Central Asia Resources Ltd: ASX Announcement
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5 March 2008
New gold zone discovery at Altyntas prospect, Kazakhstan
HIGHLIGHTS
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Best result of 30.5 meters grading 5.56g/t gold from 54.5 meters including 14.4 meters grading 10.97g/t gold from hole DDH 1064
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New zone (Zone #5) identified at Altyntas prospect
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Zone #3 traced by trenches for over 1,300 metres, drill holes have now intersected over 720 metres strike length and to a depth of 280 metres
Kazakhstan-focused gold exploration company Central Asia Resources (CVR) drilling program has resulted in the discovery of a new gold zone and
confirmed extensions to the mineralisation along strike and at depth in zone #3 at the Altyntas gold prospect.
The latest drilling at Zone #3 - which was identified by extensional drilling in September last year – has now traced the mineralization with Diamond drill holes
for over 720 metres in strike length. It is open at depth and along strike with the deepest gold interval intercepted at 280 metres down hole.
The new discovery – Zone #5 – has been intersected over a strike length of 200 metres, and is open at depth and along strike.
Central Asia Resources Limited’s Chief Executive Officer, Jason Stirbinskis said "The results from the company’s most recent drilling program were very encouraging as it confirmed the prospect had
further gold mineralisation along strike and at depth. In addition, the identification of new areas of gold mineralisation at the Altyntas gold prospect highlights the potential for large tonnage deposits,"
Mr Stirbinskis said, "We remain focused on an aggressive drilling program at Altyntas prospect with the focus on announcing a maiden JORC resource estimate this quarter."
Download the full media release by clicking this link.
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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. |