Chaarat Gold Holdings Ltd – Drilling intersects significant mineralisation

Chaarat Gold Holdings Ltd – Drilling intersects significant mineralisation

Drilling intersects significant mineralisation at the Chaarat Gold Property, Kyrgyzstan

Chaarat Gold Holdings Ltd (CGH) is pleased to announce encouraging drilling results from its underground and surface drilling programme at its 100% held, 604 square kilometre, Chaarat Gold Property in Kyrgyzstan.

The drilling programme is taking place on the central Chaarat target which hosts three parallel striking mineralisation trends, the Main, the Contact and the Tulkubash Zones at the Chaarat Project, for which a JORC compliant resource estimate of 4.009 million ounces at 4.14 g/t of gold has been reported. 

The results reported below refer to one surface drill hole at the M3000 Project in the Main Zone and two underground drill holes at the C5300 project in the Contact Zone.

One of the underground drill holes was drilled from the newly constructed drill chamber 4 which is located on the northern extension of the underground workings of the C5300 Project.  The other underground hole was drilled from the southern end of the same project in order to explore the interval between Projects C4600 and C5300.  All drill holes are HQ size diamond core holes.  A map of the underground workings can be found at http://www.chaarat.com/content/chaarat-2

Dekel Golan, CEO of Chaarat, comments “The drilling programme implemented this year is focused on adding the right type of ounces; ounces which fit well into the emerging mining model being developed for the pre-feasibility study, ounces in open pittable locations and strike extensions which may readily translate to a higher mining rate.”

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