 |
 |
| IGL drilling program, East Block, Bhukia |
 |
Jagpura
Bhukia Mineral Resource Summary
Jagpura has all the geological, geographical, physical and metallurgical attributes to develop into a world class mine. It is endowed with gold and copper, it outcrops, it has substantial widths enabling large open pit mining and the metallurgy is relatively benign.
Jagpura is centred on the village of Bhukia in Southern Rajasthan. State-sponsored research and exploration was initiated here some 14 years ago to follow-up ancient, perhaps +2000 year old gold mining sites around Bhukia, and has continued spasmodically under the auspices of the Geological Survey of India (GSI) and Hindustan Zinc Ltd (HZL). The JV acquired mineral rights in early 2005 and its resulting work, including two campaigns of drilling and acquisition of old data, has resulted in the identification of gold (-copper) mineralisation estimated to be in excess of 2 million ounces.
Over the past two years, IGL has been involved in a difficult legal process to attempt to force the Rajasthan Government to renew and upgrade its mineral rights. This is ongoing although a new Government elected late-2008 appears to be moving towards our position.
This exciting and emerging new gold district has attributes that allow comparisons with other major, Lower Proterozoic gold provinces around the world, e.g. Telfer (Western Australia), Homestake (USA), and Pilgrims Rest (South Africa). Jagpura is considered to have the potential to become a very large gold project, based on a series of open pit mineable deposits.
New Updates Coming Soon.