Last checked at 7 Jul 2008 07:00
Kryso Resources plc (`Kryso' or `the Company') AIM: KYS Positive Drilling Report - Pakrut Gold Project
- Another exceptional intersection attained from Ore Zone 1 - 123.7m @ 6.14 g/t Au
- First hole into a new zone intersects mineralization
Kryso Resources plc, the mineral exploration and development Company with gold and nickel-copper projects in Tajikistan, is pleased to announce that further exceptional assay results have been received from diamond core drilling at its 100 per cent owned Pakrut gold project. The assays were carried out by an internationally accredited laboratory in South Africa.
Highlights of drilling in Ore Zone 1 include an intersection of
123.7m @ 6.14g/t Au (including 86m @ 8.48g/t).
This result, from drilling between 100-200m below the existing adit level, further supports the interpreted trend of the mineralization, which is still open at depth and to the east and north. The results from this drill hole demonstrate that the grade and width of the resource is increasing with depth. These results announced today will be used to update the existing 1.05Moz JORC-compliant resource later this year.
In addition, a new zone (Ore Zone 7) to the south-east of Ore Zone 1 has been identified with the completion of the first drill hole at this location. Further drilling from surface will test the extent of this new zone over the coming months.
Kryso has now successfully completed the geotechnical drilling programme designed to test the proposed open pit and tailings dam. The Company's drill rigs will now be utilised to test the deeper extensions of the Pakrut mineralisation and these results will be announced over the coming months.
Kryso Resources' Managing Director, Vassilios Carellas comments:
"This is an outstanding intersection that suggests that the Pakrut ore body now has a width of approximately 70m at this location. `I am very excited by these results which demonstrate that the grades and widths of the Pakrut resource are increasing at depth which bodes well for bulk tonnage mining potential. The current drilling programme will now test the extent of this mineralization at depth and to the east. This is an exciting phase for Kryso as we continue to add significant value to the Pakrut project."
All exploration results have been approved for release by Dr Trevor Davenport B.Sc, M.Sc, Ph.D, MIMM, C.Eng, Chairman of Kryso Resources plc. Trevor has more than 35 years experience in the mining industry and has consented to the inclusion of the material in the form and context in which it appears.
For further information, please contact:
Vassilios Carellas/Craig Brown, Kryso Resources plc.Tel: 020 7371 0600Brett Miller, Ruegg & Co Ltd.Tel: 020 7584 3663Richard Hail, Fox-Davies Capital Limited.Tel: 020 7936 5200Christian Dennis, Orbis Equity Partners Limited.Tel: 020 3178 3977-Table 1
Kryso Resources plc - Pakrut gold project
Assay results from SGS Lakefield laboratory, South Africa
BHID From To Interval Grade (m) (m) (m) (g/t Au) Ore Zone 1 PKDD-78 104.5 228.2 123.7 6.14 (incl. from 142.2, 86m @ 8.48 g/t Au) Ore Zone 3 PKDD-79 32.9 40 7.10 0.79 Ore Zone 7 PKDD-80 92.8 115.3 22.5 0.92
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