Kumtor

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Kumtor

SB Zone; Section 14

NB Zone; Section 166

SB Zone; Section 26

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Longitudinal Section

2005 Drilling Plan Map

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View Detailed Map PDF (134 KB) Kumtor Project Drilling Results (December 01, 2005 to January 16, 2006)

Drill Hole Number

Location

Drill Section

Zone

D1031

South end

22

SB zone

290.8 368.1 incl. 309.4 335.5 382.5 390.3

D1032

South end

26

SB zone SB zone

D1040

South end

22

216.8 246.6 incl. 252.8 SB zone 306.0 331.8 incl. 336.4 SB zone 364.8 incl. 369.0 SB zone 461.4 478.5

D1030A

South end

14

SB zone SB SB SB SB SB

D1039A

South end

26

From (m)

343.1 incl. 349.0 zone 396.0 zone 410.0 incl. 413.8 zone 427.0 zone 442.0 zone 460.2

SB zone

380.0 incl. 413.0 SB zone 469.0 SB zone 480.0 incl. 482.5 SB zone 491.7

To (m) Core Length (m)

Au (g/t)

77.3 26.1 7.8

7.39 17.43 1.84

218.3 297.0 282.5 317.0 342.5 339.5 456.4 391.7 465.4 492.5

1.5 50.4 29.7 11.0 10.7 3.1 91.6 22.7 4.0 14.0

3.81 15.89 23.59 2.04 5.76 16.60 6.36 18.43 1.81 1.75

390.0 366.0 402.0 421.0 418.0 437.0 455.2 463.2

46.9 17.0 6.0 11.0 4.2 10.0 13.2 3.0

5.05 9.35 1.37 10.57 25.46 4.46 3.72 4.28

451.0 434.0 470.0 487.6 484.1 510.3

71.0 21.0 1.0 7.6 1.6 18.6

10.13 24.88 5.38 7.62 24.76 1.81

Notes Significant mineralized intervals are greater than 1.28 g/t Au Individual assays are top cut to 60 g/t Au prior to composite calculation Inclusions are generally greater than 6.0 g/t Au True widths for mineralized zones are about 70% to 95% of stated down hole interval Tables are current as of January 16, 2006

10/04/11 1:53 PM

Drill Holes are included in the KS6 resource model (2005 yearend disclosure)

10/04/11 1:53 PM

Kumtor - SB Zone; Section 14 Current Topography

Bedrock Surface

4,000m.

4,000m.

KS5 Pit 23.2g/t 15.9m incl.

3.18g/t 20.5m

D776

KS6 Pit

34.5g/t 9.9m

5.2g/t 51.3m incl.

13.75g/t 11.0m

3,800m.

3,800m. 6.0g/t 37.1m incl.

15.2g/t 9.5m

D1025

5.1g/t 46.9m 2.37g/t 11.0m

Legend: Mineralized Zones included in KS6 block model >1.5g/t Au

D1023

Drill Hole Collar

D1039A

D129 D1029

Composite interval Trace Number

200 Metres

3,600m.

KUMTOR EXPLORATION January 23, 2006

PIT - SECTION 14 Kumtor Pit Area

800m. Graphics by Watts, Griffis and McOuat

40

1,400m.

D1030A

Composite interval g/t Au 3.4g/t 35.0m Interval length (m)

9.35g/t 17.0m

0

D1022

>10g/t Au

3,600m.

incl.

1,000m.

1,200m.

Kumtor - NB Zone; Section 166 Original Topography 4,200m.

4,200m.

KS5 Pit

Current Pit Topography Legend:

4,000m.

D979

Mineralized Zones included in KS6 block model

KS6 Pit

>1.5g/t Au

D893

D936

>10g/t Au

2.3g/t 30.3m

1.9g/t 18.6m

D885

incl.

Drill Hole Collar

5.4g/t 4.9m

7.7g/t 44.4m

D897 D944

3,800m. 0

40

200 Metres

GD847 D931B D859

KUMTOR EXPLORATION January 23, 2006

3,600m.

4,000m.

D857 incl.

2.1g/t 8.7m

D990A

600m.

3,800m.

5.5g/t 12.0m

3.2g/t 17.9m

D997A

incl.

400m.

Composite interval g/t Au Interval length (m)

3.4g/t 35.0m

2.7g/t 58.6m

3.0g/t 17.2m

PIT - SECTION 166 Kumtor Pit Area

Graphics by Watts, Griffis and McOuat

incl.

D1039A

14.3g/t 6.0m 10.1g/t 20.6m

Composite interval Trace Number

800m.

5.8g/t 4.6m

D1010B

D1017A D1003

1,000m.

incl.

4.8g/t 4.7m

3,600m.

1,200m.

1,400m.

Kumtor - SB Zone; Section 26 Current Topography

3,800m.

3,800m.

D961A

D1019

Bedrock Surface 4.1g/t 22.9m 10.7g/t 71.3m

KS5 Pit

incl.

KS6 Pit

20.7g/t 12.4m

D911 3,800m.

3,800m.

D753

D930

D771

3.4g/t 33.5m

D836

13.4g/t 32.3m

D982

incl.

22.7g/t 12.7m

Legend: Mineralized Zones included in KS6 block model >1.5g/t Au

15.9g/t 50.4m

D1032

incl.

>10g/t Au

10.1g/t 71.0m

23.6g/t 29.7m

incl.

24.9g/t 21.0m

D930A

3,600m.

KUMTOR EXPLORATION

Drill Hole Collar

D1039A

Composite interval Trace Number 3,600m.

Composite interval g/t Au Interval length (m)

D919

3.4g/t 35.0m

January 23, 2006

D982A

PIT - SECTION 26 Kumtor Pit Area

D1039A

0

40

200 Metres

1,800m. Graphics by Watts, Griffis and McOuat

2,000m.

2,200m.

2,400m.

Kumtor - Longitudinal Section

KUMTOR EXPLORATION

Current Pit Topography

NE

January 23, 2006

4,200m.

Section 166

GRADE* THICKNESS MAP Kumtor Pit Area Original Topography 1996

Inclined Section INC4

4,100m. G/T*M

1280

SW

960

Section 14

640

4,000m.

480

Section 26

320 240 160

3,900m.

120

KS5 Pit

100 80 60 40 30

KS6 Pit

20

NB ZONE KUMTOR PIT KS6 PIT DESIGN

10

3,700m.

0

-41O

3,600m.

Planview

Limit of Drilling 0

SB ZONE

100

500 500 m

Metres

SECTION INC4

100m. Graphics by Watts, Griffis and McOuat

500m.

3,800m.

900m.

1,300m.

1,700m.

2,100m.

3,500m.

Kumtor Mine, 2005 Drilling Plan Map 21

0Y

11 00 0X

January 23, 2006

20 00 0Y

00

10 00 0X

KUMTOR EXPLORATION 2005 DRILLING PLAN MAP Kumtor Pit Area

N Section 166

Outline of KS5 Pit Design Section 14 Section 26

Longitudinal Section

D1030A

D1040 D1039A

Outline of KS6 Pit Design Legend:

X

Drill collar locations, Dec-Jan 16, 2005

11 00 0

10

00 0

X

D1032 D1031

0

100

500 Metres

20

00 0

Drill collar locations, at Nov. 30, 2005

Y

Drill collar locations, pre-2005