole ID
RCD0801
RCD0802
RCW0101
RCW0101
From To Length DataType

0 24
24 RC chip sample
1 8
7 RC chip sample
5
2 RC chip sample
16 17
1 RC chip sample
RCW0102
1 RC chip sample
RCW0103
1 RC chip sample
15 16
1 RC chip sample
RCW0103
RCW0201
RCW0201
1 RC chip sample
16 18
2 RC chip sample
RCW0202
1 RC chip sample
RCW0202
1 RC chip sample
RCW0203
2 RC chip sample
15 16
1 RC chip sample
RCW0204
RCW0301
1 RC chip sample
RCW0302
2 20
18 RC chip sample
RCW0401
1 10
9 RC chip sample
RCW0402
2 10
8 RC chip sample
RCW0403
1 RC chip sample
RCW0403
1 RC chip sample
RCW0501
9 RC chip sample
RCW0502
3 RC chip sample
RCW0502
1 RC chip sample
RCW0503
1 10
9 RC chip sample
RCW0504
4 RC chip sample
RCW0505
1 RC chip sample
Au Fa Area
1.14 Pit Infill
0.74 Pit Infill
Low grade
0.90 stockpile
Low grade
0.83 stockpile
Low grade
0.62 stockpile
Low grade
0.78 stockpile
Low grade
1.04 stockpile
Low grade
1.93 stockpile
Low grade
0.72 stockpile
Low grade
0.90 stockpile
Low grade
2.22 stockpile
Low grade
0.86 stockpile
Low grade
0.58 stockpile
Low grade
0.75 stockpile
Low grade
1.55 stockpile
Low grade
0.61 stockpile
Low grade
2.69 stockpile
Low grade
1.37 stockpile
Low grade
0.57 stockpile
Low grade
3.50 stockpile
Low grade
0.56 stockpile
Low grade
0.53 stockpile
Low grade
1.34 stockpile
Low grade
1.99 stockpile
Low grade
0.54 stockpile
East
North
RL
13303408 5869093 207
13303461 5869093 213
13303264 5868493 241
13303264 5868493 230
13303312 5868470 243
13303354 5868449 241
13303354 5868449 229
13303267 5868547 245
13303267 5868547 229
13303318 5868526 244
13303318 5868526 240
13303366 5868501 244
13303414 5868479 229
13303334 5868570 243
13303384 5868543 233
13303429 5868589 231
13303472 5868570 230
13303516 5868551 235
13303516 5868551 230
13303367 5868666 230
13303417 5868643 233
13303417 5868643 229
13303465 5868621 230
13303513 5868598 233
13303549 5868580 235
26
RCW0601
6 RC chip sample
0.58
RCW0602
6 RC chip sample
2.24
RCW0603
4 RC chip sample
0.74
RCW0604
4 RC chip sample
1.11
RCW0701
7 RC chip sample
0.93
RCW0702
RCD1401
RCD1402
RCD1402
RCD1403
RCD1403
RCD1403
RCD1403
RCD1403
RCD1403
RCD1404
RCD1404
RCD1404
RCD1405
3
0
1
23
1
11
29
33
43
49
0
40
47
0
8
1
15
26
6
25
30
34
44
50
31
44
48
10
5
1
14
3
5
14
1
1
1
1
31
4
1
10
RC chip sample
RC chip sample
RC chip sample
RC chip sample
RC chip sample
RC chip sample
RC chip sample
RC chip sample
RC chip sample
RC chip sample
RC chip sample
RC chip sample
RC chip sample
RC chip sample
1.65
0.52
0.95
1.00
0.82
0.75
0.96
0.59
6.87
1.07
1.62
1.83
1.43
0.76
Low grade
stockpile
Low grade
stockpile
Low grade
stockpile
Low grade
stockpile
Low grade
stockpile
Low grade
stockpile
Pit Infill
Pit Infill
In Situ
Pit Infill
Pit Infill
In Situ
In Situ
In Situ
In Situ
Pit Infill
In Situ
In Situ
Pit Infill
13303388 5868718 231

13303439 5868694 232
13303488 5868671 230
13303534 5868649 229
13303374 5868771 229
13303480
13303313
13303358
13303350
13303409
13303402
13303396
13303394
13303389
13303386
13303453
13303439
13303437
13303502
5868722
5869144
5869146
5869146
5869143
5869143
5869143
5869143
5869143
5869143
5869143
5869143
5869143
5869143
230
216
209
195
214
201
191
188
179
174
204
181
177
215
Intercepts calculated using a 0.5g/t Au trigger value, minimum width 1m, no more than 2m consecutive waste, overall grade
greater than 0.5g/t Au.
6.8
DRILLING
The following information was compiled from Saga Creeks report of 2007 (Begayev et al., 2007) and
modified in consultation with Saga Creek, for the description of sampling methodologies prior to the
recent 2010-2011 exploration programmes.
It is reported that systematic sampling of mine workings was carried out between 1969 and 1972.
Channel samples were collected from the walls of the shaft and drives. Additionally, samples were taken
from trenches and pits within the open pit as described above under History.
In 1969 to 1972, two 600 kg bulk samples were collected from the underground mine workings at the
30-m horizon for a study of gold recovery. During 1969 to 1972, thirty-five waxed samples were
collected from mine workings and openings and sent to the Aksu Mine laboratory for the determination
of bulk density.
Slurry sampling was conducted during RAB drilling. A 1.5 to 2.0 kg sample of the cuttings was split
from the discharge and then further split into a sample for analysis and its duplicate. This control of the
slurry sampling for RAB holes was developed during the exploration of the oxidation zone of the Uzboy
deposit in 2003. A total of 68 duplicate samples were analysed and compared to their originals and it is
reported that variation in results was calculated as plus or minus 2.4%.
Diamond drill samples ranging from 0.8 m to 1.5 m in length depending on the nature of the rock are
split longitudinally by diamond saw. The resulting sample weighed approximately 1.3 to 2.8 kg with a
core diameter of 40 42 mm. In the oxidised zone, where the core presented a loose mass, the samples
27
were divided into two manually under a geologist's supervision. The samples were packed into bags
marked with the hole number and depth interval, and sent to the laboratory of KhAL Quartz in
Semipalatinsk for sample preparation. The remaining core was packed into wooden crates for storage in
the core-shed of Saga Creek in Stepnogorsk.
In 2004, a bulk sample weighing 525 kg was collected from the open pit for heap leaching tests on the
oxide material. Processing studies were conducted by Kazmekhanobr of Almaty.
Table 9 below is a summary of sampling derived from the report by Begayev et al. (2007).
TABLE 9. SUMMARY OF DOMBRALY SAMPLING QUANTITIES

Description
Collection of core samples
Collection of chip samples from holes
Collection of slurry samples from RAB holes
Collection of channel samples from underground
Collection of channel Samples from Trenches
Collection of chip samples from trenches
Collection of pillars or blocks for bulk density
Collection of bulk samples
Collection of samples for technological mapping
Units
Linear
metres
Pc.
Pc.
Linear
metres
Linear
metres
Pc.
Pc.
Pc.
Pc.
1969-1972
2002-2005
3732.8
1958
425
1361
1954.7
887.2
63
3
5
1742
5
61
11
For the recent (2010-2011) exploration programmes, geological exploration works on the deposits were
carried out according to conventional methods. Documentation of the mine workings and holes was
carried out directly at the mine sites. Sampling was conducted at the Saga Creek gold processing plant.
Core documentation was carried out during the core drilling process on a daily basis. Geological
information was entered into the logs recording drilling intervals (runs), the core length, % core
recovery, core sketches of separate fragments, lithologies and mineralisation, sampling intervals and
sample numbers. During the performance of geological work the hole is closed by the district geologist
and check measurements of the hole are taken.
Once the hole is completed, core handling and processing is undertaken, which includes geological logs,
drilling logs (conducted by the drilling foreman with filling in the drilling parameters and possible
geology-technological information and issues), start and completion dates of hole drilling, survey
measurement. Drill core was routinely photographed.
Drill holes documentation for logging and processing is hardcopy only, later transferred to electronic
format for utilisation in 3d modeling software.
Core boxes were laid out in drill sequence for processing and sampling. The geologist marks sample
intervals, putting sample labels along sample interval boundaries strictly identified by the logging and
sample documentation. MCS have reviewed geological logs and are satisfied they capture the pertinent
and relevant information
Following the geological documentation and the identification of ore zones (mineralisation) and sample
interval marking core is cut along the long axis of the core. Half core for the entire length of the drill
hole is collected for submission to the laboratory.
28
Core cutting is made under the supervision of the geologist, at Stepnogorskaya Mining Enterprise
facility, a subcontractor of the drilling company. Diameter of diamond disc is 400 mm. Soft or broken
material is split in half by hand.
Once the core is split into two halves, the sampler selects half core samples and places into plastic sacks
according to the sample intervals. Paper label with sample information (site, hole number, sample
number, sample interval, family name of the geologist, date of sampling) is inserted into the sample
sack. Hole and sample number are signed on the sample sack. All samples from the holes are sent to the
core storage facility, where sample weighing and sample group formations for the sample preparation
are performed.
These samples are weighed (scales type -10134), with a scale accuracy of 0.05 g and are entered in
the sample registration log.
Following the cutting, core boxes for the drill holes remaining core are closed and transported to the
Saga Creek Gold Companys core storage warehouse.
Later, if necessary, metallurgical test samples are selected from the remaining core for mineralogical
and technological studies.
MCS and ACA Howe consider drill core handling and processing methodology satisfactory.
For RC drilling, a standard and acceptable approach and practice is employed. The rock chips coming
from the hammer to the cyclone through dual tube were split using a rifle splitter by the drilling
contractor under the supervision of the Saga Creek geologists. Each meter of hole was sampled. The
average sample weight was 5 kilograms.
Samples were packed in double cotton bags, properly marked and sent to Stewart Assay and
Environmental Laboratories Kyrgyzstan.
Standards, blanks and duplicates were inserted into the sample stream submitted to the laboratory after
each 25th routine sample.
6.8.1
TRENCHING
Trenches were dug by excavator along 40 and 80 m spaced profiles to the depth of 1.5 m. The trenches
were mapped and sampled manually by taking one-meter long channel samples. The samples weights
ranged between four and seven kilograms.
6.8.2
BULK DENSITY
Bulk density measurements are at present available for the low grade stockpile and pit infill material and
the old DDH (C* prefix) drilling.
These measurements were taken on-site via core and bulk sample measurements.
In 2004-2005 determination of a bulk weight and natural moisture of ore in situ was done on the basis of
paraffin-lined samples applying standard methods in the laboratory of Reaktiv LLP. The total number of
samples collected was 55, and 26 of them were the samples of oxide ore from middle and lower
horizons of oxide zone and 29 samples on gold sulphide ores.
It was determined that the bulk weight of oxide ores was 2.58 t/m3, for gold sulphide ores 2.62 t/m3.
Estimated average values of bulk masses are in good consistency with bulk weight dependency on depth
29
diagram. Thus, for oxide ores, average value of bulk weight corresponds to the interval of depths of
160-90 m, within the limit of which the principle reserves of oxide ore are located.
In 2004 bulk samples from the surface and sub-surface parts of the mineralised waste dump were
collected. A total number of 5 bulk samples with weights from 56.8 to 61.8 kg were collected.
Weighing was done after collection and drying the samples for 2 days.
Bulk weight of re-cultivating formations in the outline of open pit was 1.73 t/m3, for technogenic
formations of the low grade stockpile it varied from 1.58 to 1.77 t/m3 with the average of 1.66 t/m3.
Due to the fact that the bulk weight was determined in partly dried samples, adjustment to moisture was
not applied to density calculations.
Bulk density determinations are yet to be taken for recent Alhambra exploration drilling (2010-2011
drill programmes).
Bulk density for use in current resource estimations is discussed further in section 6.12.14 of this report.
6.9
DOMBRALY - SAMPLE PREPARATION, ANALYSES AND SECURITY
Between 1969-72, analytical operations were carried out in the chemical laboratories of Aksu,
Zholymbet and Tselinograd Exploration Company.
The quality of the analysis of samples collected at the Dombraly deposit in 1969-72 was systematically
checked twice a year by the internal audit system of the laboratory by repeated analysis of coded
duplicates of the original samples.
The internal assay quality audit was based on 3-3.5% of the total number of samples.
The external audit (based on 3-4% of samples) of assay operations of the Tselinograd laboratory was
carried out in the laboratory of Aksu mine, and analyses of Aksu laboratory were checked in the
laboratory of Tselinograd Exploration Company. The functions of arbitrary control were imposed on the
Central Laboratory of Kazzoloto.
The total of 110 samples was sent for internal and external geological control. This data has not been
made available to ACA Howe/MCS for review.
In 2002-2005 the following types of assay works were carried out:
Fire assay of core, trench and chip samples for gold (3241 analyses);
Atomic-absorption analysis for gold of core and chip samples (2309 analyses);
Combined samples analysis.
Fire assays were done at Tsentrgeolanalit CJSC laboratory (Karaganda), atomic-absorption analysis was
carried out in Reaktiv LLP and Kvarts Chemical Analytical Laboratory.
Combined samples were analysed in Tsentrgeolanalit CJSC.
Fire assay analysis was undertaken for gold, atomic-absorption analysis for copper, lead, zinc and silver,
spectral assay for 16 elements, complete silicate analysis, neutron activation analysis for platinum,
chemical analysis for total sulphur, sulphide sulphur, sulphated sulphur.
Internal geological verification of fire assays was conducted in Tsentrgeolanalit CJSC, external
geological verification in the laboratory of Kazmekhanobr.
30
Duplicate samples were sent for internal and external verification. A total of 589 samples were sent for
both types of control compiling 5.1% of the total number of assay tests for this period. Fire assay tests
were not conducted and samples for geological verification were not collected during the second half of
year 2005.
The results of external and internal geological verification of 1969-2006 show good reproducibility of
results. However, the majority of the data is unavailable and without data for the submission of
reference samples (standards), blanks, or duplicates for the historical data the accuracy of values for the
1969-2006 cannot be satisfactorily verified.
QAQC data for the 2005 EW* prefix low grade stockpile trenches has been obtained, and studied in
section 6.10, Dombraly Data Validation.
Prior to 2009, samples were prepared at commercial facilities within Kazakhstan. In 2002-2004,
the sample processing was carried out in the Reagent LLP (Stepnogorsk), in 2005-2009 in Quartz
Chemical Analysis Laboratory. Over the entire period of gold mine exploration grinding of the gold
samples was carried out at K equal to 0.5.
Between 2009 and 2010 exploration works samples have been prepared in the sample preparation
facility of Saga Creek Gold Companys gold processing plant in Stepnogorsk. Sample processing is
performed using the Richard-Chechett' formula Q = kd2 at k = 0,5.
Experimental validation of the coefficient of uneven mineralisation was carried out on the field in 2005.
Subsequent to drying, samples are sent to the first stage jaw crusher, where sample material is grinded
to approximately 7 mm. Following the first stage of grinding crushed material is sent to roller crusher,
where it is grinded up to 1 mm.
Sample rescreening is performed following the roll crusher through the sieve with a cell of 1 mm.
Material not passed through the sieve returns to regrinding in the roll crusher.
After the second phase of fragmentation and reduction by the Jones index the bulk of crushed to 1 mm
samples enters the geological sample storage as a geological sample duplicate, while sample weighing
approximately 0.75 kg is reduced to a particle of size 200 mesh (disk pulveriser).
The scheme employed for core sample processing is shown in Figure 7.
Initial Weight
Sample 1,5 kg
2
Q=kd
k=0,5
d=100
Jaw crusher
Roller crusher
1,5 kg
1,5 kg
Duplicate
Quartering
0,75 kg
Sample 0,75 kg
Abrasion to 0,074
.At 200 mesh
Analytical sample
0,75 kg
FIGURE 7: SAMPLING PROCESSING SCHEME
31
32
Batches for both atomic absorption and fire assay are selected from the sample material, plus samples
for the internal and external control. Remains of analytical sample are sent to the sample storage as
analytical duplicates. Sample duplicates are stored in a specially designed secure sample storage
building of the gold processing plant. All duplicate (residue) samples are strictly controlled. Geological
sample duplicates are packed in sacks, sacks are signed, stacked by holes, and are kept on special
shelves. All samples are numbered and easily accessible.
All instruments used for crushing and sample reduction are equipped with special instructions for
operators. The sample preparation workshop is kept clean. After every sample preparation, all
appliances and countertops are cleaned using compressed air, but equipment is not cleaned by crushing
inert material such as granite or glass. Sample preparation methodology at the SCGC facility is
considered satisfactory.
For the 2010 exploration programmes, sample preparation and fire assay that were done by Stewart
Assay and Environmental Laboratories Kyrgyzstan used the following methodology: samples were
crushed to -2 mm, mixed and split into two 200 gram sub-samples. One sub-sample was pulverised to
200 mesh and the other sub-sample was retained for reference purposes. A 30 gram sample of the 200
mesh material was used for fire assay atomic absorption finish.
Stewart Assay and Environmental Laboratories, as a part of ALS Group, have stringent quality
assurance and quality control procedures and does have an International Standard Organization (ISO)
17025 accreditation.
For trench samples (2005), sample preparation and atomic absorption analysis was completed by
Chemical and Analytical Laboratory Quartz LLP located in Stepnogorsk using the following procedure:
samples were pulverised in a jaw crusher to -1 mm, mixed and split into two 0.75 kilogram subsamples. One sub-sample is ground to -200 mesh and the other sub-sample is retained for reference
purposes. A 10 gram sample of the -200 mesh material is used for atomic absorption. For internal
control purposes 10% of the samples are re-analysed. Most of the samples returning more than 0.3 g/t
Au were re-assayed by fire assay. The external control for the results of Quartz LLP was done by
Centergeoanalit Ltd. located in Karaganda, Kazakhstan. Standards, blanks and duplicates were inserted
into the sample stream submitted to the laboratory for analysis. Both laboratories, Quartz and
Centergeoanalit, are certified in the Republic of Kazakhstan but do not have any International Standard
Organisation rating.
6.10 DOMBRALY - DATA VERIFICATION
6.10.1 QA/QC ANALYSIS
The quality assurance/quality control (QA/QC) analysis comes from a combination of information
from the geological exploration reports for the project, quality control data and information and
observations gathered by MCS during the project site visit.
6.10.2 INTRODUCTION
Quality control monitoring is undertaken to ensure that the chemical data used are as reliable as
possible to meet the objective of the exploration and resource development program. In advanced
exploration projects, quality control and assurance programs are designed to ensure the high
integrity of data fit for the purpose of obtaining reliable and accurate, reportable mineral resource
and reserve estimates.
There are three fundamental aspects to Quality Control:
33
Accuracy - How close are the assays to the true content of metal in the samples?
Precision - How repeatable are the values from the samples?
Sampling Errors - Sampling errors and laboratory errors that may influence the
representativeness of a sample and the representativeness of the assay result from that sample.
6.10.3 QUALITY CONTROL SUBMISSION

For an NI 43-101 compliant study, it is necessary to present a QA/QC assessment study.
The frequency of QC sample submission will vary depending upon the type and stage of the
exploration program, for example:
When dealing with a soil sampling program where the requirement from the data is
precision rather than accuracy, the submission of expensive external certified standards
is wasteful. Routine submission of In house standard material, along with a few
duplicated sites near any known mineralisation may well suffice. Overall, quality control
samples need not exceed say 1 in 50 (2%).
When drilling a prospect which has a good chance of becoming a resource, a higher
proportion of QC samples will be required. These might comprise of in house standards
and blanks, duplicates, and certified standards. In addition, it may be prudent to conduct
occasional but regular cross checks of mineralised samples at other umpire laboratories
(along with QC samples).
A general industry rule of thumb for the proportion of QC samples submitted for drill
programs is 5%, comprising of 2% Certified Reference Material (CRM) samples, 2%
Duplicate samples and 1% Blank samples. In practice, there is a requirement to include in
the sample run 1 CRM every 50 samples, 1 Duplicate every 50 samples and 1 Blank every
100 samples.
At the Dombraly project QAQC sample data is currently available for the 2005 EW* prefix
low grade stockpile trenches, the 2010 DDD* prefix diamond drill holes and 2010 RCD* and
RCW* reverse circulation drilling.
6.10.4 QUALITY CONTROL SAMPLE MATERIALS

Quality control is assessed from the evaluation of analytical results from a combination of samples:
Primary Standards Sample of known metal content and chemical characteristics. These can
be externally sourced commercial standards (CRMs) or company in house standards.
Blank Samples Samples that contain none of the metal in question. These are generally
sourced in-house from barren drill spoil, however quantities of material suitable for Blank
standard material can be purchased commercially (road base/gravel).
Duplicates These are splits of drill core, RC/Aircore/RAB drill cuttings, and outcrop samples
from the same sample interval.
34
In the present project only the exploration campaigns drilled from year 2010 present the fullest
QAQC procedure analysis. During the previous campaigns no blank or standard samples were
introduced in the analysis process, only duplicate samples, based in the soviet style exploration
data check requirements introduced for low grade stockpile trench sampling.
6.10.4.1 Primary Standards
Primary standards are used to verify the accuracy of analyses reported by mineral testing
laboratories. They are homogenised samples that have been analysed numerous times, usually by
definitive techniques, so their true metal content and the inherent variability therein are known.
Two types are used:
In-house Company Standards

In the present project In-house company standards were not used.
Commercial (CRM) Standards

CRM samples sourced from SGS Australia were routinely submitted for assaying with core to test
laboratory accuracy. A variety of CRMs were used, representing high and low gold grades, and
oxide and sulphide ore. CRMs were routinely included in sample batches sent to the Stewart
Kyrgyzstan lab for fire assay.
A total of 3,263 samples were analysed from the diamond drilling program and 1,001 for RC
program.
TABLE 10.NAME AND GRADE

OF CRM SAMPLES
CRM Lab name
Au grade (g/t)
21.600
13.600
5.530
1.460
0.520
In 2010 a set of CRMs were purchased from Rocklabs (New Zealand), via the consultant lab
GMAR Development (Nevada, USA), which are now preferred CRM sample for submission.
6.10.4.2 Blank Samples

35
It is common practice to include samples of material believed to be barren of the metal/mineral
being sought to ensure that no background drift occurs at the laboratory and that no gross
contamination is taking place.
In the present study two different blanks were used, one was a standard CRM sample with a
known very low grade of 0.003 ppm Au, and one an in-house made sample with a grade <0.010
ppm Au (lower detection limit of the analytical lab).
6.10.4.3 Duplicate Samples
A common method of monitoring QC is to submit duplicate samples. Duplicate samples analysis
allows for the determination of the natural nugget and sample error, pulp repeats allow for the
determination of assay precision. However, and of considerable importance, it does not monitor
accuracy.
A total of 132 and 40 pulp duplicates were taken for the 2010 exploration programmes. No field
duplicates were submitted.
6.10.5 QUALITY CONTROL ASSESSMENT
Once the QC samples have been included in a batch, it is essential that the results are evaluated.
The samples sent to the lab to be analysed were divided into four batches, with a total of 4,264
(3,263 samples from diamond drilling and 1,001 from RC drilling). The QA/QC samples
submitted in each batch are detailed in Table 11.
For diamond drilling there were submitted 128 blank samples (which represent 3.9% of the total
samples analysed); 126 standard samples (which represent 3.8% of the total samples analysed);
and 132 pulp duplicate samples (which represent 4.0% of the total samples analysed).
Stewart Kyrgyzstan lab introduced, as in-house QAQC procedure, 403 lab duplicate samples (pulp
duplicates) in the DDH 2010 batch samples and 151 in the RC 2010.
In RC drilling there were submitted 39 blank samples (which represent 3.9% of the total samples
analysed), 41 standard samples and 40 pulp duplicate samples (which represent 4.0% of the total
samples analysed).
In the drilling programs previous to year 2010 only duplicate samples were added to the sampling
analysis process, as QA/QC methodology. Based in the soviet style, the samples duplicated were
prepared as pulp duplicates in the laboratory where regular samples were prepared, and then, they
were analysed in the same analytical lab and in an umpire analytical laboratory, as an external
control.
Ninety-two grab samples were duplicated in Quartz laboratory and re-analysed in Centergeoanalit
laboratory (original samples were analysed in Quartz laboratory). (Table 12)
36
TABLE 11.NUMBER OF QA/QC SAMPLES IN THE DIFFERENT 2010-2011DRILLING

CAMPAIGNS
Number of
Number of
Number of
Analysed
Blanks
Samples
Standard
Samples
Pulp Duplicate
Samples
Number
of Lab
Duplicates
Samples
DDH 2010
3,263
128
126
132
403
RC 2010
1,001
39
41
40
151
Program
Total Number of
Samples
TABLE 12.NUMBER OF QA/QC

SAMPLES USED IN PRE2010 EXPLORATION
CAMPAIGNS (EW*
TRENCHES).
Sample Type
Number of Pulp
Duplicate Samples
Grab
92
Results from CRMs, field duplicates and lab duplicates are assessed in the following section.
6.10.6 QA/QC ASSESSMENT

6.10.6.1 Monitoring of Standards Accuracy
Micromine software was used to create the analyses of the standards accuracy. The known metal
content from the standard sample is added to the graphs below as a (black) horizontal line (called
Ref Value), and +/- 1, 2 and 3 standard deviation lines as Upper or lower warning limits.
There are statistical objections to using +/- 2 standards deviations as action limits, as by definition
5% of all determinations will cause failure. This is where common sense is required.
An alternative common practice in statistical assessment of standard data is to apply an arbitrary
+/-10% of the true expected value as the action limits for a standard. The results obtained were
plotted on a graph for each element of each standard sample.
Figure 8: Legend for Standard graphs
37
Diamond Drillholes DDH 2010
Au (ppm)
Number of Samples
Au (ppm)
Figure 9: Diamond drillhole sample graph plot of Standard sample STD=21.600 ppm Au
Number of Samples
Au (ppm)
38
Number of Samples
Au (ppm)
Figure 11: Diamond drillhole sample graph plot of Standard sample STD= 5.530 ppm Au
Number of Samples
Figure 12: Diamond drillhole sample graph plot of Standard sample STD= 1.460 ppm Au
Au (ppm)
39
Number of Samples
Reverse Circulation Drillholes RC 2010
Au (ppm)
Number of Samples
Figure 14: Reverse Circulation drillhole sample graph plot of Standard sample STD=21.600 ppm Au
Au (ppm)
40
Number of Samples
Au (ppm)
Number of Samples
Au (ppm)
41
Number of Samples
Au (ppm)
Figure17: Reverse Circulation drillhole sample graph plot of Standard sample STD=1.460 ppm Au
Number of Samples
42
The review of external standard values plotted on control charts for diamond drilling 2010 program and
reverse circulation drilling 2010 program, indicate the results for Au fall within acceptable limits of one
standard deviation of the CRM, indicating analysis done by Stewart Kyrgyzstan Lab is reasonably
accurate.
6.10.6.2 Monitoring of Pulp Duplicates Precision
Analysis of pulp duplicate precision has been studied by Scatter Plot, using Micromine software.
The precision value shown in the graphs is an indication of variability in the differences between
individual X-Y values, relative to the average X value. A perfect result has a precision of zero.
Values greater than zero represent an increasing amount of deviation. For gold, in coarse duplicate,
best level of precision is 20%, and acceptable 30-40%, and for pulp duplicate best level of
precision is 10%, and acceptable 20% (Abzalov, 2008).
In the trench programme completed in 2005 duplicates were processed following soviet protocol.
The samples duplicated were prepared as pulp duplicates in the laboratory where regular samples
were prepared, and then, they were analysed both in the same analytical lab and in a different
analytical laboratory, as an external control. The samples analysed were from drill chips and drill
core.
In the drilling campaigns during 2010 the methodology was changed, and the pulp duplicates
samples were analysed in the same laboratory where the original samples were analysed.
Diamond Drilling 2010 Pulp Duplicates
Pulp Duplicate Au (ppm)
R2= 0.9967
Precision= 20.81%
Original FA grade Au (ppm)

Figure 19: Scatterplot comparison between original diamond drillhole fire assay samples and pulp duplicates.
43
Diamond drilling 2010 pulp duplicates has an acceptable precision result in the sample pairs. The
precision value obtained is 20.81%, which is close to the 20% acceptable value described by Abzalov
(2008), and it presents a high correlation of data at R2 = 0.9967.
Reverse Circulation Drilling 2010 Pulp Duplicates
R2= 0.9241
Precision= 75.19%
Figure20: Scatterplot comparison between original reverse circulation drillhole fire assay samples and pulp duplicates.
Reverse circulation drilling 2010 pulp duplicates has a low precision result in the sample pairs. The
precision value obtained is 75.19%, which is far from the 20% acceptable precision value described by
Abzalov (2008), and it presents a correlation of data at R2 = 0.9241.
44
Grab samples previous 2010 Pulp Duplicates analysed in the original lab
R2= 0.7893
Precision= 47.01%

Figure21: Scatterplot comparison between original grab samples fire assay samples and pulp duplicates analysed in the
original lab.
Grab samples previous 2010 Pulp Duplicates reanalysed in an external control lab
R2= 0.5176
Precision= 71.01%

Figure22: Scatterplot comparison between original grab samples fire assay samples and pulp duplicates analysed in an
external control lab.
45
Trench duplicate samples were analysed in the same analytical laboratory as the original samples, and
they were also analysed in an external control lab. In both cases the precision value obtained is low,
greater than the acceptable 20% value described by Abzalov (2008).
The precision value of 47.01% returned for the duplicate is analysed in the original lab and 71.01%
when the duplicate is analysed in an external lab. Also the correlation coefficient squared is presents a
value far from 0.9-1.0, which would be the acceptable value (it is 0.7893 when the duplicate is analysed
in the original lab and 0.5176 when the duplicate is analysed in an external lab).
6.10.6.3 Monitoring of Lab Duplicates Precision

Stewart Kyrgyzstan laboratory has a policy to insert pulp duplicates of some of the samples are
part of its in-house QA/QC process. In the present project these laboratory duplicates have been
study in the same way as the pulp duplicates inserted in each batch of samples.
Lab Duplicate Au (ppm)
Diamond Drilling 2010 Lab Duplicates
R2= 0.9790
Precision= 78.86%
Figure23: Scatterplot comparison between original diamond drilling drillhole fire assay samples and lab duplicates.
The precision value obtained for the diamond drilling 2010 is 78.86%, which is far from the 20%
acceptable value described by Abzalov (2008), although it presents an high correlation of data at R2 =
0.9790.
46
Reverse Circulation Drilling 2010 Lab Duplicates
Lab Duplicate Au (ppm)
R2= 0.9241
Precision= 75.19%

Figure24: Scatterplot comparison between original reverse circulation drilling drillhole fire assay samples and lab
duplicates.
The precision value obtained for reverse circulation drilling 2010 lab duplicates is 75.19%, which is far
from the 20% acceptable precision value described by Abzalov (2008), and it presents a low correlation
of R2 = 0.9241.
6.10.6.4 Monitoring of Blanks Accuracy
Blanks are essentially standards with zero grade. Blank sample assay data should be plot on a
control chart as described before for the monitoring of standards.
In the present study CRM samples with a very low grade of 0.003 ppm Au and in-house made
samples of 0.005 ppm Au were used as blank samples, when the detection limit of the analytical
laboratory was 0.01 ppm.
In the following graphs, done for plotting blanks samples, it was used a blank value of 0.01 ppm.
Au (ppm)
47
Number of samples
Au (ppm)
Figure25: Graph plot for DDH 2010 blank samples
Number of samples
Figure26: Graph plot for RC 2010 blank samples
In the diamond drilling and reverse circulation campaigns 2010 all the blank samples analysed present a
result under the laboratory detection limit, which indicate no contamination in the preparation/analysis
of the samples.
48
6.10.7 CONCLUSIONS OF QAQC STUDY
CRM Standards
The review of external standard values plotted on control charts show results fall within acceptable
limits, indicating analysis is reasonably accurate for Au, however, without the assay certificates
available at this time it is impossible to confirm the standards used are correct. Therefore some caution
is needed when interpreting these results.
Duplicates
The diamond drilling 2010 pulp duplicates present an acceptable precision.

Reverse circulation pulp duplicates present a very low precision, the same as diamond drilling and
reverse circulation lab duplicates.
The grab samples taken for previous drilling and exploration campaigns from which there were analysed
pulp duplicate samples, present also a low precision, both in the scenario of duplicate samples analysed
in the original laboratory and in the scenario of duplicate samples analysed in an external laboratory.
Blank Samples
In diamond drilling and reverse circulation all the blank samples are inside the acceptable limit,
indicating no contamination in the preparation/analysis of the samples.
6.10.8 RECOMMENDATIONS
Blank and standard samples indicate that the analysis laboratory procedures meet with acceptable and
standard procedures.
Diamond drilling 2010 presents a good accuracy and an acceptable precision.
RC drilling 2010 presents a good accuracy and but a very low precision. This result indicates a problem
in the sampling process, previous to the analysis in the laboratory. A revision to the sampling process
should be done.
There appears very low precision between duplicate samples introduced in the same analysis process by
the laboratory. It is recommended checks performed as to the reason this problem occurs in the analysis
laboratory.
The grab samples taken in the exploration campaigns previous to 2010 only test for precision, and the
result is that they present low precision. This result is quite common for grab samples, which sampling
procedure sometimes doesnt follow strictly the standard procedures. There are no tests for assay
accuracy.
Due to the lack of a proper QAQC procedures in the drilling campaigns prior to 2010 it is recommended
Alhambra undertake a program of twinned drillholes and trenching, to verify the samples taken in the
previous campaigns are reliable for use in estimation.
49
6.11 DOMBRALY
TESTING
MINERAL
PROCESSING
AND
METALLURGICAL
Mineral processing and recovery studies were reported in 2005 and 2006 by Kazmechanobr, the
National Centre of Complex Processing of Minerals of the Republic of Kazakhstan (Bolotova, July
2005, December 2005a, December 2005b and September 2006).
Column Leach Test Sample DTL-1

The July 2005 Kazmechanobr report describes column leach test work on technological sample DTL-1
composited from sub-samples OD-2/1, OD-3/1, OD-4/3, c OD-4/4 and OD-7/4, described as the clay
rich oxide portion of the upper level of the Dombraly gold deposit, with an average gold grade reported
as 1.52 g/t Au, made up of brecciated, silicified felsic and intermediate volcanics. Drill samples were
not used to prepare this composite sample. ACA Howe can not tell whether the samples came from
surface or underground exposures of the clay rich oxide portion of the upper level of the deposit.
The sample was studied by mineralogical and size analysis, fire assay and chemical analyses, multielement semi-quantitative spectral analysis and multi-element quantitative spectral analysis. Gold is the
main valuable component. The average of four fire assays by Kazmechanobr was 1.96 g/t Au.
The oxidised mineralisation has free gold which is potentially amenable to cyanide leaching. Bottle roll
cyanide leaching tests were carried out with and without adsorbent (resin or carbon) and showed that the
material is leached by cyanide and does not contain materials with a deleterious effect on gold
adsorption.
The hydrodynamic character of agglomerated oxide was tested under different conditions to determine
the best way to prepare the material for heap leaching.
This column leach test showed that the agglomerated, minus 50 mm oxide mineralisation of the
Dombraly gold deposit can be processed using heap leaching with a predicted 74.6% recovery of gold
during commercial scale production. A study of leach tails using 12, 20, 40, 50 and 60 kg of cement per
tonne of oxide, showed that 60 kg/t gave satisfactory results. ACA Howe considers this to be a very
high cement requirement.
To achieve such gold recovery, 2.45 m3 of the leaching solution was percolated per tonne of ore.
Reagent consumptions were determined as 0.485 kg of sodium cyanide and 0.00012 kg of alkali per
tonne of ore. Washing solutions amounting to 0.490 m3 per tonne of ore will be needed for a complete
washing out of cyanide and alkali.
It is the opinion of ACA Howe that the material of sample DLT-1, while typical, may not be spatially
and statistically representative of the whole of the oxide mineralisation.
Column Leach Test Sample DLT-1 -add

The December 2005a Kazmechanobr report describes column leach test work on technological sample
DLT-1 -add which was collected from the dump terrace of the Dombraly II gold deposit. From its gold
grade, physical and mineralogical composition, the sample is reported to be characteristic of the
oxidised mineralisation.
Sample DLT-1 -add is somewhat different from sample DLT-1. Despite the finer grain size of sample
DLT-1 -add of minus 20 mm, the yield of the minus 0.63 mm fraction in DLT-1 -add is 5% lower
than that of sample DLT-1. Gold distribution in both samples is reported to be similar.
50
Gold is the main valuable component. The average of four fire assays by Kazmechanobr was 1.52 g/t
Au. Gold is in a form which allows leaching by cyanide solutions.
Tests showed that the optimal use of cement for agglomeration was 38 kg per tonne of ore which seems
high to ACA Howe. A column leach test proved that this type of material from Dombraly is suitable for
heap leach gold production. However, it is noted by ACA Howe that the combined gold recovery on
resin and in the stripping solutions during the column leach test, was relatively low at 53.33%. This
indicates to ACA Howe that commercial scale recovery may be even lower; perhaps 3 to 5% lower due
to permeability efficiency and gold losses on the side of heaps. For this gold recovery, 1.31 m3 of
leaching solution per tonne of ore was used. Reagent consumptions were determined as 0.329 kg of
sodium cyanide and 0.118 kg of alkali per tonne of ore. Washing solutions amounting to 0.281 m 3 per
tonne of ore will be needed for a complete washing out of cyanide and alkali.
Enlarged bottle roll tests indicated that gold recovery from sample DLT-1 -add significantly depends on
the grain size distribution of crushed ore. These tests have shown that gold recovery from ore crushed to
80% minus 0.074 mm was around 89%. Gold recovery from ore crushed to minus 2 mm was around
73%. Gold recovery from ore crushed to minus 20 mm was around 44%. It is clear that gold recovery
from sample DLT-1 -add is poor by comparison with the results of sample DLT-1.
Good gold recovery from sample DLT-1 -add depends for the most part on fine grain size following
crushing. It is clear that studies of crushing and agglomeration and leaching will be required to optimise
gold recovery from this type of material. ACA Howe suggests that this ore type may be more suitable
for processing by conventional CIL technology (Carbon in Leach).
It is the opinion of ACA Howe that the Dombraly dump terrace material represented by sample DLT-1 add , while described as characteristic, is not spatially and statistically representative of the whole of the
oxide mineralisation and that it has different mineralogical and relatively poorer metallurgical
characteristics compared with sample DLT-1 material which may be from undisturbed oxide material.
Petrographic and chemical analysis and bottle roll cyanidation of nine core samples
The December 2005b Kazmechanobr report describes the results of test work on nine small core
samples from oxide, transitional and sulphide mineralisation zones. The sample numbers are DTK-1 to
DTK-3, DTK-5 to DTK-7 and DTK-9 to DTK-11, which were collected from the tailings of
processing core samples. The sampling intervals range from 25 to 327 m downhole and the weights of
samples range from 0.29 to 1.92 kg. Gold grade in the samples range from 1.54 to 23.2 g/t Au.
The purpose of this work was to create a technological framework based on the results of chemical
analysis and bottle roll cyanide leaching tests.
The physical composition of the samples was studied and fire assay and chemical analyses were carried
out. Gold grades range from 0.72 g/t Au to 17.50 g/t Au. Contents of copper, zinc and lead are very low.
All samples contain arsenic, from 0.05 to 0.74 % As. The sulphide content increases with depth.
Standard bottle roll tests were conducted, including direct cyanidation and adsorption leaching with
resin. Cyanide leaching showed high gold recovery rates from oxide and transitional samples of 94 to
98 %. Gold grade in leaching residues ranges from 0.02 to 0.34 g/t Au.
Gold recovery from sulphide samples by direct cyanidation was considerably lower at 29 to 83%, with
gold grades in the tailings of 1.36 4.34 g/t Au. Adsorption leaching increases gold recovery rates by 4
to 47% for different samples. This fact indicates that these sulphide ores have a preg-robbing effect,
i.e. the ore contains active natural adsorbent such as organic carbon which adsorbs gold leached into
solution.
51
A decision was made to conduct an additional analysis of the samples in order to determine the amount
of organic carbon (as opposed to carbon in carbonate), which was found to range from 0.02 to 0.73% C.
Content of other metals in the samples is not high, and they do not impede the process of leaching and
adsorption of gold.
From its composition and leach performance, sample DTK-9, collected from the interval 25 - 30 m in
Drill Hole C 161, should be called low sulphidation mineralisation. Gold recovery by cyanide leaching
was 63.5%.
It is the opinion of ACA Howe that these nine core samples are not spatially and statistically
representative of the whole of the oxide, transitional and sulphide mineralisation and the results of this
study, alone, can not be used to map the boundaries between these types of mineralisation.
Metallurgical test work on sulphide mineralisation sample DLT-2

The September 2006 Kazmechanobr report describes gravity, froth flotation, cyanidation and adsorption
leaching test work on an 85.6 kg sample of sulphide mineralisation combined from five core drill holes
at Dombraly: 162, 322, 323, 402 and 403, from downhole depths of 127 to 348 m.
Characteristic sulphidic gold mineralisation samples were combined from five drill core intercepts of 3
m to 52 m in length, which produced weights ranging from 3.1 to 43.9 kg with a simple combined total
weight of 85.6 kg in sample DLT-2. The grades of the five intercepts were 3.46, 3.62, 4.63, 5.06 and
13.06 g/t Au. The average gold content is reported as 7.19 g/t Au but it is not clear how this was
derived.
The sample rock types are described as carbonaceous sedimentary and tuffaceous sedimentary rocks
with dispersed disseminated pyrite.
The sample was crushed to minus 2 mm and only two fire assays, for gold and silver, of the combined
sample were done and gave 7.08 and 3.40 g/t Au and 5.24 and 10.16 g/t Ag, indicative of the presence
of coarse particulate gold. These assays were simply averaged to 5.24 g/t Au and 7.7 g/t Ag. Despite
these reported average grades, elsewhere in the report the average gold and silver grade is reported as
6.5 g/t Au and 7.7 g/t. Chemical analysis showed total sulphur as 1.74 % S and sulphide sulphur as
1.71% S. Detrimental impurities include arsenic and carbon. The results of chemical analysis indicate a
complex composition.
Gravity separation tests on shaking tables recovered 53.45% of the head grade gold into concentrate
with a 3.53% yield and a concentrate grade of 61.5 g/t Au.
Froth flotation tests recovered 86.13% of the gold into concentrate with a 13.59% yield and a
concentrate grade of 27.4 g/t Au.
Direct cyanidation leach testing recovered only 17.65% of gold into cyanide solution due to the
presence of carbonaceous shale in the ore, which acts as a natural adsorbent of gold.
Cyanidation leach tests with resin adsorbent recovered 79.23% of the gold to the resin and 64.81% of
the gold was recovered from the loaded resin in gravity tails.
It is the opinion of ACA Howe that the gold ore represented by sample DLT-2 could be successfully
processed by two schemes using:
1. Gravity separation and froth flotation or
2. Gravity separation and conventional carbon- or resin-in-leach technology
and that further work is required to determine which route is economically most beneficial.
52
It is the opinion of ACA Howe that the Dombraly sulphide ore material represented by sample DLT-2,
while described as characteristic, is probably not spatially and statistically representative of the whole of
the sulphide mineralisation. However, a wide range of metallurgical recovery characteristics has been
illustrated, which is a useful guide for future studies.
6.12 MCS OCTOBER-DECEMBER 2011 MINERAL RESOURCE ESTIMATES
Following positive results from drilling and in-house geological modelling work the decision was taken
to undertake block model estimations for the Dombraly low grade stockpile, pit infill and in-situ Au
mineralised zones to meet with NI43-101 and JORC reporting requirements.
The following sections describe the process and decision making employed for the October-November
2011 resource estimations.
6.12.1 SOFTWARE USED
The Dombraly resource estimates were prepared using MICROMINE version 2011 3D modelling
software and Microsoft Excel 2007.
6.12.2 INPUT DATA SUMMARY
Micromine Consulting Services were provided with Dombraly zones drill, trench and pit data in
Microsoft Excel and Micromine file formats. Existing historical interpretations as polygons, wireframes
and digital terrain models were provided in MICROMINE string, wireframe and .DXF format.
Raw data used in interpretation and modelling consists of data from recent and historical
diamond drilling and RC drilling, low grade stockpile trench and RAB sampling exploration
work undertaken by Alhambra and previous explorers.
Raw data used as input to estimation consists of recent 2010 diamond, RC drill data and 2005 low
grade stockpile trench data.
It is Micromines and ACA Howes opinion that available input data is suitable for use as part of a NI
43-101 compliant and reportable resource estimations.
A summary of input sample type for the Dombraly deposit models are presented in Table 13 below.
TABLE 13.DOMBRALY MARCH 2011 RESOURCE ESTIMATE SAMPLE
SUMMARY
Deposit Area
Dombraly
Dombraly
Dombraly
Lode/Zone
Sample
Type
No
Holes
Low
grade
RC/Trench 25/10
stockpile
Pit Infill
RC
7
In-Situ
RC/DDH
12/13
mineralisation
of No
Samples
of Sample
Length
340/351
1m/5m
74
1m
466/2877
Av. 1m
6.12.3 INPUT DATA

Data selected for use in the November 2011 block model estimations is contained in Micromine
drillhole databases. Each drillhole database comprises collar, lithology, survey and assay data files.
Each trench drillhole database comprises collar, survey and assay files.
53
Input data file listing is provided in Appendix 2 and applicable data files and wireframes are provided in
the database which accompanies this report.
6.12.4 DATA VALIDATION
Drill hole collar, assay, survey and lithology data were processed as MICROMINE .dat files.
Data validation cross referencing collar, assay and litho (geology) files was performed in MICROMINE
to confirm drill hole depths, identify any inconsistent or missing sample/logging intervals and survey
data.
Channel collar, assay and survey were also processed as MICROMINE .dat files and validation
performed to confirm hole depths between files, inconsistent or missing sample intervals and surveys.
No fatal errors were detected during computerised and visual data validation.
Data validation tables are presented in Appendix 2.
6.12.5 DESCRIPTIVE AND CLASSICAL STATISTICS
One of the most important parts of resource estimation is the study of the database, as its distribution
has a fundamental influence in the estimation process. For the present study there have been taken into
account the samples from the drilling programs, and the samples from the trench sampling program. In
total 691, 74 and 3343 samples have been studied for the Dombraly low grade stockpile, pit infill and
in-situ zones respectively. The elements studied here are Au, those elements which were used to create
the geological modelling and in estimation.
A Summary of the unrestricted raw Au data basic parameters for each deposit (low grade stockpile, pit
infill and in-situ mineralised zones) is presented in Table 14 below.
TABLE 14.SUMMARY OF BASIC PARAMETERS FOR DOMBRALY AU
INPUT DATASET
Deposit
Number of Min
samples
(ppm)
Low
grade
691
stockpile
Pit Infill 74
In Situ
3343
Max
(ppm)
Mean
(ppm)
Median
COV
Standard
Deviation
0.012
48.7
0.97
0.40
2.498 2.422
0.027
0
11.2
40.5
1.062
0.093
0.646
0.093
1.608 1.708
8.827 0.816
6.12.6 AU DISTRIBUTION
Au datasets for each deposit zone shows a strongly positive skewed distribution, with a great number of
samples with low to very low grade, and few samples with high grade. Au does not follow a Gaussian
Bell shape distribution. For estimation purposes each database distribution should present a Gaussian
Bell shape (as would be in a perfect distributed database). In order to conduct a study and statistical
interpretation of the dataset, and trying to achieve the Gaussian Bell shape, it was necessary to plot
element histograms using log-normal transformation. This is very common practice for gold deposit
statistical analysis and estimation.
Histograms for the raw Au data for the 3 deposit zones are presented in Figures 27 to 29 below.
54
Figure 27: Log normal histogram distribution for Low Grade Stockpile Au dataset
Figure 28: Log normal histogram distribution for Pit Infill Au dataset
55
Figure 29: Log normal histogram distribution for In-situ Au dataset
From the histograms above it can be seen that the log-normal distribution of each deposit zone dataset
better represents a Gaussian Bell shape, although not perfect. This suggests that within the datasets
there are different grade populations. For estimation purposes the different grade populations (in each
element) need to be separated as best possible for reliable robust interpolations. A first approximation
for getting the dataset divided into different populations is achieved through domain interpretation and
modelling.
6.12.7 NATURAL CUT OFF
The data for each element was carefully studied looking for the existence of natural boundaries or cutoffs between grade populations. These natural cut-offs would indicate limits in the dataset between
mineralised and non-mineralised samples.
Log Histograms generated for unrestricted data show grades to have a number of populations. From the
log normal histograms it is observed that there is not a clear limit between the mineralised and the nonmineralised samples. Following careful review and interpretation limits were recognised where a
natural cut off could be implied:
Low Grade Stockpile = 0.13g/t Au
Pit Infill = 0.1g/t Au
In-Situ = 0.2g/t Au
These grade values are considered as a natural boundary to mineralisation used for mineralised domain
modelling of the deposit.
In addition to statistical support of natural grade boundaries, consideration was given to the deposit
types being modelled, typical mining widths, anticipated mining methods and overall grade in selecting
appropriate cut off values.
56
6.12.8 DOMAIN INTERPRETATION AND MODELLING
Domain interpretation was completed from cross section and plan displays in Micromine software.
Interpretation of lode orientations done using information from discussions with Alhambra and ACA
Howe personnel on geological and deposit models, review of literature, apparent continuity and
correlation displayed by exploration data and also guided by existing wireframe 3d solid models of
historical lodes, previously mined areas (historical pit shell and recent surveyed pit DTMs) supplied to
MCS.
The interpreted profiles represent a 3 dimensional polygonal display of the current geological and
exploration model, based on the recent drill and channel data for the zones, application of knowledge
from previously mined areas, mapped and inferred structural architectures.
The boundaries to mineralised zone digitised in cross section were interpreted using best practice
industry standard techniques, snapping to drillhole assay intervals, and utilising lithology where
applicable to improve accuracy of location of mineralised zone in 3 dimensions, and to reduce the
inclusion of waste within the mineralised wireframes.
Grade domain modelling was completed for Au, with minimum width of approximately 1m. Where
appropriate, geology was used in combination with grade values to assist zone interpretation.
The following grade domain models were generated across the 3 recognised deposit zones:
Low Grade Stockpile: 2 domains interpreted using an Au cut off value of 0.13g/t Au.
Pit Infill: 1 domain interpreted using an Au cut off value of 0.1g/t Au.
In-Situ: 11 domains were interpreted using an Au cut off value of 0.2g/t Au.
Other criteria for the grade domain models are:
Where constrained, lode mineralisation is extended half the distance between drillhole
and trench samples, along both strike and dip direction.
Where unconstrained, zones were extrapolated approximately 30 to 50 m along strike

and approximately 30 to 50 m in the dip direction from sample control points depending
upon grade, thickness and confidence in extrapolation of the model.
Zones were extended approximately 1 m in a thickness direction where unconstrained

i.e. where drillholes and/or channels started or finished in mineralisation.
The types, number and characteristics of the models will be subject to change as new data becomes
available and revisions of the geological model take place.
Once completed wireframes were validated both by visual examination and computer validated by use
of the wireframe validation tools in Micromine.
Micromine wireframe validation process checks for open solids and any intersection triangles and
strings which may cause problems in volume and tonnage calculations.
Each mineralised domain wireframe was checked and deemed valid.
The Au mineralised domains modelled as part of this resource estimation study are:
57
Low Grade Stockpile (Upper/Lower)

Pit Infill material
In situ near surface Oxide Au domain
In situ domain structure A
In situ domain structure B
In situ domain structure C
In situ domain structure D
In situ domain structure E
In situ domain structure F
In situ domain structure G
In situ domain structure X
In situ domain structure Y
In situ domain structure Z
The figures below present plan and 3d view representations of the mineralised domain models and
exploration data utilised for interpretation. (Figures 30 - 36)
FIGURE 30: PLAN VIEW OF THE LOW GRADE STOCKPILE AND PIT INFILL Au
DOMAIN MODELS
58
FIGURE 31: 3D VIEW OF THE LOW GRADE STOCKPILE AND PIT INFILL Au
DOMAIN MODEL
59
FIGURE 32: PLAN VIEW OF THE IN SITU Au DOMAIN MODELS (COLOURS)
60
FIGURE 33: 3D VIEW OF THE IN SITU Au DOMAIN MODELS (COLOURS)
61
FIGURE 34: CROSS SECTIONAL VIEW OF LOW GRADE STOCKPILE Au

DOMAIN MODEL
62
FIGURE 35: CROSS SECTIONAL VIEW OF PIT INFILL Au DOMAIN MODELS
63
FIGURE 36: CROSS SECTIONAL VIEW OF IN SITU Au DOMAIN MODELS
64
65
6.12.9 DOMAIN STATISTICS

Mineralised domain statistical study has been undertaken on raw sample assay values, all lying within
the different domains modelled and described in the previous section of the report.
The summary statistics for each domain an element are presented in Table 15 below.
TABLE 15.DOMBRALY MINERALISED DOMAIN RAW DATA DESCRIPTIVE
STATISTICS
Domain
Low Grade Stockpile
Upper
Low Grade Stockpile
Lower
Pit Infill
In Situ Oxide
In Situ A
In Situ B
In Situ C
In Situ D
In Situ E
In Situ F
In Situ G
In Situ X
In Situ Y
In Situ Z
Element
Number
of
samples
Min
(ppm)
Max
(ppm)
Mean
(ppm)
Au
161
0.019
12.1
1.196
Au
381
0.013
48.7
1.198
Au
Au
Au
Au
Au
Au
Au
Au
Au
Au
Au
Au
70
61
20
24
5
5
9
21
3
63
9
13
0.133
0.088
0.05
0.033
0.048
0.005
0.247
0.005
0.474
0.076
0.143
0.05
11.2
4.04
40.5
4.78
4.59
1.26
2.08
10.3
0.815
4.04
5.52
7.8
1.12
0.759
3.028
1.273
1.136
0.64
0.738
1.347
0.675
0.809
0.934
1.282
C.O.V
1.638
2.446
1.553
0.984
2.955
1.226
1.708
0.782
0.86
1.803
0.264
1.057
1.858
1.728
6.12.10 TOP CUTS

Top cut analysis was performed on mineralised domain raw data for Au prior to block model estimation.
Top cut analysis is undertaken to assess the influence extreme grade outliers has on the sample
population of each domain. Whilst extreme grades are real, their influence in interpolation may
overstate the block grades in some parts of the deposits. Micromine distribution graphs and ranked
assay data were prepared and analysed to examine the domain samples and effects of a range of top-cuts
applied to raw data and the effect these have on the co-efficient of variation (COV) and loss of data
from the domain.
For the Au element studied via classical statistics, domain histograms and domain statistics indicate
reasonably well distributed log normal data and coefficient of variation close to 1. A number of
mineralised domains display minor amount of unusually high grade outliers which could affect the
grade estimation.
Following statistical analysis of domain input Au sample data, top cuts of 10 g/t Au were applied to the
low grade stockpile (lower), and in situ mineralised domain A. Top cuts of 5 g/t Au and 6 g/t Au were
applied to pit infill domain and in-situ mineralised domain F respectively.
Descriptive statistics and histograms for determination of top cuts are presented in Appendix 3.
66
6.12.11 COMPOSITES
Prior to estimation, samples within the mineralised wireframes contained in the database assay
files were composited to a standard length for geostatistical analysis and interpolation. The
decision about composite length was determined by considering the histogram for raw sample
intervals and selecting the dominant length.
By considering the histograms of sample intervals (Figures 37 and 38) the average sample length
of 5 m and 1 m was taken to be the composite length for the low grade stockpile, and pit infill/insitu domains respectively. A composite assay file was created for samples within the different
domains wireframes to be used in block model interpolation.
Figure 37: Histogram of sample intervals low grade stockpile
Figure38: Histogram of sample intervals In-Situ
67
6.12.12 GEOSTATISTICS
6.12.12.1 Domain Statistics
Mineralised domain statistical study has been undertaken on raw composited sample assay values, all
lying within the different domains modelled previously. The summary statistics for each domain an
element are presented in Table 16 below.
TABLE 16.DOMBRALY MINERALISED DOMAIN COMPOSITE DATA

DESCRIPTIVE STATISTICS
Domain
Low Grade Stockpile
Upper
Low Grade Stockpile
Lower
Pit Infill
In Situ Oxide
In Situ A
In Situ B
In Situ C
In Situ D
In Situ E
In Situ F
In Situ G
In Situ X
In Situ Y
In Situ Z
Element
Number
of
samples
Min
(ppm)
Max
(ppm)
Mean
(ppm)
Au
131
0.1
10
1.36025
Au
253
0.0324
10
1.12707
Au
Au
Au
Au
Au
Au
Au
Au
Au
Au
Au
Au
70
62
12
29
6
5
10
21
3
46
14
17
0.133
0.088
0.05
0.033
0.116
0.005
0.247
0.005
0.474
0.076
0.143
0.05
5
4.04
10
4.78
4.59
1.26
1.637
6
0.815
4.04
5.52
7.8
0.96599
0.784
1.84933
1.176
1.021
0.64
0.631
1.28695
0.675
0.7
0.883
1.245
C.O.V
1.492
1.22
0.96599
0.978
1.734
1.226
1.72
0.782
0.816
1.36
0.264
1.262
1.639
1.589
6.12.12.2 Variography
Micromine Consulting conducted investigations into the production of meaningful semivariograms for
use in a linear geostatistical interpolation method (ordinary kriged), however, due to the few samples
available per domain, it was impossible to produce structured semi-variograms (it is commonly
necessary to have a dataset of, at least, thousands of sample pairs per domain to undertake a variography
study).
Therefore, Micromine Consulting has not produced any variography study for grade interpolation, and
used a non-geostatistical linear grade interpolation methodology. The interpolation method selected was
Inverse Distance Weighting (IDW).
6.12.13 MCS OCTOBER-DECEMBER 2011 IDW BLOCK MODEL ESTIMATION
6.12.13.1 Empty Cell Block Model
Domain restricted empty cell block models were created for each Dombraly deposit zone using
definitions which cover the extent of mineralised domains.
68
A parent block size of 5m 10m 5m was chosen, sub-blocking to minimum sub-block size of 1m x
1m x 1m for the waste dump. A parent block size of 5m 5m 5m was chosen, sub-blocking to
minimum sub-block size of 1m x 1m x 1m for pit infill domain and in-situ domains.
This block size was chosen after considering the geological model, exploration grid, search ellipsoid
ranges, composite size, SMU and potential future mining methods.
6.12.13.2 Grade Interpolation

Prior to grade interpolation, domains were checked for missing intervals. Resource estimation best
practice dictates missing sample intervals are assigned a value of zero for grade interpolation. For the
Dombraly mineralised domain models, no missing intervals were detected.
Mineral grade was interpolated into the block models on a zone and element domain basis.
For interpolation both the block model and composite assay file was flagged by the mineral and zone
domains and blocks within these domains assigned an interpolated grade (i.e. wireframe restricted or
closed interpolation).
Metal grade interpolation was then undertaken using the input composite assay files for all areas which
contained composite length drill and channel data.
Top cuts were applied to the input data according to statistical analysis performed and described in
section 14.10.
For each domain, the parent block Inverse Distance Weighted interpolation technique was used and
interpolation performed at different search radii, until all blocks within each domain had received an
interpolated grade. The search distances were determined by means of the evaluation of drill/trench
spacing (input sample spacing), and orientations through study of geological models and domain
geometries.
Inverse distance weighting (IDW) method of interpolation was used, which is a non-geostatistical
(classical) method of grade interpolation. In this method, each input sample is weighted according to
some power of the inverse distance from the block to be estimated. Interpolation weights are only
applied to samples found within the search neighbourhood. There are no strict rules for choosing a
power; for gold a value of two or three is often used, with three most common. For iron a power of two
may be appropriate. The lower the power, the more the grades are smoothed, to the point where using a
low power will produce a result which deviates only slightly from the global mean of the data. On the
other hand, higher powers will produce a result that approaches a nearest-neighbour interpolation, with
the sample nearest the block contributing almost all of the weight.
69
A power of 3 was chosen for this interpolation given the deposit, grades and commodity type.
Search ellipsoid range (extent) parameters were based upon model geometries and sample density.
In the pit infill domain grade interpolation was constrained by bench. Bench height is 8 m.
Due to the extreme low number of samples and narrow nature of the transitional zone, samples for the
primary and transitional zones were combined for interpolation to inform the two zones.
The transitional and primary material zones split for the application of bulk density values and reporting
purposes.
Table 17 below summarises the search ellipsoid parameters used for each Dombraly mineralised zone.
TABLE 17.DOMBRALY IDW SEARCH ELLIPSOID PARAMETERS
Domain
Low Grade
Stockpile Upper
Low Grade
Stockpile Lower
Pit Infill
In Situ Oxide
In Situ A
In Situ B
In Situ C
In Situ D
In Situ E
In Situ F
In Situ G
In Situ X
Direction
First
Second
Third
First
Second
Third
First
Second
Third
First
Second
Third
First
Second
Third
First
Second
Third
First
Second
Third
First
Second
Third
First
Second
Third
First
Second
Third
First
Second
Third
First
Second
Third
First
Azi ()
035
125
035
125
000
090
000
90
000
90
90
000
090
090
000
090
090
000
090
090
000
090
090
000
090
090
000
090
090
000
090
090
000
Dip ()
0
0
90
0
0
90
0
0
90
0
0
90
0
35
55
0
40
50
0
40
50
0
55
35
0
36
54
0
50
40
0
52
38
0
36
54
0
Range (m)
50
25
4
50
25
4
75
75
5
150
150
2
225
112.5
2
240
240
2
240
240
2
240
240
2
240
120
2
240
240
2
240
240
2
240
240
2
240
70
In Situ Y
Second
Third
First
Second
Third
In Situ Z
090
090
000
090
090
32.5
57.5
0
33
57
240
2
240
240
2
The first search radii for interpolation were selected to be equal to two thirds of the range in the
strike, dip and across dip directions of the search ellipsoid. Model blocks that did not receive a
grade estimate from the first interpolation run were used in the next interpolation run, equal to the
full ranges in all directions. Subsequent search radii were incremented by multiples of the initial
ranges in corresponding directions.
When model cells were estimated using radii not exceeding the full ranges (i.e. two thirds and
equal to the ranges), a restriction of at least three samples from at least two drill holes was applied
to increase the reliability of the estimates.
Detailed definition of the interpolation parameters is contained in Table 18 below.
TABLE 18.DOMBRALY INTERPOLATION PARAMETERS
Interpolation Method
Inverse Distance Weighted (IDW)
Interpolation Run
Number
Search Radii
2/3 range in main Equal to the range Greater than the range
directions
in main directions
in main directions
Min no of Samples
Max number of Samples
16
16
16
Min no of Drill holes
Block Discretisation
5x5x5
5x5x5
5x5x5
>2
6.12.14 BLOCK MODEL ATTRIBUTES

Once the interpolation process and domain flagging for the orebody block model (OBM) was
complete, the resultant final block model files contain a series of attributes for each block as
outlined in Tables 19 to 21 below.
TABLE 19.LOW GRADE STOCKPILE BLOCK MODEL ATTRIBUTES

MM LOW GRADE STOCKPILE OBM OCT 2011 FINAL
Attribute
Description
Block Model Field
Au grade
Au grade (cut)
Au Fa_10
Domain
Low Grade Stockpile Au WFM (Low Grade Stockpile Au)

Domain
Domain
Level
DUMP (upper. Lower)
Run
Interpolation Pass
RUN (1, 2, 3.)
Bulk Density
Density
SG
71
TABLE 20.PIT INFILL BLOCK MODEL ATTRIBUTES

MM PIT INFILL OBM OCT 2011 FINAL
Attribute
Description
Block Model Field
Au grade
Au grade (cut)
Au Fa_5
Domain
Pit Infill Au
WFM (Pit Infill)
Domain
Bench level
Bench (1-4)
Run
Interpolation Pass
RUN (1, 2, 3.)
Bulk Density
Density
SG
TABLE 21.IN SITU BLOCK MODEL ATTRIBUTES

MM IN SITU OBM OCT 2011 FINAL
Attribute
Description
Block Model Field
Au grade
Au grade (cut)
Au Fa
Domain
In situ Au Domain
WFM PR (A-G, X-Z)
Domain
In situ Au Domain
WFM OX (OX)
Run
Interpolation Pass
RUN (1, 2, 3.)
Bulk Density
Density
SG
Bulk density (SG) assigned to the block model cells were taken from recent core measurements as
described in section 14.6 and summarised in Table 22 below.
TABLE 22.BASIC SUMMARY STATISTICS FOR DOMBRALY BULK DENSITY

SAMPLES
Domain
No. of
sample Oxide
s
Transitio
nal
Primary
Comment
Low Grade
Stockpile
Pit Infill
In Situ Oxide
In Situ A
In Situ B
In Situ C
In Situ D
In Situ E
In Situ F
In Situ G
13
2
8
7
1
6
No data
No Data
No Data
No Data
No Data
No Data
No Data
No Data
No data
No data
No data
No data
No data
No data
No Data
No data
No Data
2.6
2.55
2.53
2.62
2.49
2.86
2.65
2.65 Average of all SG

domain samples
Use 2.6
Use 2.55
Use 2.53
Use 2.62
Use 2.49
Use 2.86
domain samples
72
In Situ X
In Situ Y
In Situ Z
No Data
No data
2.65
No Data
No data
2.65
No Data
No data
2.65

domain samples
domain samples
domain samples
For those domains where no density measurements were taken, the mean of all 24 sample densities was
used (2.65).
6.12.15 RESOURCE CLASSIFICATION

Classification methodology, or assigning a level of confidence to mineral resources at Dombraly have
been undertaken in adherence to the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (JORC Code, 2004 edition) and follows the Micromine Consulting
Resource Modelling Standard Procedures (2010), and conforms to the CIM Mineral Resource and
Mineral Reserve definitions referred to in National Instrument 43-101 and the Standards of Disclosure
for Mineral Projects.
Classification of interpolated blocks is undertaken using the following criteria;
Interpolation criteria based on sample density, search and interpolation parameters

Assessment of the reliability of geological, sample, survey and bulk density data
Robustness of the geological model
Deposit type
Drilling and sample density
Understanding of grade continuity
Thorough consideration of the above factors, MCS is of the opinion that a small portion of indicated
blocks occur within the low grade stockpile resource, with inferred category an appropriate resource
classification for pit infill and in situ mineralisation at this time. There are a number of minor issues
relating to data verification and QAQC which need to be addressed to increase confidence of input data,
particularly Sn prior to increased resource class. Sample spacing and drillhole density within domains
is wide and the total number of assays in a number of domains remains low, along with bulk density
measurements for greater accuracy of tonnage calculations.
6.12.16 MODEL VALIDATION
Global and local model validation was undertaken on the Dombraly block models prior to resource
reporting.
6.12.16.1 Global Validation
A comparison of mineralised domain raw, composite and block grade was undertaken and is outlined in
Table 23 below.
73
TABLE 23.COMPARISON OF DOMAIN RAW, COMP AND

BLOCK MODEL MEANS
Domain
Low Grade Stockpile
Upper
Low Grade Stockpile
Lower
Pit Infill
In Situ Oxide
In Situ A
In Situ B
In Situ C
In Situ D
In Situ E
In Situ F
In Situ G
In Situ X
In Situ Y
In Situ Z
Raw
Mean
Top Cut Composite

Mean
Mean
Block
Mean
1.20
1.07
1.13
0.92
1.20
1.12
0.76
3.03
1.27
1.14
0.64
0.74
1.35
0.68
0.81
0.93
1.28
N/A
0.97
1.36
0.97
0.78
1.85
1.18
1.02
0.64
0.63
1.29
0.68
0.70
0.88
1.25
1.20
0.83
1.02
1.27
1.17
1.73
0.86
0.55
1.05
0.69
0.59
0.83
0.97
1.50
N/A
1.14
Comparison of mean grade is on the whole considered satisfactory for the dataset and classification
level.
Model validation also involved the cross reference of block model volume against wireframe volumes.
Comparison is made between the wireframe volumes and wireframe flagged block model volume prior
to constraining by the topographical DTM. Results are presented in Table 24 below.
TABLE 24.COMPARISON OF DOMAIN WIREFRAME AND BLOCK
MODEL VOLUMES
Domain
Low Grade Stockpile
Pit Infill
In Situ Oxide
In Situ A
In Situ B
In Situ C
In Situ D
In Situ E
In Situ F
In Situ G
In Situ X
In Situ Y
In Situ Z
WFM Volume
910,015
586,352
118,709
371,327
248,875
182,874
380,640
230,786
573,960
118,215
345,396
84,728
150,052
Block Volume
865,996
640,871
118,860
375,892
249,158
182,898
380,074
230,614
574,062
118,270
347,430
84,594
150,876
MCS is satisfied with the global validations for the Dombraly models.
% Difference
4.84
8.50
0.13
1.21
0.11
0.01
0.15
0.07
0.02
0.05
0.59
0.16
0.55
74
6.12.16.2 Local Validation
Once modelling was completed, a series of sectional slices through the block models was undertaken to
assess whether block grades honour the general sense of composite drill hole grades, that is to say that
high grade blocks are location around high sample grades, and vice-versa.
A degree of smoothing is evident in block grade which is to be expected but on the whole block grades
correlate well with sample grades. Local validation cross sections are presented in Appendix 4.
6.12.17 NOVEMBER 2011 IDW RESOURCE ESTIMATE REPORTING
sections.
dependent upon the cost of mining and processing the mineralisation and the selling price of the final
product.
The economic cut-off grade for Dombraly established using grade and block revenue factors.
For a single product the calculation is relatively straightforward. Resources are reported using an
economic marginal cut off, determined by use of simple block revenue factor methodology and one year
trailing average gold input price.
6.12.17.1 ECONOMIC CUT OFF DETERMINATION

Oxide mining cost US$1/t (waste dump and pit infill)/US$1.7/t (in-situ)
Cut off calculation is presented below for reference:

Block revenue calculation Au grade grams per tonne x Recovery x Input gold price per gram
75
mined block.
the low grade stockpile and pit infill material, and US$5.55/t and US$8.42/t, for in-situ oxide and
Cut off grades used for reporting are 0.1g/t Au for the low grade stockpile, 0.2g.t Au for the pit infill
types.
operations.
A summary of in situ classified inferred resources as of November 2011 for the Dombraly Deposits are
presented in Table 25 below.
TABLE 25.DOMBRALY NOVEMBER 2011 TOTAL RESOURCES

Dombraly Low Grade Stockpile Total Resource by Category and Material Type
Au
Au
Density
Volume
Tonnes
g/t
g
CUTOFF MATERIAL CLASS
t/m3
x 1000 m3
x 1000 t
Indicated
1.67
284
473
1.26
597,000
0.10g/t
Oxide
Inferred
1.67
578
963
1.07
1,033,000
CUTOFF
0.20g/t
CUTOFF
0.1g/t
0.2g/t
0.2g/t
0.1g/t
Dombraly Pit Infill Total Resource by Category and Material Type

Au
Au
Density
Volume
Tonnes
g/t
g
MATERIAL CLASS
t/m3
x 1000 m3
x 1000 t
Au
Oz
19,000
33,000
83,000
747,000
Au
Oz
3,000
24,000
Dombraly In Situ Total Resource by Category and Material Type

Au
Au
Density
Volume
Tonnes
g/t
g
MATERIAL CLASS
t/m3
x 1000 m3
x 1000 t
Oxide
Inferred
2.63
1,043
2,700
0.99
2,700,000
Transitional
Inferred
2.61
249
646
1.16
750,000
Primary
Inferred
2.71
1,364
3,671
1.12
4,099,000
Total
Inferred
2.64
2,807
7,446
1.02
7,601,000
Au
Oz
87,000
24,000
132,000
244,000
Oxide
Indicated
Inferred
1.73
1.73
50
525
86
908
0.97
0.82
Cut off value used here represents economic cut off determined from block revenue factor calculation methodology and input gold price of
US$1,394/Oz.
Class represents resource category under CIM and JORC reporting guidelines.
Top cuts of 10g/t Au and 6g/t Au have been applied to in situ domains A and F gold assay data respectively. Top cuts of 10g/t Au and 5g/t Au
applied to low grade stockpile (lower), and pit infill domains respectively.
76
A full breakdown of resources reported by zone, are provided in tables accompanying this document as
Appendix 5.
Dombraly IDW block model views are presented as Figures 39 48 below.
FIGURE 39: PLAN VIEW OF DOMBRALY LOW GRADE STOCKPILE BLOCK MODEL Au GRADE DISPLAY
77
FIGURE 40: PLAN VIEW OF DOMBRALY PIT INFILL BLOCK MODEL - Au GRADE DISPLAY
78
FIGURE 41: PLAN VIEW OF DOMBRALY IN SITU BLOCK MODELS - Au GRADE DISPLAY
79
FIGURE 42: PLAN VIEW OF DOMBRALY BLOCK MODELS - Au GRADE DISPLAY
80
FIGURE 43: 3D VIEW LOOKING NE OF DOMRALY LOW GRADE STOCKPILE AND PIT
INFILL BLOCK MODELS - Au GRADE DISPLAY
81
FIGURE 44: 3D VIEW LOOKING NE OF DOMBRALY IN SITU BLOCK MODELS Au GRADE DISPLAY
82
FIGURE 45: 3D VIEW LOOKING NE OF DOMBRALY BLOCK MODELS Au GRADE DISPLAY
83
FIGURE 46: 3D VIEW LOOKING NW OF DOMBRALY LOW GRADE STOCKPILE AND PIT
INFILL BLOCK MODELS - Au GRADE DISPLAY
84
FIGURE 47: 3D VIEW LOOKING NW OF DOMBRALY IN SITU BLOCK MODELS Au GRADE DISPLAY
85
FIGURE 48: 3D VIEW LOOKING NW OF DOMBRALY BLOCK MODELS Au GRADE DISPLAY
86
87
6.13 DOMBRALY - ADJACENT PROPERTIES

Adjacent properties are described above in the general section on this topic.
6.14 DOMBRALY - OTHER RELEVANT DATA AND INFORMATION
None.
6.15 DOMBRALY - INTERPRETATION AND CONCLUSIONS
NI 43-101 compliant computerised 3 dimensional resource estimations for the Dombraly gold project,
Akmola Oblast, Kazakhstan were undertaken between October 2011 and November 2011. The study
was undertaken by ACA Howe International Limited (ACA Howe) and Micromine Consulting Services
UK (MCS).
It is the opinion of ACA Howe and MCS that resources estimated as part of this study meet with
CIM/JORC Inferred and Indicated category classifications based upon quality of input data, modelling
and estimation methodology, interpolation criteria based on sample density, search and interpolation
parameters, understanding and robustness of the geological model, drilling and sample density.
The resource estimation has an effective date of November 27th 2011 and represents a maiden NI 43-101
compliant resource estimation for the project.
ACA Howe International Limited and Micromine Consulting Services (UK), completed studies
according to NI 43-101 and best practice guidelines. Resource modelling and estimations being
completed using the industry accepted Micromine 2011, 3d modelling software package.
Raw data used in interpretation and modelling consists of data from recent and historical diamond
drilling and RC drilling, low grade stockpile trench and RAB sampling exploration work undertaken by
Alhambra and previous explorers.
Raw data used as input to estimation consists of recent diamond, RC drill data and trench data.
The Dombraly project comprises low grade stockpile, pit infill and in-situ structurally controlled
mineralisation types. Mineralisation was modelled using natural cut-off grades of 0.13g/t Au, 0.1g/t Au
and 0.2g/t Au for the low grade stockpile, pit infill and in-situ mineralised zones respectively.
Several mineralised domains were modelled for resource estimation:
Low Grade Stockpile (Upper/Lower)

Pit Infill material
In situ near surface Oxide Au domain
In situ domain structure A
In situ domain structure B
In situ domain structure C
In situ domain structure D
In situ domain structure E
In situ domain structure F
In situ domain structure G
In situ domain structure X
In situ domain structure Y
88
In situ domain structure Z
Classification of resources for the low grade stockpile and pit infill are restricted to Indicated and
Inferred.
Classification of in situ resources is restricted to inferred category due to the following factors which
introduce uncertainty:
o
o
o
o
o
Limited number of valid drill holes and drill samples clustered in small areas.
The number of valid drillholes are widely spaced along domain extents
A very low number of valid samples per mineralised domain
A low number or no bulk density data for a number of domains and sub-domains
Lack of QAQC data, and quality control issues
On working through the estimation process, it became clear that although the in situ deposit models are
coherent and robust based upon an interpretation of combined historical and recent (valid) drilling, the
domains require significant additional drill testing to increase valid input sample data numbers and
sample density for both grade and bulk density determination, and improved resource block
classification.
Quality control sample data analysis and interpretation raised a number of issues with respect to assay
precision and repeatability. This could be due to nugget effect or sampling error, and will require
follow up investigation studies.
Due to these reasons the restriction and selection of resource classification currently applicable to the
deposit areas are deemed appropriate, particularly for in-situ domains.
sections.
dependent upon the cost of mining and processing the mineralisation and the selling price of the final
product.
The economic cut-off grade for Dombraly was established using grade and block revenue factors.

89

Oxide mining cost US$1/t (waste dump and pit infill)/US$1.7/t (in-situ)
mined block.
low grade stockpile and pit infill material, and US$5.55/t and US$8.42/t, for in-situ oxide and
Cut off grades used for reporting are 0.1g/t Au for thelow grade stockpile, 0.2g.t Au for the pit infill
types.
operations.
At Dombraly, the historical extraction of the upper part of the oxidation zone was carried out in 1985 to
1988 when the price of gold was very low at US$320 to US$460 per troy ounce, using a gold cut-off
grade of 2.5 g/t Au. Upon completion of the extraction of oxidised material, the mine was partially
reclaimed by backfilling with the mined rock then regarded as waste. At that time the gold-bearing
mineralisation left in the bottom and sides of the pit probably did not have any commercial value due to
its relatively low grade compare to the grade of the ore which was produced (6.96 g/t Au). With
improved heap leaching techniques and gold prices now about 3 times higher, the economics of
potential gold production at Dombraly are again attractive even at much lower grade, well below the
historical cut-off grade.
Based on available information, ACA Howe and MCS believe that the exploration and resource
development of Dombraly is progressing well and that there is scope to develop a potentially
economically viable gold resource.
Scope remains for the improved resource classification via infill drill testing, and additional resource
tonnages via step out drilling to test in situ mineralisation open along strike and depth.
Open pit production took place in 1985 to 1988 when the price of gold was very low, at US$320 to
US$460 per troy ounce, using a gold cut-off grade of 2.5 g/t Au. With improved heap leaching
techniques and current gold prices, the economics of potential gold production at Dombraly are again
attractive even at much lower grade, well below the historical cut-off grade.
6.16 DOMBRALY - RECOMMENDATIONS
Several issues and sensitivities have been highlighted as part of this study and are outlined below.
90
These issues ultimately impact on the robustness and confidence of the geological and resource model
and should be considered for improved assessment, estimation of higher classification of resources and
mine planning.
Data Collection
No geotechnical/geomechanical logging is taking place at drill site, and although core recoveries are
reported to be very good overall, it is best practice to perform orientation marking, metre marking,
recovery, RQD and fracture frequency logging, prior to transportation. Transportation of the core could
result in the disintegration of less competent zones (which generally tend to be those of greatest
interest).
The lack of drill core orientation is an issue. Much more information could and should be collected
from drill core given the structural complexities that exist at the deposit. Greater accuracy with metre
marking, RQD measurements, along with performing angle and orientation (alpha/beta) measurements
of features relative to orientation line and core axis is essential in these deposit types. The importance
of oriented drill core and measurement of controlling structures will become critical as exploration and
work towards improved resource classification within the project continues.
Sampling is performed to a reasonable standard. However, due to the non-orientation of the drill core,
inconsistencies are introduced into the system. Without orientation line control, the core will be
sampled randomly along its axis, and may well introduce bias to the samples. Best practice is to sample
along the core orientation line thus being consistent and selecting a sample perpendicular to the
perceived strike of mineralisation and mineralised veins etc.
The sampling methodology is considered good practise in this type of deposit and is suitable for gaining
a detailed understanding of lithological host rocks and controls of mineralisation.
Bulk density date is lacking from a number of areas. A greater number of bulk density samples are
required from all zones.
Analyses
Sampling preparation methodology appears reasonable and satisfactory.

Sample dispatch routines, and dispatch record sheets which have been observed and considered
consistent and of a satisfactory standard.
Sample security protocols were discussed with site personnel and demonstrated to MCS during the
project site visit. These are considered entirely satisfactory.
Checks on accuracy of analytical process and equipment for DDH appear satisfactory, however
duplicate analysis for RC and grab samples are seen show low correlation and requires follow up.
This is of concern with regard to nugget effect and/or the preparation of samples potential
contamination and introduction of error at the sample preparation stage.
It is MCS opinion that although overall satisfactory quality control and assurance for the current dataset
does raise some concerns and issues with regard to precision and accuracy of analysis. These issues
should be investigated further as part of the ongoing QAQC process to enable improved confidence in
updated resource estimations. Recommendations include:
Use of field duplicates
Verification twin drill holes and trenching

91
Domain modelling
Geology and controls are reasonably well understood given the available data for the particular study
area, and historical models. Better understanding can be gained by improved alteration and structural
logging (oriented core), which will ultimately improve resource models and resource confidence.
Metallurgical testwork
Further metallurgical test work is required to obtain representative values across all deposit areas and
material types.
In addition MCS recommends the following work is undertaken to progress the deposit areas toward
improved classified and reportable resource and reserve block model estimations.
Further drill testing of current exploration solid models along strike and at depth.
Detailed geological, structural and grade domain modelling of the new drilling areas and
development of exploration/deposit model and concepts in the current near surface
exploration areas to assist further exploration and resource estimations.
Refined domain geostatistics to determine optimal natural grade boundaries.
Domain statistics and variography to determine optimum exploration drill spacing.
Further historical data import, modelling and verification by possible means of selected
channel and or drillhole re-sampling and analysis, twin drillhole verification, comparison of
historical exploration data versus production data.
Follow up and resolve current data validation issues.
Detailed review of literature and deposit model types.
Audit of analytical laboratory and review of certification/accreditation.
Review and/or updated metallurgical test work studies.
It is recommended both the historical and current database and the wireframe models be constantly
updated and should always reflect the latest stage of the exploration so that changes or adjustments to
any future exploration programs (planned drilling location), can be made immediately with best
available data and interpretations.
92
REFERENCES AND OTHER SOURCES OF INFORMATION
General
ACA Howe International Limited, 10 December 2009. Updated Scoping Study on the oxide,
transitional and primary resources at the Uzboy gold deposit, Akmola Oblast, Kazakhstan. For
Alhambra Resources Ltd.
Bekzatov, A., 2004. Gold of Kazakhstan: Brief Overview. KAZAKHSTAN International Business
Magazine No. 1, 2004 (by Adil Bekzatov, Industry Analyst of OJSC Kazkommerts
Securities). Published on website http://www.investkz.com/en/journals/38/164.html
Plyushchev, E., 28 March 2011 email. Draft exploration program. File name: EP proposal exploration
program 3-8-2011 ACA Howe.doc
Stiskin, M., Donskoy, S., Lapshina, I., and Zhunisov, Z., December 2010. Russian Metals and
Mining, Russian Gold Sector: Stars Aligned. Troika Dialog private investment bank.
http://traders.net.ua/_ld/12/1244_101223-1014_MET.pdf (Map including Kazakhstan on page
30)
Dombraly
ACA Howe International Limited, 2 June 2008. Dombraly site visit notes. By geologist Galen White
addressed to Elmer Stewart and John Komarnicki of Alhambra Resources Ltd. Filename:
DombralySiteVisitNotesGalenRWhite02June2008.doc
ACA Howe International Limited, 6 September 2010. Notes on the current status of the ACA Howe
estimation of waste pile, pit backfill and oxide/sulphide zone resources at the Dombraly
Project. By geologist Leon McGarry. Filename:
ACAHoweDombralyProjectStatus06September2010.doc
Alhambra website, January 2011a, http://www.alhambraresources.com - exploration projects: ALH
website - Dombraly Final detailed writeup.pdf. (Contains information originally reported in
Russian.) Filename: ALH website - Dombraly Final detailed writeup.pdf
Anon., 2007. Geological report with ore and gold resource calculation for the Dombraly II deposit (as
of Jan. 1, 2007), Library of SCGC. (Contains information originally reported in Russian.)
Begayev, I.V., Teleshev A.A., et al., 2006. Technical and economic substantiation of the parameters of
oxide gold ores from the Dombraly II deposit as of Jan. 1, 2006, Library of SCGC. (Contains
information originally reported in Russian.)
Begayev, I.V. and A.A. Teleshev, et al., 2007. Report on Ore and Gold Reserves Estimation,
Dombraly II Gold Deposit (as at January 01, 2007), 2 volumes. 159 pages of text, 56 graphical
Figures on 57 pages, 36 Tables, bibliography 22 March 2007. (Territorial Administration
Sevnedra, Joint Venture Saga Creek Gold Company LLP., Geos Ltd., NorthKazakhstan Oblast, No. -43-109. (Contains information originally reported in Russian.)
Filename: Dombraly II report (eng)10.12.07.doc
Bolotova, L.S., July 2005. Metallurgical test of Technological Sample DTL-1 collected from
Dombraly gold deposit. National Centre of Complex Processing of Minerals of the Republic
of Kazakhstan (Kazmechanobr). (Contains information originally reported in Russian.)
Filename: 1Report Dombraly DTL1(eng)July2005.doc
Bolotova, L.S., December 2005a. Studies of heap leach gold recovery from ore test sample DLT-1 add, collected from Dombraly gold deposit. National Centre of Complex Processing of
Minerals of the Republic of Kazakhstan (Kazmechanobr). (Contains information originally
reported in Russian.) Filename: 2Report Dombraly DTL1ad (eng)Dec2005a.doc
Bolotova, L.S., December 2005b. Studies of small Technological Samples DTK-1 DTK 11 collected
from Dombraly - II gold deposit. National Centre of Complex Processing of Minerals of the
Republic of Kazakhstan (Kazmechanobr). (Contains information originally reported in
Russian.) Filename: 3Report Dombraly DTK1-DTK11(eng)Dec2005b.doc
93
Bolotova, L.S., September 2006. Laboratory studies of concentrability of sulphide ore of Dombraly II gold deposit (Sample DLT-2). National Centre of Complex Processing of Minerals of the
Republic of Kazakhstan (Kazmechanobr). (Contains information originally reported in
Russian.) Filename: 4Dombraly LTD-2 Flot_Grav(eng)Sept2006.doc
Bubareva, N.V., Nikel V.G., et al., 2005. Report on hydrogeological geoecological studies at the
Dombraly II deposit, Library of SCGC. (Contains information originally reported in Russian.)
Tarnovski, Y.I., 1953. Report on prospecting and exploration group for 1953. Geological setting of
map sheet N-42-132-A, Library of SCGC. (Contains information originally reported in
Russian.)
94
DATE AND SIGNATURE PAGES
CERTIFICATE and CONSENT of AUTHOR

With reference to NI 43-101, I, John Langlands, do hereby certify that:
(a) I am currently employed as Principal Geologist by:
ACA Howe International Limited
254 High Street, Berkhamsted, Hertfordshire, HP4 1AQ
United Kingdom
(b) The title and date of the Technical Report to which this certificate applies are as follows:
Title: Technical Report Introduction and Resource Estimation for the Dombraly Gold Deposit in
north-central Kazakhstan.
Date: 22 March 2012.
(c) I am a graduate of the University of Edinburgh and hold a B.Sc. Honours degree in Geology (1969)
and a Diploma in Resource Management (1980). I have been employed as a geologist for 42 years
since graduation and with ACA Howe International Limited since 1980. I am a Fellow of the Institute
of Materials, Minerals and Mining (formerly the Institution of Mining and Metallurgy), a Fellow of
the Geological Society and I am a Chartered Engineer with the Engineering Council. I certify that by
reason of my education, Fellowship of the Institute of Materials, Minerals and Mining and relevant
work experience, I fulfil the requirements to be a qualified person for the purposes of NI 43-101.
(d) I have not visited the properties which are the subject of the Technical Report.
(e) Together with the co-author, James Hogg, I am responsible for the overall structure and content of
the Technical Report.
(f) I am independent of the issuer since there is no circumstance that could, in my opinion and the
opinion of a reasonable person aware of all relevant facts, interfere with my judgment regarding the
preparation of the technical report.
(g) I have not had prior involvement with the issuer or the property that is the subject of the Technical
Report, other than as an independent consultant to the issuer.
(h) I have read National Instrument 43-101 and Form 43-101F1, and the Technical Report has been
prepared in compliance with that instrument and form.
(i) As of the date of the Certificate, to the best of my knowledge, information and belief, the Technical
Report contains all scientific and technical information that is required to be disclosed to make the
technical report not misleading.
With reference to NI 43-101, Part 8 Certificates and Consents of Qualified Persons for Technical
Reports, 8.3, (a), I, John Langlands, address the following statement to the securities regulatory
authority:
(a) I consent to the public filing of the Technical Report and to written disclosures of extracts, or the
summary, of the Technical Report, subject to other conditions of NI 43-101.
Dated this day 22 March 2012.
John Langlands, BSc, FGS, FIMMM, CEng.
95
CERTIFICATE and CONSENT of AUTHOR

With reference to NI 43-101, I, James Emberton, do hereby certify that:
(a) I am currently a Senior Associate Geologist with:
ACA Howe International Limited
254 High Street, Berkhamsted, Hertfordshire, HP4 1AQ
United Kingdom
(b) The title and date of the Technical Report to which this certificate applies are as follows:
Title: Technical Report Introduction and Resource Estimation for the Dombraly Gold Deposit in
north-central Kazakhstan.
Date: 22 March 2012
(c) I am a graduate of the University of Durham and hold a B.Sc. degree in Geology (1961). I have
been self-employed as a consultant geologist since 1984. Prior to that I was employed as a
mining/exploration geologist both in Australia and UK for 21 years. I am a Fellow of the Institute of
Materials, Minerals and Mining (formerly the Institution of Mining and Metallurgy and a Chartered
Engineer with the Engineering Council. I certify that by reason of my education, Fellowship of the
Institute of Materials, Minerals and Mining and relevant work experience, I fulfil the requirements to
be a qualified person for the purposes of NI 43-101.
(d) I have not visited the properties which are the subject of the Technical Report.
(e) Together with the co-author, John Langlands, I am responsible for those sections of the Technical
Report describing the property, regional and local geology and mineralisation.
(f) I am independent of the issuer since there is no circumstance that could, in my opinion and the
opinion of a reasonable person aware of all relevant facts, interfere with my judgment regarding the
preparation of the technical report.
(g) I have not had prior involvement with the issuer or the property that is the subject of the Technical
Report, other than as an independent consultant to the issuer.
(h) I have read National Instrument 43-101 and Form 43-101F1, and the Technical Report has been
prepared in compliance with that instrument and form.
(i) As of the date of the Certificate, to the best of my knowledge, information and belief, the Technical
Report contains all scientific and technical information that is required to be disclosed to make the
technical report not misleading.
Reports, 8.3, (a), I, James Emberton, address the following statement to the securities regulatory
authority:
Dated this day 22 March 2012.
James Emberton, BSc, FIMMM, CEng.
96
J. N. HOGG
Second Floor, Challoner House
19 Clerkenwell Close
London
EC1R 0RR
United Kingdom
Telephone: +44 (0)203 176 0080
Email: jhogg@micromine.com
CERTIFICATE of AUTHOR and CONSENT of AUTHOR
I, J. N. Hogg, MSc., BSc., MAIG do hereby certify that:
1.
I am currently employed as a Senior Resource Geologist by:

Micromine Limited
London
EC1R 0RR
United Kingdom
2.
I graduated with a Bachelor of Science degree (Hons) in Geology from

Kingston University, Surrey, UK, in 1993. In addition, I obtained a Masters of
Science (merit) in Mineral Exploration in 1996 from the University of
Leicester, Leicestershire, UK.
3.
I am a member of the Australian Institute of Geoscientists, and Prospectors

and Developers Association of Canada.
4.
I have worked as a geologist for a total of 15 years since graduation from

university. Relevant experience includes 8 years exploration, resource and
reserve development of lode gold, silver and base metal deposits in Western
Australia with Delta Gold NL, Sons of Gwalia Ltd and Newmont Australia
and 7 years as consultant resource geologist initially with ACA Howe
International Limited and later Micromine Consulting Services.
5.
I have read the CIM code, and definition of qualified person set out in
National Instrument 43-101 (NI 43-101) and certify that by reason of my
education, affiliation with a professional association (as defined in NI 43-101)
and past relevant work experience, I fulfill the requirements to be a qualified
person for the purposes of NI 43-101.
6.
Together with the co-author, John Langlands, I am responsible for the overall
structure and content of the Technical Report.
7.
I have not conducted a site visit to assess data collection methodologies,

auditing and data verification exercises for the purpose of this resource
estimation report. This was undertaken by Mr. Evgenij Zhuravlyov, Senior
Geologist, Micromine Consulting Services (Kazakhstan), between the dates
12th and 14th August 2011.
8.
I am not aware of any material fact or material change with respect to the
subject matter of the Technical Report that is not reflected in the Technical
97
Report, the omission to disclose which makes the Technical Report
misleading.
9.
I am independent of the issuer applying all of the tests in section 1.4 of

National Instrument 43-101.
10.
I have no prior involvement with the project.
11.
I have read and am familiar with CIM code and National Instrument 43-101
and Form 43-101F1. The Technical Report has been prepared using those
reporting guidelines.
Reports, 8.3, (a), I, James Hogg, address the following statement to the securities regulatory authority:
(a) I consent to the public filing of the Technical Report and to written disclosures of extracts,
or the summary, of the Technical Report, subject to other conditions of NI 43-101.
Dated this day 22 March, 2012.
J. N. Hogg
98
M.SOSTRE
London
EC1R 0RR
United Kingdom
Telephone: +44 (0)203 176 0080
Email: msostre@micromine.com
CERTIFICATE of AUTHOR and CONSENT of AUTHOR
I, M. Sostre, MSc., BSc., AUSIMM do hereby certify that:
1.
I am currently employed as a Senior Resource Geologist by:

Micromine Limited
London
EC1R 0RR
United Kingdom
2.
I graduated with a Bachelor of Science degree (Hons) in Geology from

Zaragoza University, Spain, in 1998. In addition, I obtained a Masters of
Science (merit) in Mining Geology in 2009 from the Camborne School of
Mines (University of Exeter), UK.
3.
I am a member of the Australian Institute of Mining and Metallurgy

(AUSIMM).
4.
I have worked as a geologist for a total of 10 years since graduation from

university. Relevant experience includes structurally controlled lode gold
system modeling and geostatistics whilst spending 2 years as consultant
geologist with Wardell Armstrong Limited and 4 years resource consultant
with Micromine Consulting Services.
5.
I have read the CIM code, and definition of qualified person set out in
National Instrument 43-101 (NI 43-101) and in spite of my education,
affiliation with a professional association (as defined in NI 43-101) and past
relevant work experience for this particular deposit type, I do not fulfill the
requirements to be a qualified person for the purposes of NI 43-101 at this
time.
6.
I am responsible for the content of section 6.10 under the supervision of

qualified person, Mr. James Hogg MAIG, Senior Resource Geologist,
Micromine Ltd.
7.
I have not conducted a site visit to the property.
8.
I am not aware of any material fact or material change with respect to the
subject matter of the Technical Report that is not reflected in the Technical
Report, the omission to disclose which makes the Technical Report
misleading.
99
9.
I am independent of the issuer applying all of the tests in section 1.4 of

National Instrument 43-101.
10. I have no prior involvement with the project.

11. I have read and am familiar with CIM code and National Instrument 43-101
and Form 43-101F1. The Technical Report has been prepared using those
reporting guidelines.
Reports, 8.3, (a), I, Marta Sostre, address the following statement to the securities regulatory authority:
Dated this day 22 March, 2012.
M. Sostre
100
APPE NDI X 1. MCS DOMBRALY
SITE VISIT REPORT
101
MICROMINE CONSULTING
AT
REPORT ON PROCESS QUALITY CONTROL

THE DOMBRALY AND SHIROTNAIA DEPOSITS
Almaty, 2011
102
Authors of the Report on Process QA/QC at the
Dombraly and Shirotnaia Deposits of Sary-Arka
licensed territory of Saga Creek Gold Company LLP visited the stated deposits for the purpose of inspection of
conducted geological exploration works, their scope and quality. The deposits are explored on the basis of issued
licenses No.719 and No. 1029. The Dombraly and Shirotnaia gold deposits are located in North Kazakhstan
Oblast of the Republic of Kazakhstan in the region with developed infrastructure. The major gold fields known
here are Vassilkovskoe, Stepnyak, Aksu, Bestobe, Zhelombet, also there are uranium, tin, industrial diamonds,
titanium and zircon deposits. Underexplored deposits of Bailyusty, Severnoe Bailyusty and Kimaly are located
nearby the Dombraly and Shirotnaia deposits.
The Dombraly deposit was discovered in 1966 and from 2002 it has been explored by Saga Creek Gold Company
LLP. Geological-economic appraisal (together with Geos LLP) based on the results of estimation by alternatives
of oxide-bearing gold ores was carried out in 2006. Feasibility study of evaluation conditions was approved by the
State Reserves Committee of the Republic of Kazakhstan (the RoK SRC) (Minutes of Meeting No.496-06-K
dated 21.03.2006). Obtained technical and economic indicators prove the possibility of cost-effective
development of gold-sulphide ores together with technologic mineral formations by open-cut mining. Oxide
reserve mining in solid of the open pit was considered to be economically impractical due to a high strip ratio and
insufficient content of gold in oxide ore. However, with current prices on gold this position will be reconsidered.
Total reserves in subsoil of oxide ores, re-cultivated mined rock in open pit and industrial dump of 2 category
amounted to: ore 4254.1 thous. tons, gold 6478.8 kg, average gold content 1.52 g/ton. Reserves of goldsulphide ore to the depth of 300 m on 2 category amounted to: ore 575.6 thous. tons, gold 3119.6 kg, average
gold content 5.42 g/ton. Geological exploration works are still ongoing.
The Shirotnaia deposit is located in Akkol region, 3 km north-east from Aksu settlement. Most of the deposit is
located in stream-valley and is bridged over with recent sediments. Exploration works in 2002-2011 were carried
out on the territory of the whole deposit by trenching, drilling core holes, RCC holes and air drilled holes. These
works resulted in detecting of 2 thick zones of mineralization including the group of large ore bodies and lenses.
On the south-west side, 520 m from the main body, there is a zone of a column-shaped mineralization with
inclination 50-450 north-west. Exploration of main ore bodies was done by core holes to the depth of 120-140 m
(18 holes). North-east flank with length of up to 2 km is the most prospective for discovering new ore bodies.
Four bodies of ore mineralization with length of 1100 m and thickness of 5-40 m with average gold content of
0.8-1.1 g/ton were discovered as a result of exploration drilling works on this flank.
As of 01.01.2010, according to the preliminary estimation, gold reserves in the area of oxidation on 2 category
amounted to 3900 kg with average gold content of 1.2 g/t. In oxide ores on P 2 category the gold amounted to
40,000 kg with average content of 1.2 g/t. The exploration works are still ongoing on the site.
The results of analyses on the main part of holes samples for this year havent been obtained yet.
The results of works are stated in corresponding reports and are done using Microsoft Excel, Word, MapInfo,
Access, Corel Drw. Interpretation of geological exploration data on the Dombraly and Shirotnaia deposits was
carried out by Micromine program.
The authors are thankful to the management and the chief specialists: John Komarnitski (Alhambra company) and
Alexander Miroshnichenko, Yevgeniy Plyuschev, Stepan Trofimov (Saga Creek Gold company) for warm welcome
and arranging details allowing visiting the Dombraly and Shirotnaia deposits on August 11-15, 2011, as well as seeing
their infrastructure and collecting the required geological data.
1. Brief Geological Structure of the Contract Area
The contract territory (Licenses No.719 and No.1029) covers north-east part of Kokchetav-North-Tian-Shan
Caledonian mosaic fold system. In the northern part of Kokchetav-North-Tian-Shan fold system there are four
Caledonian structured formation megazones with almost north-south direction: Ishim-Karatau megazone
(western), Kokchetav-Ulutau anticline megazone (eastern), Stepnyak-Zhaksykon syncline megazone (central),
Yerementau-Boschekul anticline megazone (from the east).
The contract territory is mostly located in the central and north parts of Stepnyak syncline. From the west and
from the north, the part of Kokchetav block mass anticline is considered the part of the contract territory
(Kokchetav and Shat anticline) and from the east the western part of Ishkeolmes anticline is also considered the
part of the contract territory.
103
Figure No.1
Location map, scaled 1:1000000
104
Kokchetav block mass is divided by geologic and geophysical data into four structure blocks:
Shatskiy, Zagradskiy, Borovskoi and Zerendinskiy.
The Caledonian structures formed by the mid-Ordovician deposits of Stepnyak strata lay in the
structures of ancient folded body of Kokchetav block mass with dramatically different tectonic layout.
These mid-Ordovician deposits form rather small brachiform synclines. The largest ones have sublateral extension. Superposed folds made by glomerations and sand-rock of upper Ordovician also
have the same characteristics.
Stepnyak syncline is a complex late-Caledonian folded structure. It is formed by slightly
metamorphized deposits of mainly middle and upper Ordovician. There are several syncline and
anticline zones in the synclinorium.
Hercynian structural level is represented by wide and flat geological basins laid over consolidated
Stepnyak synclinorium and Ishkeolmess anticlinorium. Geological basins are formed by thick mass of
the volcanic rocks of the Lower-Middle Devonian, the red beds of the Givetian-Frankish age, and by
carbonic rock.
2. General Information on the Dombraly Deposit

The Dombraly gold field is located within a sheet N-43-109-a. Geographical coordinates of the field
center N 5255 and E 7205.
The nearest railroad station Aksu is located in 70 km to the south from the field. The nearest
settlements in the area of the deposit are Zolotaya Niva (15 km west), Projektor (20 km east) villages,
Komsomolskiy settlement (42 km north-east), Valikhanova settlement (40 km west), population of
which is mostly work on personal farms. All settlements are interconnected by country roads that are
only suitable for vehicles at summer. The terrain of the deposit area is plain with highly compressed
ridges, ranges, wide drainless hollows and lake degradations. Sea level is 220-325 m with local
difference in elevation being 1-5 m, rarely 8-10 m.
The area exposure is very poor. Segmental rock outbreaks of effusive rock are rare. The whole area of
works is blocked by poorly consolidates sediments of the Quarternary age, thickness of which on the
average does not exceed 10 meters. Hydrographic network of the area is underdeveloped and is
represented by rare dried river channels and Kizdyn-Karassu and Karassu rivers.
Rivers water schedule is of a seasonal nature and their activity depends on the spring thaw and
periodic rains. During the summer the rivers look like the chain of narrow, shallow and isolated from
each other pools. River beds are formed by clay loam, sand clay, clays and rarely by sand and gravel
material. River valleys are meandering with insignificant slopes (0.001-0.002), smooth slopes, poorly
defined terraces above flood-plain and flood-plains. River valleys are usually swamped.
The climate of the region is extremely continental. The coldest months are January and February with
average monthly temperatures varying from -17, -20 up to 35.4. The highest average monthly
temperatures (+18, +22) are in June-July and reach up to 35.3.
Average annual precipitation varies from 250 to 300 mm. Long-term average annual precipitation is
268 mm. Prevailing wind direction at summer is west and south-west; at winter north-west, west and
rarely north-east and east. The territory can be classified as sheep fescue/feather-grass steppe of the
North Kazakhstan as per the nature of vegetation. Xerophilous narrow-leaved gramineous plants like
feather grass, Stipa capillata and sheep fescue form a rather monotonous background. In low places
carpet plants become denser, gramineous plants are replaced with miscellaneous herbs. Birch and
aspen groves with bushes grow in swamped low lands.
105
Soil cover is represented by reddish brown and light-gray chestnut, loam and sandy loam soils with
thin humus horizon (0.1-0.5 m). Fauna is defined by the peculiarities of the landscape. Mammals are
mostly represented by rodents: prairie dogs, hamsters, field mice, marmots and such animals as hares,
wolves and foxes. Large mammals (roedeers and roars) are rather rare. There are enormous numbers
of mosquitoes, midges, horse-flies, gadflies, flies and mites. There are a lot of birds are well. Most of
them are of passerine and sandpiper families.
Photo 1. Open cut at the Dombraly Deposit
Photo 2. View of the open pit from the low grade stockpile
Electricity for a future mining processing plant will be supplied via LEP-35 kV (power line)
constructed by the subsoil user from Zolotaya Niva village (15 km) to the deposit.
Supply of drink and process water for the needs of processing facilities will be ensured in required
volumes from the wells drilled on the territory of the deposit.
Explored fields of industrial minerals are unknown in this area. Surroundings of the deposit to the
radius of 20-25 km are prospective for exploring deposits of non-metal rock and industrial minerals
106
deposit required for arranging ore processing production by heap leaching method: waterproof clay
sand and gravel mix.
Large-scale geological exploration works in the area of Dombraly deposit were started in 1952 by
searching party of the Kazzoloto trust of quartz-lode deposit of Severnoe gold field (Severnoe
Bailyusty). Evaluation of this site was also conducted by this party in 1966-1968, and in 1969-1972 by
Tselinograd Exploration Company of the Central Kazakhstan Territorial Geological Administration.
During the exploration period oxide zone was explored by mine opening on surface (pit-holes, ditches,
test pits, bell-pits) and by underground mining workings (shaft, roadways and crosscuts to it) on the
horizon 30 m from the surface and down to 170 m by core holes. During exploration period,
technological survey of oxide ores for developing a washing process layout was done. Reserves
estimation was approved by the Territorial Reserves Committee of the Central Committee of
Production Geological Association (Minutes of Meeting, No. 3-411, dated 27.02.81). Estimated
reserves were assigned to the balance of Kazzoloto industrial complex, except the reserves of 2
category.
In 1985-1988 the deposit was mined to the horizon of 60 m from the surface by Enbek prospectors
team of Kazzoloto Mining and Processing Complex.
For the period of operation, 140 thousand tons of ore and 949 kg of gold with content of 6.96 g/t were
extracted.
In 2002-2005 geological exploration works at the Dombraly deposit were re-started by JV Saga Creek
Gold Company LLP. The purpose of the works of this period was re-estimation of oxide ore reserves
in pillars with account to the gold in the re-cultivated rock mass in the open pit for determining the
opportunity for their processing by heap leaching technology. During the works on preliminary
economic-geological evaluation it became clear that it was economically impractical to process all
oxide ore reserves due to high overburden ratio and insufficient gold content in the oxide ores. Cost
efficient development is possible only for some part of oxide ore reserves (by reducing the depth of
final open pit). At that, the reserves of oxide ores for development will be decreased by 33.8%.
Complete development of gold reserves in oxide zone is only possible by taking dump technogenic
mineral formations to heap leaching processing. Reserves estimation in technogenic mineral
formations was carried out in 2005. Geological exploration works on estimation of gold-sulphide ores
were conducted together with re-estimation of the reserves of gold in oxide area.
Volumes of the reserves as of 01.01.2008 of the Dombraly deposit are shown below:
107
Reserves allocation at the Dombraly deposit
On the balance
Extracted in 1985 - Re-estimation

88
01.01.2008
Category
Ore,
thous.to
ns
Average
content,
g/t
Gold, kg
87.8
10.82
949.9
Ore,
thou
s.ton
s
Aver
age
conte
nt,
g/t
Gold
, kg
Category
of
the reserves
as
of
Ore,
thous.to
ns
Avera
ge
conten
t, g/t
Gold, kg
2, including
2,
including
In situ ore
In situ ore
1451.9
2.05
2981.7
Re-cult. mass
Re-cult.
mass
1060.3
0.90
951.1
Low grade
stockpile
total 2
1742.0
1.46
2546.0
34.9
8.63
301.4
Low grade
stockpile
total 2
4254.1
1.52
6478.8
1+2
122.7
10.20
1251.3
975
1+2
4254.1
1.52
6478.8
2
1
2
1+2
5.42
3119.6
10.82
8.63
10.20
949.9
301.4
1251.3
975
2
1
2
1+2
575.6
87.8
34.9
122.7
4829.7
4829.7
1.99
1.99
9598.4
9598.4
140
140
6.96
6.96
Table 2.1
Estimation of oxide ores in situ and in technogenic formations of the Dombraly deposit was done on
the basis of the results of geological exploration works carried out by the Dombraly Geological
Exploration Crew of Tselinograd Exploration Company of TsKTGU in 1969-1972 and by JV Saga
Creek Gold Company LLP in 2002-2005 on the basis of estimation conditions approved by the RoK
State Reserved Committee (Minutes of Meeting, No.496-06-K, dated 21.03.2006). Estimation
parameters accepted by the analogy to estimation conditions for the gold-sulphide ores of the Uzboy
deposit (underground development method) were used for estimation of the gold-sulphide ore
reserves.
Chemical analyses were made at Kvartz Chemical Analytical Laboratory LLP and Tsentrgeolanalit
CJSC. Technological survey was done by Kazmekhanobrom. Such works as: field survey,
hydrogeological, engineering-geological works and environmental monitoring, were conducted by the
Karagandy Branch of Azimut Company.
108
2.1 Geological Structure of the Dombraly Deposit
The Dombraly II deposit is located in the Stepnyak synclinorium close to its connection to
Ishkeolmess anticlinorium. It is referred to the central part of the Bailyust synclinal zone complicating
the Stepnyak synclinorium with north-north-west trending in the area of the deposit. The total length
of the structure is approximately 100 km with width of 11 km. The deposit is located within the
Dombraly tectonic zone of north-north-west trending. Within this structure there are several gold ore
occurences: to the north of the deposit - Kimaly gold polymetallic ore occurrence and small quartzlode deposit of gold Severnoe Bailyusty, to the south Bailyusty gold field and other gold ore
occurrence.
2.1.1 Stratigraphy
Igneous-sedimentary rocks of Maylisor, Mayatass (Bailyust) and Shat (Koksengirsor) series of upper
Ordovician take part in forming the geological structure of the deposit.
Maylisor series (upper-Caradoc Sub-stage Ashgillian Stage).
Diabase-spilite strata of Maylisor series forms the western wing of synclinal fold. It is formed by darkgreen-gray spilites and diabases with interlayers of tuffs and tuffaceous sandstone. Diabases in form of
thin dikes are found in the layer of spilites.
Mayatass (Bailyust) series (upper-Caradoc Sub-stage Ashgillian Stage).
Deposits of these series form the core part of the Ordovician synclinorium. The horizon of ash-gray
tuffaceous sandstones and silty rocks with lens of psammite and psammite-psephitic tuffs of average
composition lies in the base of the series. It is separated from the overlying horizon by interlayer of
basal conglomerates. Polymictic sandstones, silty rocks, argillites of gray, green and lilac color with
interlayers of silicified and carbon-bearing silty rocks and lens of marmorized limestone are developed
in the upper part of series cut.
Shat (Koksengirsor) series (upper-Caradoc Sub-stage Ashgillian Stage). Deposits of these series
form core parts of small synclinal folds of sub-meridian and north-west trending. They are mostly
represented by tuffs of andesitic composition interlaying with coarse-grained tuffaceous sandstone.
Mesozoic Weathering Crusts. Weathering crusts developed throughout the whole territory of the site,
they are concealed under the Cenozoic deposits. Areal and fractured-linear types of crust can be
observed. Areal weathering crusts in section are characterized by subhorizontal occurrence of
subzones. In the linear-fractured saprolites the subzones occur aslope matching the attitude of tectonic
dislocations, on which they develop.
As per the degree of changes in the section of a crust the following five are weathered (from top to
bottom):
Structureless clayish weathered crust composed from reddish-yellow, light-gray-green, light-brown,
grayish- and pinkish-red clays, sometimes, with inclusion of ferrous nodules. Indistinct relics of
structures and textures of parent rock can be rarely detected in the lower part. Possibly, it corresponds
to the zone of colored kaolinites by its composition.
Structured clayish, loamy, arenaceuos weathered crust (corresponds to the upper part of intermediate
weathering) is represented by clays, and with high content of quartz in parent rock it is represented by
clay loam and sand clay with usually distinct relict structure and texture of parent rock. Thickness is
from 4 to 9 m, in the areas of tectonic jointing it increased up to 18 m.
Rubble-clayish weathered crust (the volume of break stone of weathered parent rock being less than
50%). The most of the rock volume is clays, clay loam and sand clay. It corresponds to the lower part
of intermediate weathering area. Thickness is from 1.5 to 8-12 m, in the areas of jointing up to 17 m.
109
Rubble-clayish weathered crust (the volume of break stone of weathered parent rock being more than
50%), corresponds to the upper part of rock breaking area. Thickness is from 0.2 to 13 m.
Intensively weathered-fractured rocks corresponding to the lower part of rock breaking area.
Thickness is from 6-10 m to 19-26 m. Total thickness of weathered crusts throughout the territory
varies from 21 to 120 m.
Selective concentration of gold in any subzone of weathered crust hasnt been detected.
The previous exploration works detected non-availability of a significant gold migration in the process
of crust formation. There was only coarsening of gold with insignificant concentration of oxide ores
comparing to the initial condition. Concentration did not exceed 5-10% and occurred by partial
removal of parent rock material during crust formation.
Cenozoic Group
Deposits of the Cenozoic group are represented by eluvial formations covered by clayish deposits and
topsoil.
Eluvial formations developed on the Ordovician are detected everywhere, lithologically represented by
sand clay, clay loam, clays, rubbly rock and argillite. They were uncovered on the depth of 0.20-2.00
m, uncovered thickness reaches 118.50 m (hole 19).
Amongst clayish rock the most frequent is clay loams, both in plan view and by depth. They are
uncovered on the depth of 0.2-11.20 m, maximum uncovered thickness reaches 41.60 m (hole 19).
Sand clays and clays are distributed sporadically. Clayish soils are multicolored, moist, hard, solid,
ferruginous; in the upper part of geological section they are with fractures filled with quarternary clay
loams, often with semi-rock and rock chippings of up to 30-40%.
Rubbly rock with clay loam filling reaching up to 30% is of dark-violet color, was uncovered by hole
20 at the depth of 37 m, uncovered depth 7.5 m.
Argillites are dark-violet, gray with bluish shade, crumbling, rather frail, with low ferruginization and
interlayers of clay loam in the beginning of the interval. Uncovered by holes 19 and 20 at the depth of
42.6, 44.5 m. Maximal uncovered thickness is 47.8 m (hole 19).
Topsoil is almost everywhere. Its thickness is 0.15-0.30 m.
2.1.2 Subvolcanic Magmatism

Subvolcanic intrusions of the upper Ordovician. Intrusions are represented by several separate bodies
of andesite porphyrites, dolerite and dikes. Subvolcanic bodies of andesite are logged on the south
flank of the ore field. In plan view they have lenticular shape. Their size on long axis is 800-900 m,
and on short 200-400 m. They are characterized by greenish-brown color, porphyric structure and
small/medium-grained ground mass. Porphyric buildups are numerous and large (up to 5-10 mm), they
are represented by plagioclase and hornblende.
Subvolcanic body of dolerites is located 1 km north-east from the deposit. It has lenticular shape and
sizes of 480x180 m.
110
Dikes of diabases are localized within the ore area of the deposit and are related to the tectonic areas of
sub-meridian trend. They are not detected often. These dikes are characterize by insignificant
thickness (from 0.5 to 5-10 m), length (first dozen of meters and are not affected by hydrothermal
metasomatic changes.
2.1.3 Tectonics
Synclinal limb containing the deposit is tectonized by two systems of fractures. Thrust fault of
northeast trending is the basic disjunctive structure and with a dip it moves east, southeast under 60-70
degrees. The thickness of the brecciation zone on the south flank of the deposit varies within 3-6 m.
The group of sub-parallel crushed zones of north-west trending is ore-bearing. Dip of these zones
varies within 45-65 degrees to the east. Crushed zones were detected rather clearly by south and north
trending by mine opening, holes and geophysical methods.
Both fault systems are accompanied by numerous cleavages and shear cracks filled with quartz. The
net of echelon small cracks determining the stockwork structure of ore body formed in the areas of
fault junctions.
2.2 Ore Body Characteristics
The main ore body and 7 smaller lenses are detected within the area of the Dombraly field oxide zone
with the cutoff grade of gold being 0.3 g/t.
The main ore body includes 73.6% of the total gold reserves of the deposit, it is explored by drill holes
and underground mining and outlined on the surface alone the strike. It is not outlined by the slope,
explored to the depth of 300 m. To the depth of 60 m it was explored by open mining in 1985-88. In
view plan, the ore body mostly have irregular lens form stretched to sub-meridian direction with sizes
on long axis up to 300-500 m, on short axis - 50-60 m. From the side of a hanging layer, lenses 1, 2
and 3 being its apophysis are connected to the ore body. From the north, the ore body sharply wedges
out between profiles 32 and 36. It is possible that this sharp wedge of the ore is associated with
dislocation of ore body by fault plane.
In section, the ore body has asymmetrical lens form and at the bottom it is split into several branches.
In the axial part of the ore body, there are the series of quartz veins and zones of stockwork
silicification that on the flanks of ore body also split.
The dip of the ore body is eastern, rather flat (60-45 degrees), decline is to the north under 20 degrees
in the oxide zone and 45 degrees on the lower horizons. Earlier explored ore bodies 1, apophysis and 2
with cutoff gold grade of 3.0 g/t are localized within the outline of the main ore body and are
controlled by the zones of stockwork silicification.
The Parameters of the main ore bodies of the Dombraly deposit with cut-off grades of gold 0.3 g/t are
shown in Table 2.2.
111
Body
Main body
lens 1
lens 2
lens 3
lens 4
lens 5
lens 6
lens 7
Ore Body Parameters

Explored
Projected width in Average
length, m
oxide zone , m
thickness
in oxide
zone, m
Reserves
Ore,
Average Gold,
thous. gold
kg
tons
content,
g/t
% from
total
reserves
350
165
350
330
180
70
90
100
1191.0
79.1
158.7
228.9
129.4
83.1
29.7
127.6
73.6
1.3
7.0
9.5
2.3
3.4
0.5
2.5
390 (90)
73
60 (45)
90 (30)
110 (30)
180
60
130
24.6
4.5
9.9
8.1
6.9
3.4
2.1
4.4
3.77
1.00
2.68
2.53
1.10
2.49
1.04
1.19
4487.5
79.2
424.6
578.3
142.5
206.8
30.8
151.5
Technogenic mineral formations (TMF) of the deposit are represented by overburden rocks: low grade
stockpile and re-cultivating mined rock in the open pit. The low grade stockpile is located 170 km
south of the open pit on the southeast extension of gold ore mineralization zone with reserves of 1.7
million tons. The low grade stockpile is not registered in the state records. The industrial value of
TMF was determined by the geological exploration works carried out by Saga Creek Gold Company
in 2002-2006. The only commercial element in the low grade stockpile is gold. The area of the low
grade stockpile base is 123095 m2. The volume of the low grade stockpile is 1049.4 thousand m3.
Re-cultivating mined rock fills the south part of the open pit. It has double deck structure. The south
part of the open pit from profile 16 is filled completely to altitude of 218.6 m. The north part of the
open pit is filled partially due to the naturally occurring sloughing of the open pit sides. With regard to
the TMF reserves of the open pit it is rather small (1.06 million tons). The volume of the re-cultivating
mine rock is 612.9 thousand m3.
2.3 The Group of the Deposit Complexity
The deposit is classified as the third group of geological structure complexity according to The
Classification of Reserves and Possible Resources of Solid Mineral Deposits (the RoK State Reserves
Committee, 2001).
The low grade stockpile of the deposit is classified as a second group (average complexity) on the
complexity of exploration. Methodical recommendations on analysis and evaluation of TMF (1995)
suggest air-drilled holes for the category 1 50 100 m. This low grade stockpile was explored by airdrilled holes 40-60 x 50 taking into account high value of gold grade variation (224.1%).
2.4 Estimation of Forecast Resources
The increase of reserve can be achieved on the flanks and deep horizons of the deposit. Currently, this
area of southeast flank is taken for the dump and it is impossible to carry out geological exploration
works here. The forecast resources of 1 category of the main ore body were estimated by the
geological blocks. Outline of the 1 category resources fixed to the C2 category reserves block. The
depth of resources evaluation was limited to 500 m from the surface. The average content of gold and
average horizontal thickness were determined on the basis of the data of sampling drillholes No.401,
402, 403. For the lens of ore 4 forecasted resources of 1 category were estimated to the depth of 300
m. Determined on the basis of the data of sampling drillhole No.23. Forecast resources for 1 category
are 3072.6 kg with average content of 6.02 g/t.
2.5 Geological Exploration Work Methods
112
2.5.1. Survey Works
Survey of the Dombraly deposit was conducted to the scale of 1:1000. During this survey all old and
new geological exploration working were re-connected. Survey works were conducted by the
specialized division of the Karagandy Branch of Azimut Enegry Services JSC.
Division of the basic geodetic network to areas was done using nearest earlier set 3, 4 order state
triangulation points and the state leveling network. The total of 4 points were surveyed and used
further as the base ones for the next work stages.
Transfer of coordinates from WGS-84 system to a nominal coordinate system was done with Trimble
Geomatic Office, Geocalc software.
Field survey works were done with equipment of GPS Trimble4600 in PP-Kinematic mode. GPS
receiver Topcon GP-R1D was used as a base station. Processing of field survey data was done with
GPSurvey and Trimble Geomatic Office software with conversion to the nominal system of
coordinates and to the Baltic Height System. Futher, this set of pickets was loaded to CREDO_TER
program for creation of the digital surface model.
In the zones closed from satellites electronic tachometer Topcon GTS-302 with field terminal FS-5
was used. Tacheometric survey processing was done in CREDO_DAT program.
Topographical drawings were prepared in CREDO_TER program with further export to AutoCAD
and MapInfor. Horizontals were drawn with the interval of 0.5 m.
2.5.2 Stages of the Deposit Exploration
The first stage of exploration and evaluation of oxide zone reserves of the Dombraly deposit was done
in 1969-1972. The program of works included topographic survey, preparation of regional and local
maps, trenching, delving, mines and underground workings in horizons, core drilling and
technological sampling. Deposit exploration was done from the surface with ditches and bell pits
every 12-25 m, on the horizon of 30 m by mine roadways and crossways from them every 20-25 m
and holes by 20x40 and 40x60-80 m grid down to 100-180 m.
The volumes of geological exploration works for this period are provided in the tables below:
Table 2.3
The volumes of geological exploration works for the period from 1969 to 1972
Type of works
Prospecting
and
exploration
drilling
Prospect mapping drilling
Mechanical trenching
Bell pits
Prospecting holes with entry of 9
m2
Cutting crossway of 4 m2
Meas.unit
r.m.
1969-1972
3785.6
r.m.
r.m.
r.m.
r.m.
1840
5416
232.8
32.2
720
113
Table 2.4
Summary table on volumes of sampling by type of work
Types of work
Collecting core samples from holes
Collecting pit samples from holes
Collecting trench samples from underground workings
Collecting trench samples from ditches
Collecting pit samples from ditches
Meas.un.
r.m.
pcs
r.m.
r.m.
pcs
1969-1972
3732.8
425
1954.7
887.2
63
Reserves of the deposit oxide zone were evaluated to the depth of 170 m from the surface. Two ore
bodies were detected in the oxide zone. Reserves of the deposit oxide ores were approved by the
Territorial Reserves Committee of the Central Committee of the Production Geological Association
(Minutes of Meeting No.3-411 dated 27.02.81).
The following reserves were approved with the cutoff grade of gold being 3.0 g/t:
for 1 category 87793 tons of ore, 949 kg of gold with average content being 10.8 g/t of gold.
In 2002-2005 geological exploration works at the deposit were conducted by Caga Creek Gold
Company. The main purpose of geological exploration was clarification of the lower border of the
oxide zone, detection and evaluation of gold-sulphide mineralization, exploration of technogenic
mineral formations of the low grade stockpile and re-estimation of the oxide zone for detecting an
opportunity for processing the remaining oxide ores by heap leaching method. Moreover, additional
exploration of poorly studied oxide zone flanks was carried out. Digital database including all old and
new data for geological-economical evaluation of the deposit oxide zone was created. Core drilling
with Longyear bullet was applied. There were 10 holes drilled with total volume of 2394 m.
Technogenic mineral formations were explored by air drilling and ditches.
Scope of works for 2002-2005 is shown in table 2.5.
Table 2.5
Scope of works 2002 2005
Type of works
Site
Core drilling
Air drilling
Air drilling
Air drilling
Ditches
Trenching
Slurry sampling
Core sampling
Technological sampling
Composite sampling
Metallurgical sampling
Pillars for determining bulk weight
Open pit area

Open pit flanks
Open pit
Low grade stockpile
Low grade stockpile
Meas.un.
m
m
m
m
m3
sample
sample
sample
sample
sample
sample
sample
Volume
number
10
47
49
110
Total
volume
2394
1004
424
1284
3656.7
1742
1361
1958
3
61
11
5
On the basis of data from the first period of exploration and works of Saga Creek Gold Company in
2006, the RoK State Reserves Committee approved feasibility study of evaluation conditions (Minutes
of Meeting No.496-06-K dated 21.03.2006). Total reserves (cutoff grade 0.3 g/t) in re-cultivating
114
mine rock in the outline of the open pit and in technogenic formations are: ore 3797 thous.tons, gold
5629 kg, average gold content 1.48 g/t. In 2007-2011 the deposit was explored again by drilling
exploration holes and trenching.
2.5.3. Methods of the Deposit Study
In 1969-1972 the oxide zone was explored by trenches, pits with cuttings, mine with the range of
underground workings. All workings were planned in exploration lines oriented transversely to
potential length of the ore body.
From the mine with section of 9 m2, on the horizon of 30 m, the ore drive with section of 4 m2 was
made on the length of the main ore body in the south and north direction with total length of 220 m.
From the ore drive transversely to ore bodies seven crossways were made of 4 m2 in section with the
length from 25 to 50 m for outlining ore bodies I and II every 25-50 m. Trenches were planned on the
area with thin layer of overburdens (0.5-3 m) laying on a clay-like weathered crust of the Paleozoic
ores. The depth of the trenches is 3.2-3.5 m with the width of 1 m. The distance between the trenches
is 15-20 m and it was determined on the basis of the instruction requirements for exploration works on
the deposits of this type.
Photo 3. Drilling hole on the Dombraly site
Prospect drilling was done on profiles through 40-60 m under 80 degrees angle and magnetic azimuth
of 260 degrees transversely to the strike of ore-bearing structures and ore zones and downward by 4060-80 meters.
Drilling of core holes was done to the diameter of 127 mm to the depth of 5-6 m and further drilling
was done to the diameter of 108 mm to the depth of 50-60 m, and after that the hole had diameter of
90 mm to the bottom.
In 2002-2011 additional exploration of the oxide zone was done by air-drilled holes with direct
circulation, core holes with Longyear application and trenches. Exploration core drilling was done by
stationary aggregates of drilling rigs ZIF-650 and SKB-5. The holes were drilled under the angle of 60
115
degrees. Drilling was done with diameter of 108 mm to the depth of up to 5 m. After installation of a
collar pipe the drilling continued by the double core equipment Longyear. The diameter of drilling was
76 mm, diameter of core was 40-42 mm. Average yield of core was not less than 90%. Core was
marked and stored to the standard boxes.
Air-drilled holes were designed for studying oxide gold mineralization in subsoil and in technogenic
formations above ground water level. The diameter of drilling was 76 mm. Yield of slurry material
was 59-100%. For confirming the quality of air drilling in the technogenic formations on the dump
surface 8 trenches with the depth of 2.5 m were made in the holes profiles. Trenches were tested by
the vertical trench samples with the length of 2 m. The results of comparing trench samples of the
walls of trenches and upper intervals of air drilling show satisfactory matching.
2.5.4. Geological-geophysical conditions of the deposit

Geological exploration of holes was done in 1969-72 with application of the following complex of
geophysical methods:
electric logging in the exploration holes with the depth of 200 and more meters in modification of
resistivity logging, spontaneous polarization and electrode potential;
measurement of natural radioactivity of the holes sections;
measurement of holes crookedness;
induced polarization logging;
SP Exploration;
Electrical correlation method on constant current.
All works have been carried out in accordance with the requirements of instructions and projects.
Measurement of holes crookedness was done by inclination compasses of ISh-4T, MK-2, UMI-25
type with the rise of point space being 10 m. Works by holes geophysics method were conducted using
VPS-63 station.
The oxide zone does not stand out in magnetic and gravitation fields. Ore zones stand out only visually
(hydrothermal-metasomatic changes) and by the data of sampling. In order to determine the thickness
of oxide zone, it is possible to use VES survey (and other modifications).
Down-hole survey has been carried out (inclination compass MI-36) with spacing of 20 m since 2005.
2.5.5 Sampling and Sample Handling

During the first stage of field works (1969-72) systematic sampling of mine workings was carried out
in the process of drilling those workings. Trench samples with the length from 0.1 to 1-1.2 m with
trench section of 5x10 cm were collected.
In the mine the samples were collected from all four walls, moreover, continuous vertical sectional
sampling (the length of section being 0.2-1 m) was carried out on the eastern and western walls and
horizontal trench samples were collected every 1-1.5 m vertically on the south and north walls.
Detected quartz veils with thickness of more than 15 cm and their selvages were sampled separately.
In the roadways workings were sampled in 1-2 m of drilling by horizontal sections. In each section 2-3
trench samples with the length of 0.3-1.2 m were collected.
Collection of trench samples from ditches and bell-pits was done using the same method as from
underground workings and sampling pit (of mine) with the only difference that the samples from host
rock without visible traces of hydrothermal changes on trenches and bell-pits were collected by pit
samples with the length of 3-5 meters.
116
Sampling of the ore body in the open pit was done by trench method. Trenches were located
transversely to the ore body each spaced 10 meters along the strike, the length of one sample varied
from 0.1 to 1.0 m with trench section of 6x810 cm.
Slurry sampling was done with the air-drilled holes. Only of the whole material was collected to the
sample. Separation of samples was done in preventer.
In order to justify representativeness of slurry sampling of unconsolidated technogenic formations, the
validation of upper interval of air-drilled holes sampling drilled at the dump by vertical trench samples
in the walls of ditches was carried out.
The relative value of a particular error is 25.42% and this is within the allowable limits. Comparison
of the sampling results of air-drilled holes and ditches applying the Students test surely proves nonavailability of a systematic error.
The trench sampling of technogenic formations of the dump was done on the wall of a ditch. The
section of the trench was 10x3 cm. The length of the section was 2 m. The location of the trench was
vertical.
Core sampling was done in core drilling holes. The length of samples was from 0.8 to 1.5 m (average
of 1 meter) depending on the lithological differences and the degree of hydrothermal changes. Core
material of a sample was divided into halves by the long axis with a diamond saw. The weight of a
sample was approximately from 1.3 to 2.8 kg with core diameter being 40-42 mm. The samples were
sent to Kvarts Chemical Analytical Laboratory (CAL) for sample preparation. The rest of the core
material was stored in wooden boxes at the core warehouse of Sage Creek Gold Company
(Stepnogorsk).
Two technological samples No.1 and No.2 (with weight of 600 kg each) from the underground
workings from the horizon of 30 meters were collected in 1969-72 at the Dombraly deposit for
technological analysis on gold extraction from the ores and its material composition.
The parameters of technological samples are shown in table 2.6.
Table 2.6
Summary Table of Sampling Volumes
Types of Works
1
Collecting core samples from holes
Collecting pit samples from holes
Collecting chip samples from air-drilled holes
Collecting trench samples from underground
workings
Collecting trench samples from ditches
Collecting pit samples from ditches
Collecting pillars
Collecting composite samples
Collecting samples for metallurgical sampling
Meas. un.
2
r. m.
pcs
pcs
r. m.
1969-1972
3
3732.8
425
r. m.
pcs
pcs
pcs
pcs
887.2
63
3
5
2002-2005
4
1958
1361
1954.7
1742
5
61
11
Field processing of a sample meant its crushing to pieces with the size up to 50 mm across and
packing it into boxes. Both samples were analyzed in the Central Laboratory of Kazzoloto trust.
117
In 2004 the laboratory sample DLT-1 of 525 kg was collected from the open pit for determining the
possibility of processing oxide ores by heap leaching method. In 2005 the additional laboratory sample
DLT-1 of 500 kg was collected for studying technological characteristics of the dump. Technological
analysis was carried out in Kazmekhanobr (Almaty).
For clarifying the lower border of the oxide zone and technological characteristics 11 samples of 1 up
to 2 kg (metallurgical sampling) were collected in 2005 in core holes. These samples were sent for
analysis to Kazmekhanobr. Material from the tailings of core samples processing was used for forming
these samples.
In order to determine the bulk weight and moisture content in the ore of the Dombraly deposit, 35
paraffin-lined samples from underground working and holes were collected in 1969-72 and sent for
analysis to the laboratory of the Aksu deposit. Two monoliths with dimension of 50x50x50 cm were
taken for the same purpose from crossways III, IIIa and IVa and sampling pit of 1x2 m2 in section was
drilled in ored body I between ditches No.28 and 32a.
In 2004 pillars from re-cultivating mass and technogenic formations of the dump were collected. The
total number was 5 pillars from 56.8 to 61.8 kg.
Crushing of samples was done using mainly two approaches. First irregularity coefficient in
Richards-Chechautte equation is equal to 0.2. This approach was applied to samples collected from
deep prospecting holes, original weight of which did not exceed 0.5-1.5 kg, and samples collected
from weathered crust and from ores without visible ore mineralization with weight of up to 6 kg.
Samples collected from ore intervals, quartz veins, mineralized zones were processed using the
approach with irregularity coefficient being 0.8 (with highly uneven distribution of components).
In 2002-2005 coefficient of 0.5 was accepted by analogy with operating gold fields of Kazakhstan
oxide zones with uneven gold distribution (Central Mukur, Miyaly, Zhaima, Dzherek, Mizek, Uzboi,
etc.). The final diameter of crushing was 0.074 mm. The samples were processed in Kvarts Chemical
Analytical Laboratory.
2.5.6. Assay Works

Assay works were carried out in chemical laboratories of AKSU, Zholymbet and Tselinograd
Exploration Company in 1969-72.
The quality analysis of samples collected at the Dombraly deposit in 1969-72 was systematically
(twice a year) checked by the internal audit of the laboratory, where the main analyses were carried
out, by repeated analysis of coded duplicates of the original samples.
Internal audit of samples assay tests was carried out to the volume of 3-3.5% from the total number of
samples in the laboratories carrying out main assay works.
External audit (3-4%) of assay works of Tselinograd laboratory was carried out in the laboratory of
Aksu mine, and analyses of Aksu laboratory were checked in the laboratory of Tselinograd
Exploration Company. The functions of arbitrary control were imposed on the Central Laboratory of
Kazzzoloto.
The total of 110 samples was sent for internal and external geological control.
In 2002-2005 the following types of assay works were carried out:
Assay of core, trench and chip samples for gold (3241 analyses);
118
Atomic-absorption analysis for gold of core and chip samples (2309 analyses);
combined samples analysis.
Assay test was done in Tsentrgeolanalit CJSC (Karaganda), atomic-absorption analysis was carried
out in Reaktiv LLP and Kvarts Chemical Analytical Laboratory.
Combined samples were analyzed in Tsentrgeolanalit CJSC. Assay tests for gold, atomic-absorption
analysis for copper, lead, zinc and silver, spectral assay for 16 elements, complete silicate analysis,
neutron activation analysis for platinum, chemical analysis for total sulphur, sulphide sulphur,
sulphated sulphur were carried out on samples.
Internal geological verification of assay tests was conducted in Tsentrgeolanalit CJSC, external
geological verification in the laboratory of Kazmekhanobr. Samples collected from one duplicate of
prospecting samples were sent for internal and external verification. The total of 589 samples was sent
for both types of control compiling 5.1% of the total number of assay tests for this period. Assay tests
were not conducted and samples for geological verification were not collected during the second half
of year 2005.
The results of external and internal geological verification of 1969-2006 show good reproducibility of
results.
2.5.7. Determining bulk weight
In 2004-2005 determination of a bulk weight and natural moisture of ore in situ was done on the basis
of paraffin-lined samples applying standard methods in the laboratory of Reaktiv LLP. The total
number of samples collected was 55, and 26 of them were the samples of oxide ore from middle and
lower horizons of oxide zone and 29 samples on gold sulphide ores.
It was determined that the bulk weight of oxide ores was 2.58 t/m3, for gold sulphide ores 2.62 t/m3.
Estimated average values of bulk masses are in good consistency with bulk weight dependency on
depth diagram. Thus, for oxide ores, average value of bulk weight corresponds to the interval of
depths of 160-90 m, within the limit of which the principle reserves of oxide ore are located.
In 2004 pillars from re-cultivating mass and technogenic formations of dump were collected. The total
number of 5 pillars with weight from 56.8 to 61.8 kg was collected. Weighting was done after samples
collection and drying in drying cabinets for 2 days.
Bulk weight of re-cultivating formations in the outline of open pit was 1.73 t/m3, for technogenic
formations of the dump it varied from 1.58 to 1.77 t/m3 with the average of 1.66 t/m3.
Due to the fact that the bulk weight was determined in preliminarily dried samples, adjustment to
moisture wasnt applied to reserves calculation.
2.6. Ore material composition
Two native varieties of gold-containing ores (oxide and primary) are allocated at the Dombraly
deposit.
Oxide zone ores are represented by brown, yellowish-brown, rarely by bright-red quartz-ferrousclayish saprolites on igneous-sedimentary rock.
Sulphide minerals are fully oxidized and leached. Oxide zone is characterized by the large amount of
secondary iron minerals: limonite, hematite, goethite, hydrogoethite and others. The ores in most cases
are pored and cavernous, it is usual for them to have the blebs of sulphide leaching out.
Material composition of oxide ores is shown in table 4.3.
119
Gold distribution in oxide ores is uneven. Gold content reaches 10-70 g/t in rod quartz veins and
silicification zones. In highly oxidized, disintegrated and ferruginized selvages the content of gold
reaches 0.3-7.0 g/t.
Content of silver in oxide ores varies from traces to 5-10 g/t.
Besides silver, there is a small amount of zinc and arsenic in the oxide ores. Arsenic content reaches
0.15%, zinc 0.34%. The leading positions in oxide zones are reserved for iron minerals:
hydrohematite, hydrogoethite, limonite, and less of jarosite. Gold nuggets are occurring in polished
thin section. There are some barren minerals like quartz, barite, montmorillonoid, illite, sercite,
kaolinite.
The gold occurs in quartz (mostly) in host rock of oxide zone and in crystal lattice of pyrites in finely
dispersed condition. Relations of gold with other minerals were not detected.
The form of gold in quartz and in side weathered ores is characterized by a wide variety: sponge, veinlike, cloddy, dendrite-like, sheet-like, scaled grains adapting to intergranular space in quartz, in
microcracks, etc. Sponginess of gold grains is due to fine grain coarseness of quartz. The value of gold
discharge varies from 0.1 mm to 0.2-0.5 mm, the chemical composition of gold is noted for its
changeability. Gold fineness variation limits is 800-950. The major part of gold (80% from the amount
of analyzed gold grains) is rated 800-825, the rest 900-950 and even 990 (as per data of atomicabsorption analysis (Central Geological Research Institute for Nonferrous and Precious Metals, 1970).
There are no intermediate values between rates 800 and 900. In such manner, two types of gold (fine
gold and medium-quality gold (800-850) are recognized by the chemical composition. According to
the data of microspectral analysis, gold contains silver 5-20%, traces of lead and iron. The gold is of
coarse-grained structure (0.04-0.4 mm) with narrow penetration twins.
Gold-sulphide ores are characterized by impregnated, spotty, stringer-porphyry and pocketimpregnated textures. Textures depend on replacement of brecciated sedimentary rock by quartzfeldspathic aggregare by filling space between fragments of fine-grained sulphide mass. Ore structure
is idiomorphic-grained formed by prismatic grains of arsenical pyrite and cubical grains of pyrite.
Sulphide content in ores varies from part of a percent to 15-18%.
The main ore minerals are pyrite and arsenical pyrite. There are affluent quantities of gold, galenite,
sphalerite, copper pyrite and hematite.
The main barren mineral is light-gray compact, fine-grained and anisometric quartz. Stripes of
potassic feldspar and impregnation of sulphides are frequent in quartz.
There are two mineral associations: early gold-quartz association and later gold-sulphide association.
In the latter, there are pyrite-arsenic pyrite and gold-sphalerite-chalcopyrite, late.
2.7. Natural and Commercial Types of Ores
There are two natural and commercial types oxide gold-bearing and gold-sulphide ores at the
deposit. Oxide ores are developed from the surface to the depth of 60-140 m. The depth of oxide zone
is primarily defined by intensiveness of tectonic processes in ores. Oxide zones on the flanks of the
deposit and in general on the territory of ore field is 60-80 m. The lower border of oxide zone of the
central part of the deposit goes down to 140 m (the area of profiles No.24-36).
Analysis on leaching out gold from the ore of the Dombraly deposit with column tests allowed making
the following conclusion:
the ore of the Dombraly deposit is suitable for heap leaching processing;
expected commercial extraction of gold from granular ore of the Dombraly deposit will be from 45.18
to 74.60%;
120
The ore sample DLT-2 of the Dombraly deposit related to sulphide gold-containing ores with
admixture of carbonaceous shales contain 6.5 g/t of gold and 7.7 g/t of silver, total sulphure 1.74%,
sulphide sulfur 1.71%. Arsenic and carbon are the harmful impurities in the ore. On the basis of
rational analysis it is seen that the gold in the ore is mainly available in free form and in aggregates
81.63%.
Testing on gravity washing of the ore was done on the concentration table KC-30. The results of the
gravity washing of ore of 65 grain size and 85% gr. 0.074 mm show that gold can be extracted to
gravity concentrate. The results of chemical analysis show content of arsenic in gravity concentrate on
the level of 3.5%, and stibium of < 0.005%.
Two alternative of flotation diagram were tested: with extraction of carbonaceous shales and further
sulphide flotation and a regular sulphide flotation.
Ore flotation testing was done in laboratory conditions in a mechanic flotation machine.
Sorption leaching is the effective method of processing gold-containing carbon-bearing ores. Anionite
AM-2Bwas used for analysis of sorption leaching of gold from ore.
Gravity tailings of 65% grain size gr. -0.074 mm were additionally crushed to 85% gr. -0.074 mm for
carrying out tests on sorption leaching of gold.
The following tablulation shows extraction of gold from the ore by different methods:
Ore Washing
Gravity washing
Ore Flotation
Gravity-flotation of gravity tailings
Ore cyanide leaching
Sorption leaching
Sorption leaching of gravity tailings
Gravity Sorption leaching of gravity tailings
Sorption leaching of gravity concentrate
Gravity Sorption leaching of gold from gravity tailings with account of processing
gravity concentrate by Sorption leaching method
Gold
Recovery %
53.45
86.13
85.25
17.65
79.23
64.87
83.65
92.37
79.57
Different alternatives of ore washing were tested in the course of analysis. By gravitation method,
53.45% of gold is extracted to gravity concentrate from the ore, with gravity concentrate yield being
3.53% and gold content in it 61.5 g/t. By flotation method, 86.13% of gold is extracted from the ore.
Flotation concentrate yield is 13.59% with gold content in it 27.4 g/t.
Direct leaching of ore allowed extracting only 17.65% gold to cyanide solution due to availability of
carbonaceous shales being the natural sorbents in the ore.
Sorption leaching extracts 79.23% of gold to resin from the ore and 64.81% of gravity tailings.
Combined methods of ore washing ensured gold extraction: gravity Sorption leaching 83.65%;
gravity sorption leaching of gold from gravity tailings with processing of gravity concentrate by
sorption leaching 79.57%.
Gold-containing ore DLT-2 of the Dombraly deposit can be washed by two methods ore flotation
and sorption leaching.
121
2.8. Flowsheet for processing oxide ores

Flowsheet for processing oxide ores was prepared on the basis of results of technological survey of ore
(sample DLT-1) and tests of technogenic formations of the dump of the Dombraly deposit (sample
DLT-1 additional).
Process flow diagram:
two-stage crushing with screening before the second stage;
agglomeration using Portland cement;
heaping sintered ore by radial stacker;
leaching out gold from the ore by cyanide solution;
sorption of solved gold by resin with output of concentrated sorbent and barren solution, to which
required reagents are added for further return to processing;
desorption of gold from resin, electrodeposition of gold from desorbent;
preparing Dore gold.
The output commercial product of the process is a gold-containing Dore bar, base gold of TS 98 RK1-93 sent to a gold refinery for metal separation.
2.9. Hydrogeological conditions
Engineering-gological, hydrogeological and environmental surveys at the Dombraly deposit were
conducted by Karagandy Branch of Azimut Energy Services JSC under the agreement with JV Saga
Creek Gold Company LLP in 2005.
The landscape of the deposit is an elevated hilly-undulating plain. On the top this plain is formed by
thin cove of the Quarternary eluvial-diluvial formations. Weathered crust is distributed widely across
the site. It consists of loamy, rubbly-loamy and rubbly parts with the regular increase of fragmentary
material content in deeper parts and transfer to fractured (exogenous) zone. The total thickness of the
weathered crust varies from 20 to 60 m on area and up to 120 m in the zones of tectonic disruptions.
Water in the weathered crust is related to rubble and grus material.
Besides availability of the weathered crust, lithology of water-bearing masses defining the nature of
rock jointing, filtration properties, quantity and composition of soluble salts released during
weathering process also influences the quality and quantity of underground waters. Water occurs in
upper rock jointing of the Paleozoic formations that often combine with the interstitial waters of
weathered crust into one hydraulic system mixing by circulation and, in such manner, become the
unified complex of weak pressure interstitial water. The depth of water circulation is defined by the
depth of cracks and the nature of rock jointing. In effusive rock, jointing spreads to the depth of 30-35
m, and in sand-rock up to 50 m. Static levels of underground water occur on the depth from 15 to 26
m depending on hypsometric holes location. In general water content in the rocks is low. Maximal
flow rate is noted in the holes located within tectonic zones and it is 0.8-1.0 l/s with corresponding
lowering to 17.2-9.5 m and it is 3-8 l/s with lowering to 8.7-8.5. On the basis of pumping-out data,
rock filtering coefficient varies from 0.06 m/day (hole 3, 29) to 0.54 m/day (hole 27, 28), average
0.06-0.20 m/day. In holes 16 and 35 pumping out flow rate was correspondingly 8 and 3 l/s, with
lowering to 8.5 and 8.7 m filtering coefficient was 4.63 and 2.4 m/day. The holes are located in the
tectonic disruption zones and thats why such values of coefficient are not representative of the site
and are not taken into consideration during water inflow estimation.
Underground waters mostly feed from precipitation. Feed areas are located outside the work site on
the elevated areas, because bottoms of liars and sais are formed by rather thick clayish formations with
weak water filtering capacity. Local underground water-flow goes on upper zone of rock fracture,
regional underground water-stock on large areas of tectonic disruptions. Underground water flows in
local base level of erosion Kops tract located 3 km from the open pit.
122
Regarding the level of mineralization, ground waters being of sporadic distribution are slightly salty
(1.3-2.2 g/dm3). Underground water of rock fracture zones is fresh with mineralization from 0.4
g/dm3 (hole 27) to 0.8 g/dm3 (hole 35) and slightly salty with mineralization of 1.4 g/dm3 (hole 29).
By chemical composition, fresh water is hyrdocarbonate, chloride carbonate and hydrocarbonatechloride calcic-and magnesium-sodium with total hardness of 3.8-5.8 mg-eq, neutral. Slightly salty
water is hydrocarbonate- and sulphate-chloride magnesium-sodium and sodium, with total hardness of
7.9-1.10 mg-eq, neutral.
Spectral and X-ray spectrum analyses in dry residue of water and chemical analysis of water did not
detect excess of any chemical elements (according to Maximum Allowable Concentration for potable
water in terms of total mineralization).
2.10. Mining and geological conditions
Geological survey works were conducted at the deposit. Design phase engineering documentation.
The program of geological survey works provided drilling of 24 holes (No.1-24) with the depth from 6
to 70 m. During the process of field works, additional holes 1a and 21a were drilled for more detailed
analysis of ground in the places of intense landscape change, where there was the probability of
geological structure change.
Holes were drilled by spud method by UGB-50M machine, d=132 mm, without hole casing. Holes 19
and 20 were drilled by core drilling with URB 2A-2 machine, d=132 mm, to the depth of 70 m. Total
metreage of drilled holes was 301.5 running meters. Monoliths and samples were collected from all
holes.
Prepared the map of filtration fields of heap leaching area. Analysis showed that the main section of
the area was formed by weakly permeable grounds (Coef.=0.005-0.3 m/day). Clays with filtering
coefficient being <0.005 m/day (water-resistant) are of sporadic distribution in plan view, and in
depth. This is why it will be required to lay additional hydro insulating layers during construction of
PKV.
Topsoil is available almost everywhere. Its thickness varies from 0.15 to 0.3 m. Humus content as per
lab analyses data is 0.7-7.7%.
All field, laboratory and data processing work was done in accordance with the regulatory documents
effective on the territory of the Republic of Kazakhstan (the RoK SNiP (Construction Rules and
Norms) 1.02-18-2004; the RoK SNiP 5.01-01-2002; SNiP 1.02.07-87; SNiP 2.02.01-83*; SNiP
2.03.11-85; the RoK SNiP 2.04-01-2001; SNiP 2.01.07-85*; GOST 25100-95; GOST 9.602-89;
"Guidelines for Designing the Foundations of Buildings and Constructions to SNiP 2.02.01-83; SNiP
IV-2-82, etc. ).
Soil characterization was done in accordance with table .1=3 of GOST 25100-95.
As per the conditions of drilling in soil, according to SNiP IV-2-82, topsoil is related to group I-II,
Quartenary clay foam group II-IV, sand clay and clay foam II-IV ( 33g), clays II-IV ( 8d),
rubbly soil groups IV-V ( 31), argillites group V ( 31b) depending on the method of
development.
2.11. Methods of opening and field development
The method of the oxide zone development open pit mining.
The borders of open pit mining are set with account to inclusion to mining of all commercial reserves
of the oxide zone.
123
For open pit mining to the horizon of 90 m, opening by internal entry ditch that transforms into
stationary transport access tracks on the way down is provided.
Slopes are under the angle of 65 degrees, open pit walls 51 degree, the width of berms is 5 m, of
ditches and access tracks 15 m.
Development system transport system by descending horizontal layers with transporting overburden
to external dump, ores to ore site and partially to the batches of agglomeration complex.
In near-contact zones, in order to reduce losses and dilution, selective mineral extraction with storing
offgrade ore in out of balance ore dumps is provided.
Ore and overburden rock hardness coefficient as per the classification of M. M. Protodiyakonova is 815 (SNiP group VII-IX), blastability grade V.
2.12. Method of Reserves Estimation
Reserves estimation was carried out in 2008 by the method of vertical geological open cuts separately
for oxide and primary gold-containing ores, re-cultivating mass within outline of open pit and
technogenic formations of the low grade stockpile.
Geological peculiarities of the deposit, methods of its exploration and development were taken into
account when choosing a method for reserves estimation. The following was aiding to estimation:
drilled holes and workings located on 10 profiles in latitudinal direction (53 holes, 19 bell-pits, 8
ditches, 24 crossways, 206 air-drilled holes, 61 line of trench sampling, 7089 samples). Interval
between profiles is 40 m, except the interval between profiles 0-7 (80 m). Directly for estimating
reserves were used 40 holes, 3 ditches, 4 crossways, 17 lines of trench sampling, 163 air-drilled holes
and 1422 samples, with which the reserves of ore were blocked.
Estimation of oxide ore reserves was done using evaluation conditions approved by the RoK State
Reserves Committee (Minutes of Meeting No.496-06-K dated 21.03.2006):
cutoff gold grade in sample 0.3 g/t;
minimal thickness of ore bodies included in reserves estimation 2 m; with lesser thickness, but high
gold content the appropriate GT should be used;
maximal thickness of barren rock layers or offgrade ores used in reserves estimation 4 m;
estimation of poor ore reserves being re-cultivating rock within the outline of earlier developed open
pit should be done by total mass.
Nominal conditions accepted by analogy to evaluation conditions of primary gold-containing ores of
the Uzboi deposit (underground mining) approved by the RoK State Reserves Committee were used
for estimating reserves.
Outlining oxide ore bodies was done on the basis of the data of ditches, mines, roadways, crosscuts,
sampling pits, actual mining horizons and holes to the depth of oxide zone. The lower border of the
oxide zone was drawn upon detection in the rocks of carbonaceous material relics and first traces of
sulphide. Border of the oxide zone is shown on a layout mainly on the basis of primary documentation
data. Outlines of ore bodies were reconstructed on estimated section of 1:500 scale and assay plans of
1:500 scale. Ore bodies border were drawn through a final sample with cutoff gold grade of this
alternative. Between ore and barren roadways the outline was drawn on the half of distance between
them, but not more than 25 m. In case of non-availability of outlining roadways and thickness of ore
intersection more than 2 m, the outline was drawn to the distance of 25 m downwards (along the
strike), with thickness 2 m and less to the distance of 12.5 m.
124
Estimation of re-cultivating rock reserves within the outline of the open pit and technogenic
formations of the low grade stockpile was done by the method of vertical sections. Reserves are
classified under C2 category.
The main exploration minings were air-drilled holes. Representativeness of chip sampling of
technogenic formations was confirmed by trench sampling of ditch walls. Sampling was done only of
the upper above-water part in re-cultivating formations of the open pit. The results of holes sampling
are considered to the whole volume of re-cultivating formations. The bulk weight of re-cultivating
formations was 1.73 t/m3, for technogenic formations of the low grade stockpile 1.66 t/m3.
3. General Information of the Shirotnaia Deposit
The Shirotnaia deposit is located in the southeast part of Alhambra Resources licensed site, 8 km north
from Stepnogorsk and 100 km from its operating open pit Uzboy
.
Photos 4 and 5. Landscape of the Shirotnaia deposit

3.1. Geological Structure of the Shirotnaia Deposit
Volcanic formations of the Mid-Ordovician period and Quarternary alluvial formations form the
structure of the deposit.
Mid-Ordovician is represented by volcanic-sediment deposits, mainly by tuffs of average compostion
with lens-shaped bodies of diorites of upper Ordovician age, quartz andesite, volcanic brecciates,
siltstones, fine-grained sandstone with rare layers and lenses of limestone, tuffs and quartzrock bodies.
Rocks of the Mailysor late-Ordovician sub-volcanic complex represented by andesite-dacitic
porphyrites are quite frequent.
Ore mineralization is located in the Aksu zone of disruptions of north-east trending with 45 trend
azimuth and is clearly seen on the joining section and intersection of splits of different orientations.
3.2 Methods of Geological Exploration Works
In 2002-2004 in the north-western part of the deposit area, ditches in profiles every 40-80 m were
drilled, as well as 5 profiles of air-drilled holes with drilling step 5 m. On the basis of the results of
these works, 4 ore bodies were detected with cutoff gold grade of 0.5 g/t and the range of small lenses.
The length of ore bodies was 240-540 m, and thickness from 1 to 15-20 m. Gold reserves were
estimated to the depth of 30 m and amounted to 1500 kg with average content of 1.62 g/t.
In 2005 prospect-evaluation survey was carried out in south-east part of the deposit area within a
swamped valley. Works were conducted by digging ditches and drilling RCC holes. Ditches were
done in profiles every 40 m, their depth did not exceed 1.5 m due to high level of underground water.
The volume of ditches digging was 2097 m, the number of collected trench samples 2023. RCC
125
holes were drilled in the lines of ditches profiles by grid 80x10-20 m to coming to transition zone
rocks. The volume of drilling was 3797 m, the number of collected core samples 1864. The depth of
the oxide zone was 30 m.
As a results of 2005 works, large sub-lateral ore body of complex morphology. Along the strike it was
traced for 700 m. In the central part this ore bodys thickness increases to 97 m to the length of 160 m,
on the flanks the thickness of ore body decresed to 2-9 m. Ore body is inclined 60-75 to the northwest. Three band-like mineralization zones with thickness of up to 6-10 m were detected on the
bottom layer close to the main ore body.
In 2006 prospecting and evaluation works were continued on the south-west flank of mineralization
and its central part. Ditches were drilled on the south-west flank every 40 m, their average depth
1.8m. Volume was 3845 m, the number of collected samples -3711.
RCC holes were drilled in the hanging wall and bottom of the main ore body by grid 120-80x10 m to
exit to solid rock. Drilling volume was 197 holes with the depth of 27.6 m, total length of 5443.5 m,
total of 2083 samples was collected.
As a result of these works, earlier stated reserved of the central part of mineralization and its southwest were confirmed. On the south-east flank 520 m away from the main body, columnar
mineralization with north-west inclination to 50-450 was discovered.
In 2007 main prospecting works and depth exploration of the main ore body were conducted.
The purpose of the prospecting works was to discover gold mineralization zoned to the depth of 4 m
on the north-east and south-west flanks. Deep-earth geochemical survey of the territory of 27.7 km2
by grid of 200x50-20 was conducted here. During this period 818 small-depth holes with the length of
3760 m, 1120 samples were collected.
Exploration of the main ore body and south-west flank of the mineralization was done by core holes to
the depth of 120-140 m. There were 18 holes drilled to the length of 2117 m, 2001 sample was
collected.
Prospective areas on the north-east flank were discovered on the basis of prospecting works of 2007.
Drilled holes opened columnar main body on the depth within 100x80 m with north-west inclination
to 60-7- degrees.
In 2008 works were carried out in three stages:
First stage continued prospecting works on the east, west and south-west flanks by deep-earth
geochemical logging by grid 500-1000x50 m on the area of 45 square meters. There were 1893 holes
drilled with total length of 8723 ml 2995 samples were collected. On the basis of these works results
secondary haloes of gold were built.
Second stage conducted drilling works on secondary gold haloes. The latter were traced to the
distance of 1800 m from the main ore body to north-west by grid of 200x10 m, drilling volume was
20891 m, 10449 samples were collected.
Third stage exploration works (air drilling) was carried in discovered zones and ore bodies by grid of
40x5 m along the strike to the distance of 500 m. The volume of drilling was 7218 m, collected 3609
samples.
126
Photos 6 and 7.
Trench in the stream valley. Head of air-drilled hole in 2011.
From 2009 and up until now additional exploration of the deposit on its flanks has been done. There
are no results of drilling works for this year.
Photos 8 and 9. Geodesic marker. Old ditch on the south part of the deposit.
Approximate reserves estimation on the oxide zone of the deposit on 2 category was conducted by
the Geology Department of the company and is (as of 01.01.2010):
ore 3250 thous. t. ;
gold 3900 kg;
average gold content 1.2 g/t.
Oxide ores on P2 category:
ore 33 300 thous.t.;
gold- 40 000 kg;
average content- 1.2 g/t.
4.
Visiting the Dombraly and Shirotnaia deposits
Geological exploration works on the deposits are carried out according to the conventional Soviet
geological methods. Documentation of the mine workings and holes is carried out directly at the mine
sites. Sampling and processing samples are conducted on the territory of the Saga Creek Gold
Companys gold processing plant.
127
4.1 Core documentation
Core documentation is carried out during the core drilling process on a daily basis. Geological
information records are entered into the documentation logs with compulsory requirement to fill in the
table form with drilling intervals (runs), fixing the core length, % core yield, core sketches (separate
fragments), the geological characteristics of the core by the layers of rocks and ores, sampling
intervals and sample numbers. During performing geological task of the hole, the hole is closed by the
district geologist, and check measurement of the hole is taken.
After drilling is finished, Case (Passport) for the hole is composed, which includes geological
documentation logs, drilling logs (conducted by the drilling foreman with filling in the drilling
parameters and possible geology-technological complications), acts of initiation and completion of
hole drilling, the act of survey measurement, the act of geological research (if conditioned by the
project), the geologic column for the hole. Photos of core holes are taken in the position box on the
ground. Hole documentation on the area of the deposits and fields is not produced in electronic form.
4.2. Core cutting
Following the geological documentation and the selection of ore zones of mineralization, core holes
are directed to the cutting along the long axis of the core. Only those ore intervals visually highlighted
by the geologist are subject to the cutting.
Core cutting is made on the machine produced in Russia under the supervision of geologist, on the
territory of the Stepnogorskaya Mining Enterprise, a subcontractor of the drilling works. Diameter of
diamond disc is 400 mm.
Photos 10 and 11. Cutting machine and core receiver

Core is split into two halves. Detrital material out of cleavage zones with the fragment size smaller
than the diameter of the core is split in half by hand. Following the cutting, core boxes filled with the
sample material are delivered to the Saga Creek Gold Companys core storage.
4.3 Sample preparation
Core boxes are laid out in a special order on the paved area of the core storage.
Geologist marks sample intervals, putting sample labels along sample borders that were strictly
identified by the documentation. Sampler selects samples into the plastic sacks strictly according to
the sample intervals by selecting core halves. Paper label with sample information (site, hole No.,
sample No., sample interval, Family name of the geologist, date of sampling) folds and fits into the
sample sack. Hole and sample No. are signed on the sample sack. Selected samples of the holes are
delivered to the core storage, where sample weighing and sample group formations for the sample
preparation are performed.
128
Photos 12 and 13. Core prepared for sampling and sample group formation
Selected samples are weighed on the scale of the -10134 make, with a scale division of 0.05 g and
are entered in the sample registration log.
Photos 14 and 15 . Sample weighing and selecting batch of samples

Here, samples are distributed under orders to carry out analytical work.
The second halves of the core are neatly stacked in core boxes. Boxes for the drill holes with the
remaining core are closed and transported to the core storehouse.
Later, if necessary, laboratory-technological samples would be selected out of the core remnants for
the study of mineral and technological ore properties.
Samples selected by the program of exploration works have been processed in crushing mill workshop
of Saga Creek Gold Companys gold processing plant in Stepnogorsk since 2009. Sample processing
is performed using the Richard-Chechett' formula Q = kd2 at k = 0,5. Experimental validation of the
coefficient of uneven mineralization was carried out on the field in 2005. Previously, samples were
processed in other companies. In 2002-2004, the sample processing was carried out in the Reagent
LLP (Stepnogorsk), in 2005-2009 in Quartz Chemical Analysis Laboratory . Over the entire period
of gold mine exploration grinding of the gold samples was carried out at K equal to 0.5. Scheme of the
core sample processing is shown in the figure. Subsequent to the drying samples are sent to the first
stage of the jaw crusher, where sample material was grinded up to 7 mm. Following the first stage
of grinding crushed material is sent to roller crusher, where it is grinded up to 1 mm.
129
Figure 2. Sample processing scheme

Sample rescreening is performed following the roll crusher through the sieve with a cell of 1 mm.
Material not passed through the sieve returns to regrinding in the roll crusher.
130
Photos 16 and 17. Jaw crusher of the VIBROTECHNIK company and disc eraser of Russian
production
After the second phase of fragmentation and reduction by the Jones index the bulk of crushed to 1
mm samples enters the geological sample storage as a geological sample duplicate,
while sample itself weighing about 0.75 kg is directed to reduce to a particle of size 200
mesh (disk eraser).
Batches for the production of atomic absorption and assays are selected from the sample material, and
so are the batches for the internal and external control production. Remains of analytical sample are
sent to the sample storage as analytical duplicates. Analytical samples themselves are
grouped in separate orders and are sent to the Stewart Group laboratory (Kara-Balta, Kyrgyzstan).
All instruments used for crushing and sample reduction are equipped with special instructions for
operators. The workshop of the sample preparation is kept clean. After every sample preparation all
appliances and countertops are cleaned and blown by compressed air without fail. Cleaning each
batch of samples with inert material (granite, glass or any other dead rock) is not performed after
crushing.
4.4.Storage of the geological sample and core duplicates
Following sawing and hole sampling boxes with core are sent to the core storage. Core holes not
penetrated the ore body are kept close to the core storage. Sample duplicates are stored in a specially
designed sample storage building of the gold processing plant.
Photos 18 and 19. Open platform of the core storage
131
All duplicate samples are strictly controlled. Geological sample duplicates are packed in sacks, sacks
are signed, stacked by holes, and are kept on special shelves. All samples are numbered and easily
accessible.
Photos 20 and 21.
Storing geological sample and core duplicates inside core storage.
132
CONCLUSION AND RECOMMENDATIONS

The Dombraly Deposit was studied with surface ditches, pipes, pits and deep exploratory holes and
underground mine workings, passed in the horizon 30 m below the surface. The upper part of the
oxidation zone of an open pit has been processed to a depth of 60 m. The pit is partially reclaimed.
Material composition and technological properties of oxidized and gold-sulfide ore deposits as well as
technogenic structures of Dombraly II deposit were studied by laboratory-technological samples and
samples for technological mapping. Hydrogeological and geotechnical conditions of deposit
development are simple.
Reserve estimation of oxidized and gold-containing ores in mineral resources, gold technogenic
mineral formations and dump recultivation rock in the open pit path was calculated. Delineation of
oxide ore was produced in the bowels of evaluative condition, approved by the SRC RK (Minutes
496-06-K on 21/3/2006 ), gold-sulfide ore - contingent condition, taken by analogy with an estimated
body condition for sulfide ores for underground mining of the Uzboy deposit. Stocks of recultivated
mass in the open pit path and TMO are estimated without cut-off grade of gold. The total reserves in
the bowels of the oxidized ore, recultivated rock mass in the open pit path and technogenic deposits on
the blade on 2 category were: 4254.1 thousand tons of ore, 6478.8 kg of gold, the average gold
content of 1.52 g / t. Stocks gold-sulfide ore to a depth of 300 meters on C 2 category were: 575.6
thousand tons of ore, 3119.6 kg of gold, the average gold content of 5.42 g / t.
Forecast resources of category P 1 to a depth of 500 m: 510.1 thousand tons of ore, 3072.6 kg of gold,
the average gold content of 6.02 g / t.
In general, for the deposit of 2+1: 5339.8 tons of ore, 12671.0 kg of gold, the average gold content
of 2.37 g / t.
Shirotnaia deposit is studied mainly within the development of oxidation zone. It established two
zones of mineralization, including some of the ore bodies and lenses. Exploration network of traversed
holes in the deposit will evaluate the deposit according to the C 2 + P 1 category. The deposit is very
kindly, as evidenced by the estimated valuation of resources in the zone of oxidation by category
C 2 and P 2, performed by the Geological Survey of Saga Creek Gold Company LLP. The deposit
requires exploration to be continued in the upper levels for category C1 stock for oxidized ores and
exploration of primary gold-sulfide ores.
Exploration works are carried out by qualified personnel in accordance with existing procedures.
Additionally, recommendations are as follows:
Keep the mouth of the exploratory open pits by leaving a pipe of 0.7-1.0m length above the surface
with a designated hole number and the date of drilling hole;
Conduct geological hole documentation in electronic form (Word), without giving up the log records
documentation;
Make a design for hole photography at 45 0;
Cut out part of the core of each 20th ore sample for quality control of samples and determine the
probable non-uniformity of mineralization (the direction of a reference laboratory);
Apply the "single, obviously empty" samples, along with certified samples.
Author: Evgeniy Mikhailovich Zhuravlyov,
Senior Geologist, Micromine Kazakhstan LLP
133
APPE NDI X 2. DOMBRALY PROJECT
DATABASE LISTING AND

VALIDATION REPORTS
134
2011 Resource Estimation Input Data Listing

Datatype
Source File Name
Drill Data
Alhambra_Dombraly_23032011.pro
P18785 October 2011 Dombraly Resource Estimate Data Listing - 15/09/2011

MM File Name
Records
Comments
744
(compilation of all pre-2006 exploration data); 10

C*
DDH
holes
(2005)
110
W*
RAB
holes
(2002)
49
#*
RAB
holes
(2002)
47
ER*
RAB
holes
(2002)
8 EW-* low grade stockpile trenches (2005)
2 EW* low grade stockpile trenches (2005)
17 Nkv* old crosscut trenches/channels
17 Skv* old crosscut trenches/channels
14
#*
old
DDH
holes
1
C
*
old
DDH
holes
4
C*
old
DDH
holes
187
C-*
old
DDH
holes
24
D-*
old
DDH
holes
19
k-*
old
trenches
5
k*
old
trenches
212
P*
old
trenches
18 P * old trenches
ALL_COLLAR_01052008
ALL_SURVEY_01052008
ALL_COLLAR_01052008
ALL_SURVEY_01052008
1742
ALL_ASSAY_01052008
ALL_ASSAY_01052008
17331
ALL_GEOLOGY_06052006
121
10 C* DDH lithology (english long hand)
Dombraly DDH DB Weathering.xls
ALL_WEATH
16
Weathering data for 10 C* holes
96
Saga Creek 2003 low grade stockpile and pit infill

sample pits
QAQC
Y - Dombraly QC Fire Assay Partial for 47 ER* RAB, 8 EW-*

and 2 EW* low grade stockpile
2003_WP_PP_pit samples_coordinates
2003_WP_PP_pit samples_coordinates
2003_WP_PP_pit samples_survey
2003_WP_PP_pit samples_survey
96
2003_WP_PP_pit samples_assay
2003_WP_PP_pit samples_assay
96
Lithology?
Weathering?
135
2006 RAB coordinates
2006 RAB survey
2006 RAB coordinates

2006 RAB survey
105
2006 RAB assay
2006 RAB assay
676
Saga Creek 2006 pit and low grade stockpile RAB
Sage Creek 2010 pit and low grade stockpile shallow

RC
Y- Dombraly 2010 RC QAQC
Saga Creek 2010 DDD* diamond holes
Y - Dombraly 2010 DDH QAQC
210
Lithology?
Weathering?
2010_RC_Collar
2010_RC_Collar
37
2010_RC_Survey
2010_RC_Assay
Lithology?
2010_RC_Assay
880
Weathering?
Dombraly additional Data.zip (9 sep 2011)
2010_DDH_Collar.xls
2010_DDH_Collar.dat
13
2010_DDH_Survey.xls
2010_DDH_Survey.dat
2010_DDH_Assay.xls
2010_DDH_Assay.dat
358
2877
Dombraly 2010 DDH logging.xls

Dombraly DDH DB Weathering.xls
Trench Data
DDD lithology in Russian/Kazakh

2010_DDH_Weath.dat
30
Weathering data for 12 DDD* holes (1 hole in all

oxide zone)
744
(compilation of all pre-2006 exploration data); 10

C*
DDH
holes
(2005)
110
W*
RAB
holes
(2002)
49
#*
RAB
holes
(2002)
47
ER*
RAB
holes
(2002)
8 EW-* low grade stockpile trenches (2005)
2 EW* low grade stockpile trenches (2005)
17 Nkv* old crosscut trenches/channels
ALL_COLLAR_01052008
ALL_COLLAR_01052008
Partial - for 47 ER* RAB, 8 EW-*

and 2 EW* low grade stockpile
Y - trenches - Dombraly QC Fire
Assay
136
17 Skv* old crosscut trenches/channels
14
#*
old
DDH
holes
1
C
*
old
DDH
holes
4
C*
old
DDH
holes
187
C-*
old
DDH
holes
24
D-*
old
DDH
holes
19
k-*
old
trenches
5
k*
old
trenches
212
P*
old
trenches
18 P * old trenches
ALL_SURVEY_01052008
ALL_SURVEY_01052008
1742
ALL_ASSAY_01052008
ALL_ASSAY_01052008
17331
121
10 C* DDH lithology (english long hand)
ALL_C_SG_Core.dat
55
Old C* DDH SG data
Weathering?
Bulk
Density
SG Core.xls
New DDH SG Core?
QAQC
QA-QC.zip
Shirotnaia & Dombraly QC Fire Assay.xls
GIS
No density for new 2010 DDD* holes
Dombraly QC Fire Assay
Dombraly 2010 RC QAQC
96 Old (2004-2005) Dombraly field duplicate and

external QC data (4 for ER* RAB, 92 for EW-* and
EW* low grade stockpile trenches)
New Dombraly RC QC data (RCW* and RCD* holes)
Dombraly 2010 DDH QAQC
New Dombraly DDH QC data (DDD* holes)
Dombraly_Topo_07
Dombraly_Topo_07
Topo DTM wireframe with pit infill
Dombraly_Topo_OLD
Dombraly_Topo_OLD
Topo DTM wireframe without pit infill
Contours.tab
Contours_100911.str
0.5m topo and pit contours
Measurement points.tab
Measurement points_100911.dat
topo survey points
Dombraly additional Data.zip (9 sep 2011)
4 for ER* RAB, 92 for EW-* and

EW* low grade stockpile
trenches
39 blank, 41 standard, 40 field
dup, 151 lab dup
128 blank, 126 standard, 132
field dup, 403 lab dup
137
Measurementresults.tab
Measurementresults_100911.dat
samesaspointsfileabove
Situatuoncontours.tab
Situationcontours_100911.str
claypits,waterareaspolygons
Situatuonlines.tab
Situationlines_100911.str
Sameassituationcountourfile
Slope.tab
Slope_100911.str
Pit,lowgradestockpile(?)interplayer(noRL)
Steeps.tab
Steeps_100911.str
Triangulationstations.tab
Triangulationstations_100911.dat
Pit,lowgradestockpile(?)detail/gullyinterplayer
(noRL)
Surveystationlocationlayer
WasteDump_Estimate
WasteDump_Estimate
WasteDump_EstimatesolidWireframe
ALL_DDH_AU_0_18.str
ALL_DDH_AU_0_18.str
TRENCH_CROSS_AU_0_25.str
TRENCH_CROSS_AU_0_25.str
PitareainsituandbackfillAuminpolygonsxsection
interpfromDDH
PitareainsituandbackfillAuminpolygonsplan
interpfromcrosscutdata
Interps
2011 Dombraly Validation Reports

DombralyDHDBandTrenchDBValidationReportTablesSep2011
File
Record
Hole ID
From
To
Warning
Dombraly_150508.dhdb
Action
Comment
Resolved?
Checkok?
maybevalidchange
OK
ALL_SURVEY_01052008.DAT
various
various
Hole
deviation
degrees/metre
ALL_GEOLOGY_06052006.DAT
various
various
VariousHolesnotdefined
Checkok?
NoGeologyfortheseholes
OK
2006_RAB_230311.dhdb
Noerrorsdetected
2010_RC_300811.dhdb
2010_RC_Assay.DAT
824 RCD1405
71
74 Missinginterval
>
0.10
check
Inputifpossible
Ytotaldepth71mcorrectedincollarfile
2010_DDH_100911.dhdb
138
2010 DDH Survey.DAT

2010 DDH Survey.DAT
2010 DDH Survey.DAT
2010 DDH Survey.DAT
2010 DDH Survey.DAT
2010 DDH Survey.DAT
102
105
106
184
185
288
Hole
deviation
degrees/metre
Hole
deviation
degrees/metre
Hole
deviation
degrees/metre
Hole
deviation
degrees/metre
Hole
deviation
degrees/metre
Hole
deviation
degrees/metre
Hole
deviation
degrees/metre
DDD0703
DDD0703
DDD0703
DDD4801
DDD4801
DDD4803
2010 DDH Survey.DAT
289
DDD4803
2010 DDH Assay.DAT
1662
DDD4803
341.7
343
Overlapping intervals
>
0.10
>
0.10
>
0.10
>
0.10
>
0.10
>
0.10
>
0.10
check
OK
check
OK
check
OK
check
OK
check
OK
check
OK
check
OK
Input error - corrected to 1m interval
341.7-342.7
check
error
139
APPE NDI X 3. Do mbraly do main to p cut
st ats and graphs
140
Mineralised low grade stockpile Lower
Top Cut @ 10g/t Au
Mineralised low grade stockpile UpperNo top cut
141
Pit Infill Zone Top cut @ 5g/t Au
In Situ Domain A
Top Cut @ 10g/t Au
142
In situ Domain B
No top cut
In situ domain C
No top cut
143
In situ domain D
In situ domain E
In situ domain F
No top cut
No top cut
Top cut @ 6g/t Au
In situ domain G
In situ domain X
In situ domain Y
No top cut
No top cut
No top cut
In situ domain Z
No top cut
144
In situ domain Z
No top cut
145
APPE NDI X 4. Do mbraly V alidat io n C ross
Sect io ns
146
Mineralised low grade stockpile Section 2
147
Mineralised low grade stockpile Section 6
148
Pit Infill Zone Section 14
149
In Situ Zone Section 0
150
In Situ Section -2
151
APPE NDI X 5. Do mbraly IDW Reso urce Nov
2011
152
Dombraly IDW Resource Nov 2011

Inferred Resources
In Situ Total
Total
From
5.0000
2.0000
1.0000
0.9000
0.8000
0.7000
0.6000
0.5000
0.4000
0.3000
0.2000
0.1000
0.0000
SG
Cum Vol
2.8176
2.6075
2.7019
2.6144
2.6532
2.6881
2.6538
2.6449
2.6692
2.5930
2.6607
2.6375
2.6719
31100.00
396590.00
1018748.00
1072516.00
1262560.00
1399964.00
1571722.00
1732398.00
1916432.00
2302724.00
2540620.00
2807222.00
2812728.00
SG
Cum Vol
Cum Tonnes
87626.88
1040624.92
2721602.74
2862172.80
3366397.98
3735758.60
4191571.76
4616551.66
5107777.66
6109422.44
6742402.10
7445552.52
7460264.00
Cum Au
5.7775100
3.1351900
1.9921800
1.9404700
1.7773300
1.6759200
1.5643300
1.4716200
1.3737400
1.2028200
1.1131100
1.0208300
1.0188300
Au
(g)
Metal
Au Metal (oz)
506,265
3,262,557
5,421,923
5,553,960
5,983,200
6,260,833
6,557,001
6,793,810
7,016,758
7,348,535
7,505,035
7,600,643
7,600,741
16,277
104,894
174,319
178,564
192,364
201,290
210,812
218,426
225,594
236,261
241,292
244,366
244,369
Material
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Oxide
Total
From
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
2.60
2.60
2.61
2.63
2.60
2.61
2.62
2.62
2.62
2.60
2.63
2.63
2.60
2,581
149,291
362,614
402,845
434,148
469,575
527,271
598,925
665,616
808,883
928,069
1,043,408
1,045,198
Cum Tonnes
6,715
388,419
945,445
1,051,428
1,132,952
1,225,353
1,376,308
1,564,166
1,738,682
2,111,880
2,425,326
2,728,155
2,732,809
Cum Au
6.70
2.96
2.04
1.93
1.85
1.77
1.65
1.52
1.41
1.22
1.10
0.99
0.99
Au
(g)
Metal
Au Metal (oz)
44,977
1,148,142
1,931,857
2,030,654
2,100,992
2,169,746
2,266,972
2,373,090
2,451,576
2,577,486
2,656,266
2,699,646
2,699,688
1,446
36,914
62,111
65,287
67,548
69,759
72,885
76,297
78,820
82,868
85,401
86,796
86,797
Material
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Transitional
Total
From
5
2
1
0.9
0.8
SG
2.60
2.57
2.64
2.59
2.56
Cum Vol
1,156
48,098
108,223
110,168
115,956
Cum Tonnes
3,006
123,496
282,114
287,146
301,990
Cum Au
5.94
3.01
2.06
2.05
1.99
Au
(g)
Metal
Au Metal (oz)
17,840
371,380
582,469
587,268
599,943
574
11,940
18,727
18,881
19,289
Material
Transitional
Transitional
Transitional
Transitional
Transitional
153
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
2.65
2.61
2.61
2.64
2.55
2.61
2.61
2.64
123,658
146,456
160,161
178,670
226,246
248,694
274,891
276,401
322,367
381,979
417,789
466,579
587,792
646,384
714,691
718,681
1.91
1.71
1.61
1.49
1.25
1.16
1.06
1.05
615,257
653,146
673,234
695,408
735,004
749,449
757,901
757,936
19,781
20,999
21,645
22,358
23,631
24,095
24,367
24,368
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Primary
Total
From
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Cum Vol
2.85
2.62
2.77
2.55
2.67
2.72
2.69
2.67
2.71
2.60
2.71
2.65
2.75
Oxide Domain
Cum Tonnes
27,363
199,202
547,912
559,504
712,457
806,732
897,995
973,313
1,072,147
1,267,596
1,363,857
1,488,923
1,491,129
77,906
528,710
1,494,043
1,523,599
1,931,455
2,188,038
2,433,285
2,634,596
2,902,517
3,409,751
3,670,692
4,002,706
4,008,773
Cum Au
Au
(g)
5.69
3.30
1.95
1.93
1.70
1.59
1.49
1.42
1.33
1.18
1.12
1.04
1.03
Metal
Au Metal (oz)
443,448
1,743,029
2,907,588
2,936,051
3,282,257
3,475,830
3,636,860
3,747,476
3,869,781
4,036,054
4,099,355
4,143,041
4,143,107
14,257
56,040
93,481
94,396
105,527
111,750
116,928
120,484
124,416
129,762
131,797
133,202
133,204
Material
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Inferred Resources
Total
From
5.0000
2.0000
1.0000
0.9000
0.8000
0.7000
0.6000
0.5000
0.4000
0.3000
0.2000
0.1000
0.0000
SG
Cum Vol
0.0000
2.6499
2.6500
2.6494
2.6497
2.6465
2.6500
2.6500
2.6462
2.6481
2.6500
2.6500
0.0000
0.00
13060.00
55222.00
78096.00
90404.00
94536.00
96772.00
100100.00
103962.00
109772.00
114914.00
118860.00
118860.00
Cum
Tonnes
0.00
34607.80
146336.70
206938.60
239551.20
250486.60
256412.00
265231.20
275450.70
290836.20
304462.50
314919.40
314919.40
Cum Au
Au
(g)
0.0000000
2.3250100
1.5286900
1.3533500
1.2875600
1.2644600
1.2501500
1.2271200
1.1980400
1.1526200
1.1118900
1.0806000
1.0806000
Metal
Au Metal
(oz)
0
80,463
223,703
280,060
308,437
316,730
320,553
325,471
330,001
335,224
338,529
340,302
340,302
0
2,587
7,192
9,004
9,916
10,183
10,306
10,464
10,610
10,778
10,884
10,941
10,941
Material
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
154
Oxide
Total
From
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
0.00
2.65
2.65
2.65
2.65
2.65
2.65
2.65
2.65
2.65
2.65
2.65
0.00
In Situ Domain A
Cum
Tonnes
Cum Vol
0
13,060
55,222
78,096
90,404
94,536
96,772
100,100
103,962
109,772
114,914
118,860
118,860
Au
(g)
Cum Au
0
34,608
146,337
206,939
239,551
250,487
256,412
265,231
275,451
290,836
304,463
314,919
314,919
0.00
2.33
1.53
1.35
1.29
1.26
1.25
1.23
1.20
1.15
1.11
1.08
1.08
Metal
Au Metal
(oz)
0
80,463
223,703
280,060
308,437
316,730
320,553
325,471
330,001
335,224
338,529
340,302
340,302
0
2,587
7,192
9,004
9,916
10,183
10,306
10,464
10,610
10,778
10,884
10,941
10,941
Inferred
Total
From
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Cum Vol
2.60
2.60
2.60
2.60
2.60
2.60
2.60
2.60
2.60
2.60
2.60
2.60
2.60
4,996
124,420
181,108
181,508
183,000
187,674
188,674
192,792
194,832
196,578
197,932
372,444
375,892
Cum
Tonnes
12,990
323,492
470,881
471,921
475,800
487,952
490,552
501,259
506,563
511,103
514,623
968,354
977,319
Cum
Au
6.47
3.15
2.60
2.60
2.58
2.54
2.53
2.48
2.46
2.45
2.43
1.35
1.34
Au
(g)
Metal
Au Metal
(oz)
84,107
1,019,205
1,224,621
1,225,577
1,228,852
1,238,053
1,239,774
1,245,501
1,248,073
1,249,696
1,250,509
1,305,801
1,305,866
2,704
32,768
39,372
39,403
39,508
39,804
39,860
40,044
40,126
40,179
40,205
41,982
41,985
Material
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Oxide
Total
From
5
2
1
0.9
0.8
0.7
SG
Cum Vol
2.60
2.60
2.60
2.60
2.60
2.60
2,485
35,455
63,800
64,200
64,786
66,434
Cum
Tonnes
6,461
92,183
165,880
166,920
168,444
172,727
Cum
Au
6.76
3.25
2.43
2.42
2.40
2.36
Au
(g)
Metal
43,690
299,491
402,561
403,517
404,807
408,072
Au Metal
(oz)
1,405
9,629
12,943
12,973
13,015
13,120
Material
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Material
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
155
0.6
0.5
0.4
0.3
0.2
0.1
0
2.60
2.60
2.60
2.60
2.60
2.60
2.60
66,507
69,710
70,628
70,848
70,988
126,181
127,971
172,917
181,245
183,632
184,204
184,568
328,071
332,725
2.36
2.28
2.25
2.25
2.24
1.31
1.30
408,194
412,641
413,770
413,970
414,057
431,226
431,259
13,124
13,267
13,303
13,309
13,312
13,864
13,865
Metal
Au Metal
(oz)
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Transitional
Total
From
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Cum Vol
2.60
2.60
2.60
0.00
2.60
2.60
2.60
2.60
2.60
2.60
2.60
2.60
2.60
1,156
22,209
40,861
40,861
41,767
43,573
44,398
44,620
45,742
47,042
47,588
70,949
72,211
Cum
Tonnes
3,006
57,743
106,237
106,237
108,593
113,290
115,435
116,012
118,929
122,309
123,729
184,468
187,749
Cum
Au
Au
(g)
5.94
3.45
2.50
2.50
2.47
2.40
2.36
2.36
2.31
2.26
2.23
1.54
1.51
Material
17,840
198,990
266,015
266,015
268,000
271,576
272,993
273,307
274,751
275,960
276,295
283,558
283,582
574
6,398
8,553
8,553
8,616
8,731
8,777
8,787
8,833
8,872
8,883
9,117
9,117
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Metal
Au Metal
(oz)
Material
726
16,742
17,877
17,877
17,877
17,953
17,959
17,990
17,990
17,997
18,009
19,002
19,002
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Total
From
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
SG
Cum Vol
2.60
2.60
2.60
0.00
0.00
2.60
2.60
2.60
0.00
2.60
2.60
2.60
2.60
In Situ Domain B
1,355
66,756
76,448
76,448
76,448
77,668
77,770
78,463
78,463
78,689
79,357
175,314
175,710
Cum
Tonnes
3,523
173,566
198,764
198,764
198,764
201,936
202,201
204,003
204,003
204,590
206,327
455,816
456,845
Cum
Au
6.41
3.00
2.80
2.80
2.80
2.77
2.76
2.74
2.74
2.74
2.71
1.30
1.29
Au
(g)
22,577
520,725
556,044
556,044
556,044
558,405
558,587
559,553
559,553
559,766
560,156
591,018
591,025
Inferred
156
Total
From
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Cum Vol
0.00
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
0.00
0
23,762
71,108
82,144
114,598
137,430
157,872
169,612
210,012
229,578
248,628
249,158
249,158
Cum
Tonnes
0
60,593
181,325
209,467
292,225
350,447
402,574
432,511
535,531
585,424
634,001
635,353
635,353
Cum
Au
0.00
4.01
2.30
2.12
1.76
1.59
1.47
1.41
1.23
1.15
1.08
1.08
1.08
Au Metal
(g)
Au Metal
(oz)
0
242,810
416,285
443,411
514,854
558,454
592,681
609,334
656,320
673,911
686,630
686,823
686,823
0
7,807
13,384
14,256
16,553
17,955
19,055
19,591
21,101
21,667
22,076
22,082
22,082
Au Metal
(g)
Au Metal
(oz)
0
151,673
267,374
280,194
300,302
322,193
339,027
345,709
369,975
381,012
386,176
386,176
386,176
0
4,876
8,596
9,008
9,655
10,359
10,900
11,115
11,895
12,250
12,416
12,416
12,416
Au Metal
(g)
Au Metal
(oz)
0
49,995
61,939
64,963
72,486
75,812
81,161
84,997
0
1,607
1,991
2,089
2,330
2,437
2,609
2,733
Material
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Oxide
Total
From
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Cum Vol
0.00
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
0.00
0.00
0
14,982
44,472
49,788
58,962
70,486
80,675
85,309
106,085
118,411
126,079
126,079
126,079
Cum
Tonnes
0
38,203
113,402
126,958
150,352
179,738
205,720
217,537
270,517
301,947
321,500
321,500
321,500
Cum
Au
0.00
3.97
2.36
2.21
2.00
1.79
1.65
1.59
1.37
1.26
1.20
1.20
1.20
Material
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Transitional
Total
From
5
2
1
0.9
0.8
0.7
0.6
0.5
SG
Cum Vol
0.00
2.55
2.55
2.55
2.55
2.55
2.55
2.55
0
5,037
8,564
9,788
13,218
14,961
18,192
20,924
Cum
Tonnes
0
12,843
21,838
24,959
33,705
38,151
46,388
53,355
Cum
Au
0.00
3.89
2.84
2.60
2.15
1.99
1.75
1.59
Material
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
157
0.4
0.3
0.2
0.1
0
2.55
2.55
2.55
2.55
0.00
27,126
28,619
31,496
31,618
31,618
69,170
72,977
80,314
80,625
80,625
1.33
1.28
1.19
1.19
1.19
92,252
93,665
95,593
95,635
95,635
2,966
3,011
3,073
3,075
3,075
Transitional
Transitional
Transitional
Transitional
Transitional
Au Metal
(g)
Au Metal
(oz)
Material
0
41,143
86,971
98,254
142,065
160,449
172,492
178,626
194,089
199,232
204,864
205,014
205,014
0
1,323
2,796
3,159
4,567
5,159
5,546
5,743
6,240
6,405
6,587
6,591
6,591
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Total
From
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Cum Vol
0.00
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
2.55
0.00
In Situ Domain C
0
3,744
18,073
22,569
42,419
51,984
59,006
63,380
76,802
82,549
91,054
91,462
91,462
Cum
Tonnes
0
9,547
46,085
57,550
108,168
132,558
150,465
161,619
195,844
210,500
232,188
233,228
233,228
Cum
Au
0.00
4.31
1.89
1.71
1.31
1.21
1.15
1.11
0.99
0.95
0.88
0.88
0.88
Inferred
Total
From
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Cum Vol
0.00
2.53
2.53
0.00
2.53
0.00
0.00
2.53
2.53
2.53
2.53
2.53
0.00
0
120,464
134,982
134,982
135,004
135,004
135,004
135,894
136,932
142,454
182,274
182,898
182,898
Cum
Tonnes
0
304,774
341,504
341,504
341,560
341,560
341,560
343,812
346,438
360,409
461,153
462,732
462,732
Cum Au
Au
(g)
0.00
2.33
2.27
2.27
2.27
2.27
2.27
2.26
2.24
2.17
1.75
1.74
1.74
Metal
Au Metal
(oz)
0
711,248
774,143
774,143
774,190
774,190
774,190
775,499
776,655
781,359
804,929
805,204
805,204
0
22,867
24,889
24,889
24,891
24,891
24,891
24,933
24,970
25,121
25,879
25,888
25,888
Material
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Oxide
Total
From
SG
Cum Vol
Cum
Cum Au
Au
Metal
Au
Metal
Material
158
Tonnes
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
0.00
2.53
2.53
0.00
0.00
0.00
0.00
2.53
2.53
2.53
2.53
2.53
0.00
0
32,742
35,191
35,191
35,191
35,191
35,191
35,687
36,331
40,340
53,130
53,628
53,628
0
82,836
89,032
89,032
89,032
89,032
89,032
90,287
91,916
102,059
134,419
135,679
135,679
(g)
0.00
2.39
2.35
2.35
2.35
2.35
2.35
2.32
2.29
2.09
1.65
1.63
1.63
(oz)
0
198,363
208,818
208,818
208,818
208,818
208,818
209,536
210,221
213,644
221,360
221,580
221,580
0
6,378
6,714
6,714
6,714
6,714
6,714
6,737
6,759
6,869
7,117
7,124
7,124
Metal
Au Metal
(oz)
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Transitional
Total
From
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Cum Vol
0.00
2.53
2.53
0.00
0.00
0.00
0.00
0.00
0.00
2.53
2.53
2.53
0.00
0
19,571
22,347
22,347
22,347
22,347
22,347
22,347
22,347
22,394
27,611
27,623
27,623
Cum
Tonnes
0
49,515
56,537
56,537
56,537
56,537
56,537
56,537
56,537
56,656
69,856
69,886
69,886
Cum Au
Au
(g)
0.00
2.31
2.25
2.25
2.25
2.25
2.25
2.25
2.25
2.24
1.86
1.86
1.86
Material
0
114,163
126,925
126,925
126,925
126,925
126,925
126,925
126,925
126,963
130,042
130,048
130,048
0
3,670
4,081
4,081
4,081
4,081
4,081
4,081
4,081
4,082
4,181
4,181
4,181
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Metal
Au Metal
(oz)
Material
0
12,819
14,095
14,095
14,096
14,096
14,096
14,115
14,131
14,170
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Total
From
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
Cum Vol
0.00
2.53
2.53
0.00
2.53
0.00
0.00
2.53
2.53
2.53
0
68,152
77,445
77,445
77,467
77,467
77,467
77,861
78,255
79,721
Cum
Tonnes
0
172,423
195,936
195,936
195,992
195,992
195,992
196,988
197,985
201,694
Cum Au
0.00
2.31
2.24
2.24
2.24
2.24
2.24
2.23
2.22
2.19
Au
(g)
0
398,722
438,401
438,401
438,447
438,447
438,447
439,038
439,509
440,752
159
0.2
0.1
0
2.53
2.53
0.00
In Situ Domain D
101,533
101,647
101,647
256,878
257,167
257,167
1.77
1.76
1.76
453,527
453,578
453,578
14,581 Primary
14,583 Primary
14,583 Primary
Inferred
Total
From
Cum
Vol
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
0.00
0.00
2.62
2.62
2.62
2.62
2.62
2.62
2.62
2.62
2.62
2.62
2.62
Cum
Tonnes
0
0
114,392
115,376
181,606
203,454
272,562
358,406
376,164
377,958
378,300
379,494
380,074
Cum
Au
0
0
299,707
302,285
475,808
533,049
714,112
939,024
985,550
990,250
991,146
994,274
995,794
0.00
0.00
1.26
1.26
1.11
1.08
0.96
0.87
0.85
0.85
0.85
0.84
0.84
Au Metal
(g)
Au Metal
(oz)
0
0
377,631
380,000
530,435
573,172
688,304
814,800
835,845
837,494
837,736
838,163
838,170
0
0
12,141
12,217
17,054
18,428
22,129
26,196
26,873
26,926
26,934
26,948
26,948
Au Metal
(g)
Au Metal
(oz)
0
0
73,521
73,521
73,521
74,887
118,060
177,501
177,501
177,501
177,501
177,501
177,501
0
0
2,364
2,364
2,364
2,408
3,796
5,707
5,707
5,707
5,707
5,707
5,707
Au Metal
(g)
Au Metal
(oz)
Material
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Oxide
Total
From
Cum
Vol
SG
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
0.00
0.00
2.62
0.00
0.00
2.62
2.62
2.62
0.00
0.00
0.00
0.00
0.00
Cum
Tonnes
0
0
22,271
22,271
22,271
22,991
48,912
88,078
88,078
88,078
88,078
88,078
88,078
Cum
Au
0
0
58,350
58,350
58,350
60,235
128,149
230,763
230,763
230,763
230,763
230,763
230,763
0.00
0.00
1.26
1.26
1.26
1.24
0.92
0.77
0.77
0.77
0.77
0.77
0.77
Material
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Oxide
Transitional
Total
From
Cum
Vol
SG
0.00
Cum
Tonnes
Cum
Au
0.00
Material
0 Transitional
160
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
0.00
2.62
0.00
0.00
2.62
2.62
2.62
0.00
0.00
0.00
0.00
0.00
0
18,653
18,653
18,653
20,022
35,980
43,957
43,957
43,957
43,957
43,957
43,957
0
48,871
48,871
48,871
52,456
94,267
115,167
115,167
115,167
115,167
115,167
115,167
0.00
1.26
1.26
1.26
1.23
0.96
0.89
0.89
0.89
0.89
0.89
0.89
0
61,577
61,577
61,577
64,300
90,570
102,634
102,634
102,634
102,634
102,634
102,634
0
1,980
1,980
1,980
2,067
2,912
3,300
3,300
3,300
3,300
3,300
3,300
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Transitional
Au Metal
(g)
Au Metal
(oz)
Material
0
0
242,533
244,899
395,335
433,986
479,674
534,668
555,715
557,356
557,596
558,024
558,032
0
0
7,798
7,874
12,710
13,953
15,422
17,190
17,867
17,919
17,927
17,941
17,941
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Primary
Total
From
5
2
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Cum
Vol
SG
0.00
0.00
2.62
2.62
2.62
2.62
2.62
2.62
2.62
2.62
2.62
2.62
2.62
Cum
Tonnes
0
0
73,468
74,452
140,682
160,442
187,670
226,372
244,130
245,924
246,266
247,460
248,040
0
0
192,486
195,064
368,587
420,358
491,696
593,094
639,620
644,320
645,216
648,345
649,864
Cum
Au
0.00
0.00
1.26
1.26
1.07
1.03
0.98
0.90
0.87
0.87
0.86
0.86
0.86

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A C A HOWE INTERNATIONAL LIMITED

MICROMINE CONSULTING SERVICES

A C A HOWE INTERNATIONAL LIMITED

A C A HOWE INTERNATIONAL LIMITED

SARY-ARKA LICENCE COORDINATES .......................................................................................... 4

LOCATION MAP SHOWING ALHAMBRA LICENCE, PROSPECTS AND SURROUNDING

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SCATTERPLOT COMPARISON BETWEEN ORIGINAL REVERSE CIRCULATION

MCS DOMBRALY SITE VISIT REPORT ................................................................................ 100

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Data preparation, compilation, review and validation,

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Gold price - US$1,394/oz

Dombraly Pit Infill Total Resource by Category and Material Type

Dombraly In Situ Total Resource by Category and Material Type

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Data preparation, compilation, review and validation,

ACA HOWE INTERNATIONAL LIMITED

MICROMINE CONSULTING SERVICES

Micromine Consulting Services (MCS) is an internationally recognised, independent geology and

MCS, its directors, employees and associates do not hold:

RELIANCE ON OTHER EXPERTS

PROPERTY DESCRIPTION AND LOCATION

The Dombraly exploration project is located in Figure 1.

TABLE 1. SARY-ARKA LICENCE COORDINATES

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LICENCE AND TENURE

FIGURE 1: LOCATION MAP SHOWING DOMBRALY AREA, PROSPECTS AND

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FIGURE 2: GEOLOGICAL MAP OF THE DOMBRALY AREA

(GK - ZONE 13 - PULKOVO 1942)

FIGURE 4: CROSS SECTION OF THE DOMBRALY DEPOSIT ALONG LINE L16

FIGURE 5: CROSS SECTION OF THE DOMBRALY AREA ALONG LINE L40

FIGURE 6: LONG SECTION OF THE DOMBRALY AREA ALONG LINE A-B

DOMBRALY - PROPERTY DESCRIPTION AND LOCATION

ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE

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TABLE 2. SUMMARY OF DOMBRALY EXPLORATION 1969 TO 1972

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TABLE 3. SUMMARY OF DOMBRALY SAMPLING 1969 TO 1972

HISTORICAL MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES

Oxide + backfill + low

Sulphide to 300 m depth

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TABLE 5. DOMBRALY OFFICIAL RESOURCE AND RESERVE ESTIMATE

HISTORICAL ESTIMATES OF MINERAL POTENTIAL

DOMBRALY - GEOLOGICAL SETTING

DOMBRALY - REGIONAL GEOLOGY

DOMBRALY - LOCAL AND PROPERTY GEOLOGY

DOMBRALY - DEPOSIT TYPES

The mineralisation is described as belonging to a volcano-sedimentary hosted, orogenic type and is

TABLE 6. SUMMARY OF DOMBRALY WORK 2002-2005

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TABLE 7. 2010-2011 DDH SIGNIFICANT INTERCEPTS

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TABLE 8. 2010-2011 RC SIGNIFICANT INTERCEPTS

From To Length DataType

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13303388 5868718 231

TABLE 9. SUMMARY OF DOMBRALY SAMPLING QUANTITIES

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