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Chaarat Gold Holdings Ltd.

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Summary

Project:

Chaarat

Deposit:Tulkubash Zone
Location:Kyrgyz Republic
Commodities:Gold
Date:9/4/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:4-9-2018: Chaarat Gold Holdings Ltd. announces a Resource Estimation report for its Tulkubash Zone deposit at the Chaarat project. Updated mineral resource estimate at Tulkubash Deposit. Chaarat (AIM: CGH), the AIM quoted exploration and development compa
Resources:(Resource, M+I): 32.654Mt @ 1.35g/t Au for 1.414Moz Au contained at Tulkubash
CP/QP:[Resources]: Joe Hirst (Tetra Tech/Coffey Mining Ltd.)
ABSTRACT:Chaarat (AIM: CGH), the AIM quoted exploration and development company developing the Chaarat Gold Project in the Kyrgyz Republic, is pleased to announce a Joint Ore Reserves Committee ("JORC") compliant Mineral Resource update for its Tulkubash oxide gold deposit in the Kyrgyz Republic. This resource update is based on a new, simplified, and robust geologic model. It is an interim resource update, including results received to date from 63 diamond drill holes, comprising approximately 10,525 metres drilled since the Company's last resource update (see Press Release dated 31 January 2018). The Company is targeting to complete a total of approximately 30,000 metres of diamond drilling at Tulkubash this year. A subsequent resource update, comprising results from the entire drilling programme, will be prepared early in the first quarter of 2019. The Company anticipates completing an updated reserve calculation in October 2018.This interim resource update was prepared, and the year-end resource update will be prepared, by third-party independent consultant, Tetra Tech.

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