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.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Golan said that the company is confident that this scenario should improve further with drilling along strike.
BC
-
Inflation holds steady at 3.8% ahead of BoE meetingThe rate of inflation did not rise in August, but the Bank of England is still expected to keep interest rates on hold tomorrow
-
Thousands of savers with £250k pensions take cash over tax-free money and IHT fearsWith a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth
