23rd Sep 2013 11:39
LONDON (Alliance News) - Chaarat Gold Holdings Limited Monday said its in-fill drilling programme in the main zone of its Kyrgyzstan gold project has progressed well.
To date, a total of 143 holes have been drilled in the main zone along the 2.5km strike, of which 29 were drilled in 2013, and 23 more are planned to be drilled before the end of the season, said the company.
"The results reported today continue to demonstrate why Chaarat is one of the best undeveloped gold deposits in the world," Chief Executive, Dekel Golan, said in a statement.
"With the uncertainty surrounding the gold price and costs of production, a high grade near surface open pit operation is the best way to ensure the viability of a mining project," he added.
The stock was trading at 14.35 pence Monday morning, up 0.60 pence or 4.4%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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