Image source: pixelied.com / pixabay.com
Chaarat has published a maiden Mineral Resource Estimate (MRE) for its Karator prospect, 2km from its most advanced asset, the 1.01Moz resource Tulkubash gold project in Kyrgyzstan.
Karator contains 207,000oz at 0.96 g/t gold not including 5-10Mt of oxide gold material at 0.8-0.9 g/t, subject to further exploration, resource definition and upgrade.
Chaarat will use production from Karator and other satellite deposits to extend the Tulkubash Life of Mine from the current six years towards the eventual target of 10-15 years.
Next steps at Karator will include further systematic step-out and infill drilling, aiming to advance and extend the maiden resource.
A comprehensive technical assessment will also be undertaken, including field activities covering metallurgical, geotechnical, and hydrogeological test works, and a further Feasibility Study (FS) report with confirmed JORC compliant Reserves.
David Mackenzie, chief financial officer, commented: "Our +1Moz Tulkubash Gold
LATEST NEWS
-
Polymetal Int Recommends Dividend Waiver and Name Change to Solidcore Resources plc
21/05/2024
-
Erdene Resource Development Corp Advances Bayan Khundii Gold Project in Mongolia
21/05/2024
-
Rock Tech Lithium Receives Full Permits for Guben Refinery
20/05/2024
-
EU to Launch Calls for Critical Minerals Projects and Joint Purchases
20/05/2024
MOST POPULAR
-
Development of tungsten ores of the Yuzhny Zhaur deposit
-
Council of Domestic Entrepreneurs raised issues of the development of Kazakhstan’s mining and metallurgical sector
-
Contracts for subsoil use of two Kazatomprom subsidiaries were extended
-
Kazakhstan mining industry news digest now available for free subscription