Drilling update
Chaarat Gold Holdings Ltd (AIM:CGH) is pleased to report further drilling results from the Contact Project. The Contact Project is located within the Contact Zone of the Kiziltash Project and comprises the mineralised body which has been created by combining the C4600 and C5300 projects.
Selected results from the Contact Project of the Kiziltash Project
Following the 2010 drilling season, Chaarat reported a JORC compliant resource of 4.406Moz at a grade of 4.2 g/t gold. Included in the total is a JORC compliant resource of 2.001Moz at 4.20 g/t gold from the Contact Project. Underground drilling continues at the Contact Project and the results reported today are the results from the first 10 drill holes not included in the 2010 resource update. Further results will be reported regularly.
Mineralisation in the Contact Project has been established over a strike length of 1,160 metres and vertical extension to a maximum depth of 900 metres from the surface. The mineralisation is open both along strike and down dip.
Dekel Golan, CEO of Chaarat, comments "The results and the increase in strike and down dip continuity will not only add to the delineated resource in the deposit, but also have a positive impact on the potential mining rate of the Kiziltash project. The results help to identify the higher grade trends in the mineralised body and focus exploration efforts on those areas which will increase the average grade of the whole deposit."
DH No.
Project
Section
From
To
Intersected width
True width
Au g/t
UG-24
CP
4640
1.50
9.00
7.50
5.67
2.58
128.50
151.00
22..50
17..00
3.61
UG-25
4720
4.50
3.00
2.44
2.19
21..50
23..00
1.22
7.30
131.00
144.50
13..50
11..00
3.11
161.00
180.50
19..50
18..00
3.33
including
170.00
8.31
3.55
173.00
6.92
4.14
UG-23
4800
10..50
6.60
2.46
100.50
130.50
30..00
22..00
133.50
144.00
7.70
3.38
148.50
150.00
1.10
7.19
UG-26
153.50
158.00
2.73
168.50
192.50
24..00
UG-601
4960
43..50
52..50
7.00
2.09
258.00
264.00
6.00
4.67
3.69
268.50
271.50
2.33
2.74
UG-407
5280
99..00
115.50
16..50
12..50
6.82
108.00
5.68
11..21
UG-408
131.50
136.00
3.41
2.61
149.50
155.50
4.55
9.87
UG-406
5360
126.50
132.50
5.00
137.00
140.00
2.50
2.00
159.50
1.25
3.20
165.50
167.00
3.03
UG-409
204.00
210.00
3.29
223.50
226.50
262.50
265.50
2.85
274.50
277.50
4.75
UG-410
238.00
250.00
12..00
9.50
2.57
269.50
272.50
2.38
6.53
287.50
295.00
5.94
4.31
302.50
305.50
3.16
320.50
325.00
3.56
2.31
341.50
343.00
1.19
4.21
404.50
406.00
5.54
Note to Editors:
Further information about the Company:
Chaarat Gold Holdings Limited
c/o Central Asia Services Limited
+44 (0) 20 7499 2612 dekel@chaarat.com linda.naylor@chaarat.com
Westhouse Securities Limited
+44 (0) 20 7601 6100
Tim Feather Richard Baty
tim.feather@westhousesecurities.com richard.baty@westhousesecurities.com
Smith's Corporate Advisory
+44 (0) 20 7321 2508
Dominic Palmer-Tomkinson
tomkinson@smiths-ca.com
Chaarat Gold is a gold development stage company based in Switzerland.
Chaarat Gold holds various exploration projects in Kyrgyzstan.
Its main exploration properties are MINTEKE, KASHKASU, KIZILTASH (CHAARAT MAIN) and TULKUBASH in Kyrgyzstan.