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Chaarat Gold Holdings Ltd.
Summary
| Project: | Chaarat | |
|---|---|---|
| Deposit: | Tulkubash Zone | |
| Location: | Kyrgyz Republic | |
| Commodities: | Gold | |
| Date: | 9/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 7-9-2017: Chaarat Gold Holdings Ltd. announces an Exploration/Drilling Update report for its Tulkubash Zone deposit at the Chaarat project. Drilling results incl. 39.0m @ 1.35g/t Au from 82.0m. Chaarat (AIM - CGH), the AIM quoted exploration and developme | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Frank Fenne (Internal) | |
| ABSTRACT: | Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, is pleased to provide an update on the drilling programme in the Tulkubash Zone of the Chaarat Gold Project. Robert Benbow, CEO of Chaarat, commented: “The results reported today continue to demonstrate the untapped potential of the Tulkubash heap leach project. The 2017 drilling program, as highlighted in the sections selected above, has identified oxide mineralisation for another kilometre northeast of the current Tulkubash pit and it is still open in that direction. We have progressed ahead of schedule and, with the encouraging results to date, are adding 4,000 metres to the drilling program this season bringing the target to 15,000 metres. We remain confident that the reserve base of the Tulkubash Project can be enlarged to significantly extend the life of mine. Once the mine plan is updated we expect the prestripping required before gold production commences to be considerably reduced. A reduction in the pre-stripping and the extension of the life of mine are expected to impact | |
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