High-grade results from exploration at Kyrgyz gold project

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 26 Mar 2012   Posted by admin


PERTH-based gold exploration and development company Manas Resources has received wide, high-grade results at its 100 per cent-owned Shambesai gold project in the Kyrgyz Republic – formerly Kyrgyzstan – in Central Asia.
Drilling highlights at the project, which is being fast-tracked toward production in 2013, included a number of continuous wide, high-grade intersections along the main Shambesai shear zone.
Manas reported that it expected the results would have a positive effect on the project’s overall mineral resource.
A number of drilling hits occurred outside the established Shambesai mineral resource and scoping study pit boundary, including 22m at 3.16 grams per tonne of gold from 97m and 8m at 8.45g/t of gold from 103m.
Manas reported that all drilling and exploration activities at Shambesai had been completed, and that it had engaged the local Maidan village community in a community consultation process.
The company said the feasibility study for Shambesai was progressing on schedule and would be reported at the end of March.
A scoping study on the high-grade component of Shambesai has shown the project will be one of the lowest-cost gold operations in the world.
Shambesai is part of Manas’s larger South Kyrgyz gold project, which has 54 prospects across an extensive landholding in the Kyrgyz Republic.
Only six prospects have been drilled to date, for a resource base of 1.25 million ounces of gold.

 

By Reuben Adams


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