Exploration Approach

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• Exploration Approach
• How 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 Approach
• The Challenge is to unlock the economic
  potential of shallow covered areas in the Tien
  Shan Gold Belt by
• Predicting the deposit location, and
• 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 Approach
• Kentor is backing itself to find blind or subtly
• concealed gold deposits at different scales
• Regional choose the best gold belts using
  Soviet era data
• 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 Projects Historical 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 ProjectStrong coherent gold-in-soil
anomaly definedAnomaly 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 Project
• Example 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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The Kumtor Gold Trend
ERTASH TENEMENT
South West Deposit - 0.5M oz
Akbel - Kentor
KUMTOR MINE
KUMTOR MINE
Prospect
Bordu Prospect
Sarytor Prospect
12M oz
0
9km
Kumtor Panorama looking south
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• Akbel Project
• The challenge extensive glacial till covering
  extensions of the Kumtor Trend
• Conventional methods not appropriate
• Innovative approach needed
• 2 principle exploration techniques applied
• Mobile Metal Ion (MMI) soil geochemistry
• Induced Polarisation (IP)

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Akbel Project MMI Soil Geochemistry Recent
sampling shows larger and more coherent gold
anomalies defining Kumtor Trend (about 19km
semi-continuous AuBiW 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