| Central Asia Resources Ltd: ASX Announcement |
2 April 2008
CENTRAL ASIA ANNOUNCES MAIDEN RESOURCE OF 287,000 OUNCES
ALTYNTAS GOLD PROSPECT, KAZAKHSTAN
HIGHLIGHTS
o Altyntas prospect maiden resource of 5.41Mt grading 1.65g/t for 287,000oz contained gold
o Resource based on 1000m of 1800m strike length. Prospect remains open and aggressive exploration campaign continues
o Metallurgical test program to investigate processing synergies between Altyntas, Kengir and Kepken prospects to commence
o Maiden resource estimate for the Kepken gold prospect due shortly
Australian resources company Central Asia Resources Limited (ASX: CVR)(“Central Asia” or “the Company”) is pleased to announce a maiden Inferred Resource for the Altyntas gold prospect in Kazakhstan.
The Inferred Resource for the Altyntas gold prospect is 5,410,000t grading 1.65g/t Au for 287,000 ounces of contained gold.
The Resource was based on a 0.4g/t lower cut-off and was estimated by Micromine Pty Ltd. The estimate is based on the results of Central Asia’s drilling and sampling campaign which extended the previously defined mineralised
zones, discovered new mineralised zones and validated historical sampling data from Soviet exploration programmes.
“Little was known about the Altyntas Prosect when we begun the recent drilling program, and our success here is attributable to the efforts of our exploration team in Kazakhstan, lead by Dr Waldemar Mueller”, Central
Asia’s CEO Jason Stirbinskis said.
“We have announced some strong hits and the discovery of new mineralised zones earlier this year and the prospect remains open along strike and at depth. These results highlight the potential for Altyntas to be a large tonnage
gold deposit”.
Mineralisation occurs from surface and is considered amenable to open pit mining methods. Three Diamond drill rigs remain allocated to the prospect to continue to develop the extent of the mineralised area. Previously announced,
recent best drill results include-
o 8.9 meters grading 5.04g/t gold from 4.0 meters; and 30.5 meters grading 5.56g/t gold from 54.5 meters including 14.4 meters grading 10.97g/t gold from DDH 1064
o
21.3 meters grading 1.72g/t gold from 39.9 meters including 5.5 meters grading 6.06g/t gold; and 62.6 meters grading 1.00g/t gold from 94.6 meters including 21.3 meters grading 2.12g/t gold from 131 meters from DDH
1070
o
2.0 meters grading 6.15g/t gold from 53.0 meters; and 2.1 meters grading 2.17g/t gold from 93.9 meters from DDH 1065
“We have traced the mineralisation for 1,800m of strike length (Fig 1) however this resource estimate only includes 1,000m of strike. We expect infill drilling and further exploration will add to this Resource throughout
2008”. Mr Stirbinskis added “We also announced an increased revised resource for our Kengir prospect last week which is less than 20km from the Altyntas Prospect.
We will be announcing a maiden resource for our Kepken prospect soon which is also in close proximity. Whilst exploration drilling continues, we will also commence high level investigations into any processing and infrastructure synergies
that may exist given the close proximity of the 3 prospects”.
Altyntas Gold Prospect – Primary Geology
The Altyntas prospect is hosted in a quartz stockwork style mineralisation within dyke-form intrusive bodies of diorite-porphyrites. The host sediments and dykes exhibit moderate to strong
chlorite and epidote alteration. The gold mineralisation is associated with pyrite and arsenopyrite associated with quartz veining.
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Central Asia resources Ltd
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DEVELOPMENT STAGE |
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CODE : CVR.AX |
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Central Asia is a gold and silver development stage company based in Australia. Its main asset in development is BOGUTY in Uzbekistan and its main exploration properties are ALTYNTAS and DALABAI in Kazakhstan. Central Asia is listed in Australia. Its market capitalisation is AU$ 202.4 millions as of today (US$ 131.0 millions, € 122.7 millions). Its stock quote reached its lowest recent point on May 15, 2017 at AU$ 0.00, and its highest recent level on June 17, 2022 at AU$ 0.21. Central Asia has 1 156 569 984 shares outstanding. |