Kazax Minerals Inc. Site Visit, Kazakhstan - April 2013
CHF's Jeremy Hill travelled to the Kazax Minerals Inc. (TSXV: KZX) Lomonosovskoye (Lomo) Project in Kazakhstan in April along with CHF Capital Markets' Analyst, Yuri Belinsky.
As you drive into the Town of Rudny the sign displayed shows the name of the town in Kazakhstani with the Periodic symbol for Iron (Fe). Rudny translates to ‘Ore’. To the right of the sign and just off the highway out of the picture is ENRC’s SSGPO open pit Iron mine that stretches 6 km. The population of Rudny is 124,000. The majority of people who live in Rudny work for Eurasian National Resource Company (ENRC).
Pictured is the Kazakhstan National Rail Line which connects to major Steel Mills in Russian, China and Kazakhstan. The Lomo Project is just 12 km from the rail line.
Kazax Minerals has a vast warehouse full of core. The majority of the core that is stored in the warehouse is historical core from when the soviets drilled the Lomo property dating back to the 1970’s. There has been a total of 100,000m drilling on the property.
Pictured is where the centre pit will be. Pre-Strip is scheduled after the Bankable Feasibility Study is completed in August. As you can see the site is extremely flat. If you look carefully you can also see Bar Holes where drilling has been completed in the past.
David Savage, CEO of Kazax Minerals, delivered a speech to Minex Delegates about the development of the Lomo Project and the positive impact it will have on Shareholders and the local population.