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.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

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

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.