KENTOR GOLD LTD

PREDICTIVE GOLD DISCOVERYPREDICTIVE GOLD DISCOVERYKYRGYZ REPUBLICKYRGYZ REPUBLIC

Presented by David Royle The CIS Precious Metals & Stones Summit, Moscow14 February 2006

KENTOR GOLD LTD

Exploration ApproachHow does a small company like Kentor create opportunities to fast track to a gold discovery?

Illustrated by 2 case studies:1. regional scale (Talas Projects), and 2. local scale (Akbel Project)

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Exploration Approach

• Extensive previous surface exploration by Soviets in Kyrgyz Republic

• Most outcropping deposits are well documented and picked over

• Thus high-tech generative approach chosen by Kentor to focus on hidden new gold deposits

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Tien Shan Gold Belt of Central Asia

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Exploration ApproachThe Challenge is to unlock the economic potential of shallow covered areas in the Tien Shan Gold Belt by:

1. Predicting the deposit location, and2. Detecting the deposit existence

• Predicting – applying conceptual models through a GIS database to select areas for exploration

• Detecting – use of appropriate cutting-edge technology to define drill targets

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Exploration ApproachKentor is backing itself to find blind or subtly concealed gold deposits at different scales:

1. Regional – choose the best gold belts using Soviet era data

2. Local – choose targets using combined remote techniques & drill

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Talas Projects

The 3 Talas projects were a direct outcome of the regional generative exploration program in 2004

Multilayered GIS targeting approach incorporating extensive Soviet geochemistry, satellite image processing and spatial analysis

Emphasis on large intrusive related gold and copper-gold deposits

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Talas ProjectsHistorical Geochemical Data Coverage

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Talas Projects• Total 140 targets identified / ranked in late 2004

• 34 priority targets tested in the field

• 16 targets with positive signs of gold mineralisation

• Best 4 on open ground located in Kyrgyz Range acquired

• Subsequent exploration in 2005 upgraded 3 (Uzunbulak, Barkol, Karabalta)

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Kentor Tenements – February 2006

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Uzunbulak Project

Showing 4 main drill ready porphyry copper-gold targets

Drilling is planned to commence this month

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Kentor Tenements – February 2006

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Barkol Project

Strong coherent gold-in-soil anomaly defined

Anomaly is yet to be drill tested

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Kentor Tenements – February 2006

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Karabalta

2 highly encouraging targets outlined by stream and rock geochemistry

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Akbel ProjectExample of local scale exploration

• Most advanced Kentor project

• Core asset & major focus for Kentor

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Kentor Tenements – February 2006

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Akbel – Bashkol Tenements

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Kumtor Panorama looking south

KUMTOR MINE

South West Deposit - 0.5M oz

Bordu Prospect Prospect

ERTASH TENEMENT

Sarytor ProspectKUMTOR MINE

Akbel - Kentor

12M oz

The Kumtor Gold Trend

0 9km

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Akbel ProjectThe challenge – extensive glacial till covering

extensions of the Kumtor Trend• Conventional methods not appropriate• Innovative approach needed• 2 principle exploration techniques applied:

1. Mobile Metal Ion (MMI) soil geochemistry

2. Induced Polarisation (IP)

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Akbel ProjectMMI Soil Geochemistry

Recent sampling shows larger and more coherent gold anomalies defining Kumtor Trend (about 19km semi-continuous Au±Bi±W anomaly)

Results add evidence of repeatability of MMI technique

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Akbel Project• Systematic application of both techniques + geological

interpretation continues to upgrade the project• Multiple drill targets defined• Key ingredients for a Kumtor-style gold deposit

confirmed in initial drilling:– Favourable structures– Pyritic carbonaceous shale / tillite– Hydrothermal alteration

• Vector to the black shale mine host rocks NW • Extensive drill program planned for 2006

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Akbel Project - Drill Hole Locations

Priority Drill Area

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Conclusions• This more predicative approach to

targeting and exploring under cover is the next frontier for the discovery of the worlds gold and base metal deposits

• The approach being undertaken by Kentor in the Kyrgyz Republic is just as applicable to other parts of the CIS

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Kentor has the management team, finance and the scientific skill to unlocking the potential of

the highly prospective Tien Shan Gold Belt