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Epic & Msn data
Epic CGH
Time: 13:37:10
Mid Price: 55.75
Change Today: -1.25 Descending
Change % Today: -2.19 Descending
Fifty Two Week High: 57.75
Fifty Two Week Low: 12.50
Market Capital: 62.95
Period & price data
Period Price
Now: 55.75
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: AIM
Sector: General Mining - Gold
Epic: CGH
News: Latest news
Web Site: Chaarat Gold
Other Articles: 10-02-201014-01-201022-12-2009

Chaarat Gold

Chaarat Gold Holdings Ltd listed on the London’s AIM on 8 November 2007 with the ticker CGH. The Chaarat Group was founded for the purpose of exploring and developing gold projects in a gold province in the western part of the Kyrgyz Republic. The Company has a 100% interest in the 604 square kilometre exploration licence, which covers an area of extensive gold mineralisation, within the Tien Shan Gold Belt.
Extensive prospecting has only been conducted on one of the three known clusters of gold occurrences within an area of approximately 48km2, referred to as the Chaarat Gold Project, which hosts many highly prospective gold occurrences. The two other prospective clusters which have been identified in the Licence area, Minteke and Kashkasu will be explored as soon as practical. At the completion of the 2008 exploration season, a Mineral Resource of 3.34Moz at a grade of 4.30 g/t gold (JORC compliant in the Indicated and Inferred categories) had already been delineated

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Tuesday, November 03, 2009

Chaarat Gold drill results open up potential for larger open pit mining resource

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Kyrgyzstan operating gold miner Chaarat Gold Holdings (AIM: CHG) reported high grade sampling results from a surface drilling programme at one of the target areas of its flagship Chaarat project in Kyrgysztan, which the company said could have a significant impact on the economics of the project.


The drilling results are from five surface drill holes and an adit in the T0700 project area targeting the southern part of the Tulkubash zone, one of three parallel striking mineralisation trends at the project. Highlights included intersections of 24.6m (metres) at 4.88 g/t (grammes per tonne) Au (gold) and 18m at 4.60 g/t Au including 5.78m at 9.09 g/t Au.


The Tulkubash zone has been delineated by soil anomalies over a strike of 4 km (kilometres), of which only 500m in the T0700 area has been explored by drilling. The zone strikes parallel to the Contact and Main zones and extends to the north-east into the Karator and Ishakuldy areas.


The objective of the ongoing drilling programme is to evaluate the potential for this mineralisation to be included as a possible future open pit mining resource.


“Management believes that if this potential is identified and proves economic, it will have a significant impact on the economics of the project. The results reported herewith are yet another step in achieving this important goal,” said Chief Executive of Chaarat Derek Golan.


The company’s 100% owned Chaarat license area spans over 604.6 sq km (square kilometres), while extensive prospecting has only been conducted on high priority targets within an area of 48 sq km, referred to as the Prospect area. Advanced stage prospecting including the ongoing resource drilling programme on three of the seven priority targets within the area have so far delineated zones of gold mineralisation with a JORC compliant resource of 3.14Moz (million ounces) at 4.41 g/t with 2.2Moz in the inferred category and 0.9Moz in the indicated category.


The company expects to announce a new resource update in the first quarter of 2010.

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