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Gold & silver

Central Asia Resources on the road to gold production in Kazakhstan

Central Asia Resources (ASX:CVR) has kicked off the process of recommencing gold production from its Dalabai heap leach gold project in Kazakhstan.

This follows the company receiving Tranche 1 funds of US$930,000 from the Halyk Bank Loan Facility and a detailed project review.

Contractors area already on site to develop an open pit and heap leaching operation.

Planned capital improvements for the ramp up to full production include the purchase of an additional crusher and a gold desorbtion system.

This second crusher will facilitate a significant increase in ore crushing throughput and spread the workload over the crushing circuit.

The resin desorbtion and electro winning circuit will allow production of final product (cathode gold) on site rather than transporting gold-rich resin and relying on expensive third-party facilities.

Central Asia will need to drawdown on Tranche 2 (US$1.58 million) of the facility and carry out an Australian equity fundraising to sustain the restart of mining at Dalabai.

Dalabai is located in the Chu Ili gold belt in southern Kazakhstan. It is expected to produce 1,500 ounces of gold per month.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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