Last checked at 1 Oct 2010 10:10
Kryso Resources plc
("Kryso" or the "Company")
BFS Update
Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, advises that it has been informed by the Beijing General Research Institute of Mining & Metallurgy ("BGRIMM") that the final bankable feasibility study on the Company's 100% owned Pakrut gold project in Tajikistan will be available on 12 October 2010.
An announcement detailing the results of the BFS will be made by Kryso as soon as possible thereafter.
Enquires:
Dr Trevor Davenport/Craig Brown, Kryso Resources plcTel: +44 (0)20 7371 0600
Katy Mitchell, WH Ireland LimitedTel: +44 (0)16 1832 2174
Christian Dennis/Jeremy King, Optiva Securities Limited (formerly Orbis Equity Partners Limited)Tel: +44 (0)20 3137 1902
Ben Knowles, Walbrook PRTel: +44 (0)20 7933 8780
For further information, please visit the Company's website www.kryso.com
About the Pakrut Gold ProjectThe Pakrut gold project, of which Kryso has 100% ownership, is situated in Tajikistan approximately 112km northeast of the capital city Dushanbe. Pakrut has total JORC Code-compliant Mineral Resources of 3,024,000 oz Au (assuming a cut-off grade of 0.0g/t Au) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and western China, and which hosts a number of multi-million ounce gold deposits.
Drilling at Pakrut has previously returned numerous exciting intersections, including the following results released in April 2010:
- Ore Zone 1: 25.5m at 7.5 g/t, 42.4m at 5.4 g/t and 12.0m at 6.4 g/t Au- Ore Zone 3: 9.0m at 7.5 g/t and 13.5m at 7.5 g/t Au (with 4.5m at 20.1 g/t)
About TajikistanTajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States (CIS) and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. Kryso's management team has extensive experience in the mining industry in Tajikistan.
Copyright Business Wire 2010