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Chaarat Gold Holdings Ltd.
Summary
| Project: | Chaarat | |
|---|---|---|
| Deposit: | Tulkubash Zone | |
| Location: | Kyrgyz Republic | |
| Commodities: | Gold | |
| Date: | 12/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 4-12-2017: Chaarat Gold Holdings Ltd. announces an Exploration/Drilling Update report for its Tulkubash Zone deposit at the Chaarat project. Drilling results incl. 133.5m @ 1.34g/t Au from 1.5m. Robert Benbow, CEO of Chaarat, commented: "The development a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Frank Fenne (Internal) | |
| ABSTRACT: | Robert Benbow, CEO of Chaarat, commented: "The development activities initiated and advanced this year will give us an advantage when we start construction. Improving access to site and communications will assist our team in delivering the project. We look forward to announcing an upgraded resource for the Tulkubash oxide zone in January 2018 incorporating the positive results obtained in the 2017 drilling programme. It is clear that an ongoing exploration programme will be an integral part of our business plan. We look forward to commencing our next season of drilling and project development to deliver Tulkubash as an oxide heap leach operation of significant scale." Activities for the 2017 field season focused on the drilling programme to increase the Tulkubash oxide resource and to provide infrastructure that will de-risk and accelerate project development. As previously reported, the successful drilling programme was expanded to 17,420 metres. The results are being tabulated for inclusion in a new resource update due in January 2018. The infrastructure upgrade ongoing at site is crucial to ensure that construction of the Tulkubash heap leach project can commence in a timely manner following completion of the feasibility study in Q1 2018. The access road from the Chatkal Valley to the top of the Kumbel Pass is the only access to the mine and needs to be improved to ensure the safe delivery of equipment and construction supplies to site. The newly constructed bridge over the Sandalash river will provide access to the Tulkubash open pit for heavy mining equipment and service vehicles. Establishing reliable mobile communications is a high priority for construction and operations at the mine and we are well advanced to achieve this in 2018. | |
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