Chaarat sees potential to ramp up production at Tulkubash

Kyrgyzstan-focused gold explorer Chaarat Gold Holdings has seen positive gold grades from its ongoing drilling programme in the Tulkubash Project.

Tulkubash mineralisation extended from a previous strike of 360m to 920m. 19 out of the 20 drilled intersected mineralisation at the predicted depth.

"The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation," said chief executive officer Dekel Golan.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

Golan said that the company is confident that this scenario should improve further with drilling along strike.

BC