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Chaarat Gold Holdings Ltd.
Summary
| Project: | Chaarat | |
|---|---|---|
| Deposit: | Tulkubash Zone | |
| Location: | Kyrgyz Republic | |
| Commodities: | Gold | |
| Date: | 7/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 10-7-2018: Chaarat Gold Holdings Ltd. announces an Exploration/Drilling Update report for its Tulkubash Zone deposit at the Chaarat project. Drilling results incl. 15.0m @ 1.32g/t Au from 6.0m. Chaarat (AIM: CGH), the AIM quoted exploration and developmen | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dorian Nicol (Internal) | |
| ABSTRACT: | Chaarat (AIM: CGH), the AIM quoted exploration and development company developing the Chaarat Gold Project in the Kyrgyz Republic, is pleased to provide an update on its 2018 exploration drilling programme at its Tulkubash oxide gold project. This Press Release presents results obtained since the Company's last exploration update on 22 June 2018. Dorian L. (Dusty) Nicol, Chair of the Company's Technical Committee, commented:"We continue to receive very encouraging results from our ongoing exploration programme at Tulkubash. Since our last exploration update, we have demonstrated further along-strike extension of oxide gold mineralisation to the northeast of the currently defined resource, have demonstrated that the gold grade appears to be increasing in this direction, and have also identified new, shallow mineralisation within the current pit outline. "Our team continues to identify new, sub-outcropping ore-grade mineralisation along drill roads, demonstrating once again the high prospectivity of our project for the discovery of additional resources and indeed entire new deposits. Progress of drill road construction is allowing the drill rigs now to advance into Segment V, which we consider our highest priority target area with the greatest likelihood of quickly demonstrating significant tonnages of new oxide gold mineralisation."I continue to expect that this year's exploration programme will be eminently successful, leading to a significant increase in the tonnage of the oxide gold resource as well as, concurrently, an increase in the overall grade of the deposit. All of our drilling is designed to target new resources with a high likelihood of conversion to reserves. We will continue to provide periodic updates of results from this year's drilling and exploration programme. "With progress to date, we still have explored a small percentage of a 24-kilometre mineralised trend comprising favourable geology as well as extensive, and, in some cases, ore-grade, rock and soil geochemical anomalies. Our belief that Tulkubash represents merely part of an emerging gold district continues to be validated by ongoing exploration results." | |
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