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Chaarat Gold exploration drilling extends Tulkubash mineralisation

Published: 07:32 22 Jun 2018 BST

gold bars
Chaarat Gold said that the current drilling indicated that grades appear to increase along the strike

Chaarat Gold Holdings Ltd (LON:CGH) has announced that its exploration drilling has extended mineralisation at  theTulkubash gold project in the Kyrgyz Republic.

The AIM-listed exploration and development company said that 3,750 metres have been drilled to date from the planned 30,000 metres drilling programme for 2018.

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The company said gold mineralisation has been demonstrated to continue over 500 metres along strike north-east of the existing 1-million-ounce resource.

Chaarat Gold said that the current drilling indicated that grades appear to increase along the strike.

Dorian L. (Dusty) Nicol, chair of the company's technical committee, said: “This current drill programme is designed with the intent to maximize the conversion of new Resources to Reserves and I am very encouraged by the results of our drilling to date, especially considering that we have not yet drilled our highest priority targets.”

He added: ”We have demonstrated that gold mineralisation continues to the northeast of the currently defined Resource and the mineralised grade appears to be increasing in this direction.  As we extend drill road construction, we will soon commence drilling our highest priority targets which is an exciting step in the programme. “

"With results to date, we have still explored less than three kilometres of a 24-kilometre mineralised trend, further validating our belief that our mineralised system represents an emerging gold district,” he said.

Chaarat Gold makes strong progress with Tulkubash open-pit project in the...

Chaarat Gold Holdings Ltd (AIM:CGH) chief financial officer David Mackenzie joined Proactive's Stephen Gunnion with an overview of the company's operations in the Kyrgyz Republic, where it is advancing two significant projects on the same license: Tulkubash and Kyzyltash. Tulkubash, an...

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