Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic. The Company’s main activity is the development of the Kiziltash and Tulkubash projects situated within the Middle Tien Shan Mountains of Kyrgyzstan, which form part of the Tien Shan gold belt. The Company has delineated a JORC compliant mineral resource of 4.406Moz at a grade of 4.20g/t gold across both projects. Chaarat's key objective is to become a low cost gold producer; with initial production from the Tulkubash project, targeting annual production of over 200,000 ounces per annum as the Kiziltash project comes on stream.
05/12/11
Kyrgyzstan is already a significant exporter of gold thanks to the country’s Kumtor mine, which after 16 years in operation has produced several million ounces of gold. Chaarat believes it has an opportunity to duplicate that success
07/02/11
The junior gold company unveiled a £51 million funding that will fast-track the first gold pour to 2012. It will initially start open-pit mining from the Tulkubash open pit later this year. This lower-cost operation will help fund a massive underground development that will access over 4 million ounces of contained gold. We caught up with Mark Heyhoe of Westhouse Securities to get his take on this compelling central Asian gold story.
02/11/10
Chaarat Gold will split its 4 million ounce gold project in the Kyrgyz Republic, to bring the Tulkubash open pit into production quicker, with first gold expected as early as Q4 2011. Meanwhile the company is still progressing the Main Project's underground development, with a drilling programme being readied to facilitate a definitive feasibility study.
17/08/10
We get a progress report from boss Dekel Golan and find him in an up-beat and confident mood about the potential of Chaarat's mine in Kyrgyzstan.
09/03/10
Shares rose more than 10 percent in reaction to the good news from the Chaarat deposit in the Kyrgyz Republic, where evaluation of recent drilling added 670,000oz to the total resource.
22/12/09
Chaarat confirmed in March 2009 an overall resource in the eleven project areas of 3.34 million ounces of gold, with an average grade of 4.3 g/t at a conservative cut-off of 3 g/t.
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