Chaarat Gold Holdings Ltd (LON:CGH) has drilled approximately 8,000 metres of its planned 30,000-metre drilling programme at the Tulkubash project in Kyrgyzstan. Eight drill rigs are currently in operation on site.
It’s now been confirmed that gold mineralisation continues further along strike northeast of the existing one million ounce resource. The 2018 drilling campaign has extended mineralisation approximately 1,000 metres along strike beyond the limits of the current resource estimate.
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Significant intercepts include 26 metres at 1.15 grammes per tonne gold from a depth of 27.0 metres, 11.2 metres at 1.89 grammes from 82.5 metres, and 19.5 metres at 4.33 grammes from a depth of 207.5 metres.
An initial resource update is expected in September 2018 and a more comprehensive one in the first quarter of 2019.
"We continue to be very encouraged by the results from our ongoing drilling and surface exploration programme at Tulkubash,” said Dusty Nicol, chair of the company's technical committee.
“As we had expected, drilling continues to demonstrate along strike extension of mineralisation to the northeast of the currently defined resource. Ongoing exploration continues to generate new targets, further validating our belief that we have, to date, delineated only a small portion of a large, emerging gold district. I remain highly optimistic that this year's exploration programme will lead to a significant increase in both the size and the grade of the Tulkubash deposit.”