Detailed exploration to be conducted at Asgat depositEconomy
Ulaanbaatar /MONTSAME/. At its
meeting on January 21, Parliamentary Standing
Committee on Industrialization approved a resolution on giving direction
to the Government of Mongolia.
It is considered vital to put the Asgat silver deposit, a large deposit of
strategic importance, into economic circulation. With the resolution, the Government of Mongolia is instructed to carry out additional exploration activities
at the deposit to fully define the amount of resources, and announce the bidding to conduct the additional exploration in line with the relevant laws and regulations by the first half of 2022.
In his presentation, the head of the working group in charge of developing the draft resolution, MP T.Aubakir highlighted that the Government should be instructed to conduct the detailed exploration of the deposit regionally and redefine its resources by 2024.
Exploration and geological survey on the Asgat Silver Deposit, located in Nogoonnur soum of Bayan-Ulgii aimag in the western region of Mongolia, were first made in 1953 to continue until 1990. The study concluded its silver deposit at 7369.8 tons and copper and other mixed metal minerals at 227,436 tons.