Last checked at 5 Aug 2010 07:00
Kryso Resources plc ("Kryso" or the "Company") Appointment of Chief Operating Officer
Kryso Resources plc (AIM:KYS), the gold exploration and development company that is advancing its Pakrut gold project in Tajikistan through a bankable feasibility study ("BFS"), announces that it has appointed Andre Gaston as its Chief Operating Officer.
In his role of Chief Operating Officer, Andre will not have a board position but will have responsibility for managing the ongoing exploration programme at Pakrut, finalising the Pakrut project BFS being carried out by the Beijing General Research Institute of Mining and Metallurgy ("BGRIMM") and preparing the mine for production.
As announced on 10 June 2010, Andre commenced employment with Kryso in June as Senior Mining Engineer and will continue to work closely with BGRIMM and with other Kryso consultants to optimise the BFS as it proceeds towards completion.
Andre, aged 37, has had considerable experience in key technical roles at substantial mines including the Callie gold mine in Australia for Newmont Mining, and Geita gold mine in Tanzania for AngloGold. He has also previously worked for Oriel Resources in Kazakhstan and OceanaGold in New Zealand.
Andre graduated from Auckland University in 1996 as a Bachelor of Engineering (Mining) and is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM).
Dr. Trevor Davenport, Non-executive Chairman, commented:
"We are delighted to be welcoming Andre into the role of Chief Operating Officer. During the last two months Andre has proven that he has technical mining expertise, can manage operations in Tajikistan and has the ability to perform various corporate functions. We are therefore confident that Andre will prove to be a strong asset to our management team."
Enquires:
Dr Trevor Davenport/Craig Brown, Kryso Resources plc
Tel: +44 (0)20 7371 0600
Katy Mitchell, WH Ireland Limited
Tel: +44 (0)161 832 2174
Christian Dennis/Jeremy King, Optiva Securities Limited (formerly Orbis Equity Partners Limited)
Tel: +44 (0) 20 3137 1902
Ben Knowles/ Bob Huxford, Leah Kramer, Walbrook PR
Tel: +44 (0)20 7933 8780
For further information, please visit the Company's website www.kryso.com
Notes to Editors:
About the Pakrut Gold Project
The Pakrut gold project, of which Kryso has 100% ownership, is situated in Tajikistan approximately 112 km 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 Tajikistan
Tajikistan 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.
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