King Solomon Mines

Exploration Strategy

Regional Geological Setting

The high prospectivity of Inner Mongolia exists by virtue of its geological setting astride the Mongolian-Great Hinggan Fold Belt.  It also takes in a substantial section of the northern edge of the North China Platform, a geological terrane that has accounted for approximately 20% of China’s gold production.

The Mongolian-Great Hinggan Fold Belt is a large scale zone of complexly deformed rocks extending from Kazakhstan and Kyrghistan in the west to south-eastern Siberia in the east and taking in mineral-rich Mongolia.  The Tien Shan and Altay gold belts of central Asia converge into the Fold Belt from the west and northwest respectively.  These terranes host some of the world’s largest copper and gold deposits.

 

The complexity of the Fold Belt derives from its history as a late Palaeozoic collision zone between formerly opposing continental margins.  It consists of Palaeozoic island arc terranes in fault bounded juxtaposition with Archaean-Proterozoic continental fragments, deformed ophiolites and related ocean-floor remnants, all overlain locally by shallow marine and more recent terrestrial sediments.  Magmatism associated with a series of major orogenic episodes has added a variety of plutonic, hypabyssal and volcanic rocks to the deformation mix. 

This history has left the Belt highly prospective for a wide range of mineral commodities from active-plate-margin style precious and base metal deposits, through fossil fuels in post-Palaeozoic basins, to evaporites in the current landform cycle.

Inner Mongolia also takes in approximately 1,000 km of the northern margin of the North China Platform, an ancient and stable crustal block that contains some of the most valuable mineral deposits in Asia.  Approximately 20% of China’s present gold production is derived from the northern edge of the platform where Archaean gneiss basement and Palaeo-proterozoic metamorphic and igneous rocks outcrop through overlying clastic sediments.

China is the largest gold producer in the world. 

Inner Mongolia Exploration Potential

Inner Mongolia is rich in mineral occurrences with government records reporting 70 categories of minerals identified in 860 deposits around the region.  These include ferrous and non-ferrous metals, precious and rare metals, rare earths (REE), native elements, metallurgical raw materials, fossil fuels, chemical raw materials, building materials and other non-metals.  The known deposits of iron, rare earths, niobium, zirconium and coal are large.  The rare-earths deposit at Bayan Obo is the largest known such deposit in the world and accounts for 70% of the world’s resource.  Its coal reserves are the second largest in China and the Erdos natural gas field is the largest onshore field in China.

Despite the exciting geological environment, the multitude of mineral occurrences and the undoubted capability of many Inner Mongolian government geological teams, exploration within the province remains relatively immature.  This is a consequence of a number of factors including the historic limitation of mineral access and exploration to government agencies and the usually very limited budgets of those agencies. 

Strategy

King Solomon’s exploration strategy in Inner Mongolia has evolved from an initial “grass-roots” prospecting approach to the following set of guiding principles:

  • Focus on base metals and gold - especially porphyry and/or skarn copper, volcanogenic massive sulphides and orogenic gold.
  • Focus on the geological belts in areas of those belts yet to be systematically.
  • Acquire discoveries by local explorers lacking technical or financial strength.
  • Seek projects where modern exploration technologies could lead to rapid progress.
  • Focus on large scale targets with potential for major discoveries.