Exploration and Mining in Egypt

Almost 150 million roubles invested in 2007 – 2010 into two concession sites, leading Russian geologists deployed, dozens of young Egyptian specialists trained. Very conclusive results attained following evaluation of more than 10,000 samples.   

We are preparing a feasibility study and a business plan (on $25 million scale) for drilling operations, additional geophysical survey and start of extraction on sites where presence of gold is already discovered.  

Our results for 2008 – 2010 are documented in reports by the reputable independent geological auditors Behre Dolbear. The reports can be viewed at the project site: www.smwgold.com.

We estimate that $25-40 million would be required over the following 3-4 years, since our sites contain 8 very promising high grade mineralisation zones.This would allow us to determine one or two high concentration gold-bearing zones, similar to the Sukari zone located approximately 200 km from our site and within the limits of the same ore body setting. based on examined archive data and their in-depth knowledge of Nubian shield mineralisation zones, our geologists firmly believe in the potential of finding a very sizable deposit, or even several.