Quick facts

Location North Kazakhstan Region, Kazakhstan
Partner Kazgeology JSC and unrelated private investor
Mineralization Porphyry-scarn

Project

Polymetal holds an indirect interest of 7.5% in the project with an option to increase to 75% upon completion of a 3-year exploration program.

Polymetal provides funding for the exploration program through loans and operates the project.

Geology

The Baksy prospect area is located 300 km Southeast of the Varvara. Mineralization is contained by eksoskarn ores, metasomatites, veinlet stockworks. Main desired metals are copper and gold. The geo-structural and metallogenic setting of the Baksinsky area is very typical for the known large gold-rich copper-porphyry objects.

Progress

In 2020, a number of geophysical studies, geochemical survey, as well as 11 km of drilling with hydraulic соre lifter and more than 3 km of core drilling were completed.

Anomalies with the potential of gold-copper mineralization discovery have been identified, and a copper deposit discovered in 2016 has been traced.

In 2021, exploration will continue both at the already defined areas and at new sites.

Related press releases

While the selected annual report is being downloaded, we want to draw your attention to the Sustainability Report. It provides detailed information on ESG indicators.

While the selected files are being downloaded, we want to draw your attention to the reports on the sustainable development of the company. They provide detailed information on ESG indicators.

You can also download historical data on sustainable development.

2019