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.
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.
Subscribe to 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
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published