China Nonferr Regulatory News (CNG)

25 Sep 2006 07:00

For release 7.00am 25 September 2006 Kryso Resources plc (KYS.L - AIM) Drilling Report Kryso Resources plc ("Kryso" or "the Company"), with gold and nickel-copperproperties in Tajikistan, is pleased to announce further drilling results fromits exploration programme at its 100% owned Pakrut Gold Deposit ("Pakrut")located in the Tien Shan Fold Belt in the Republic of Tajikistan. The Tien ShanFold Belt hosts the world-class Muruntau, Kumtor, Amantaytau gold mines as wellas the nearby Jilau gold mine.The gold deposit at Pakrut consists of steeply-dipping, metasomatised andfolded mineralised bodies hosted in chloritic schists. The following resultsare from diamond drill core samples, were assayed by SGS Lakefield in SouthAfrica apart from diamond drill hole PKDD-23 which was assayed by AngloAmerican Research Laboratories in South Africa, and are mostly from amineralised domain known locally as Zone 2.Table 1 summarises the significant diamond drill hole intersections. Thehighlights include 40m @ 8.56 g/t Au (including 16m @ 16.94 g/t Au), 54m @ 2.06g/t Au (incl. 17m @ 4.68 g/t Au), 41m @ 2.43 g/t Au (including 26m @ 3.23 g/tAu), 33m @ 3.69 g/t Au, 3m @ 22.01 g/t Au and 12m @ 2.64 g/t Au (6m @ 4.3 g/tAu).Kryso's three diamond drill rigs at Pakrut are working from both surface andunderground to further delineate the resource. Most of the mineralised zonesdrilled to date are still open at depth and the eastern part of the deposit,known as Zone 1 has mostly been drilled out between the surface and adit level.The samples for these drill holes are currently being processed in theCompany's laboratories. Drilling is planned to continue into the new year tomeet Kryso's objectives.Kryso is becoming increasingly confident, because of the Soviet data and theexcellent drilling results achieved to date, that its stated exploration targetto delineate a deposit containing 1 million ounces of contained gold, isachievable. Any resource estimated by or for Kryso will be reported in a mannersuitable for reporting under the JORC Code.Kryso Resources Managing Director, Vassilios Carellas commented:"This is an excellent and very encouraging set of results, with grades andthicknesses significantly exceeding those reported in April from our firstphase of drilling. Furthermore, they reinforce our confidence in the Company'srevised geological and structural interpretation and in Pakrut's potential tobecome the next significant gold mine in the prolific Tien Shan gold belt."Kryso believes that by the end of 2006, sufficient open pit and undergroundresources will have been delineated for the feasibility study to go ahead. Thisis expected to be completed by the end of the 2nd Quarter 2007 with a view tobringing Pakrut into production in 2008.All the exploration results have been approved for release by Dr TrevorDavenport, B.Sc, M.Sc, Ph.D, MIMM, C.Eng, Chairman of Kryso. Trevor has morethan 30 years experience in the exploration and mining industry and hasconsented to the inclusion of the material in the form and context in which itappears.ENDSwww.kryso.comNotes to EditorsThe Pakrut Licence Area lies within the southern portion of the Tien Shan FoldBelt, a belt of folded rocks that extends from near the Aral Sea in Uzbekistanthrough the northern part of Tajikistan into China and then Mongolia. The areasurrounding the Pakrut Licence Area is located on the southern side of theHissar mountain range of Central Tajikistan.Exploration by the Soviets outlined a C2 and P1 gold resource of 1,033,000ounces contained primarily in three main mineralised zones. Soviet explorationconsisted mostly of extensive underground development with over 6,000 metresdeveloped on one level. In addition over 4,500 metres of drilling was carriedout on the prospect.Kryso has an in-house sample preparation and assaying laboratory, providing itwith access to quick turn-around for assays. This laboratory has alreadyreceived accreditation from the Tajik State Standards Committee. This placesKryso in a pre-eminent position in the region.Table 1. Core Analyses from International LaboratoriesBore Hole From To Interval Grade Number (m) (m) (m) (Au g/t) PKDD-13 15 16 1 4.46 23 26 3 0.95 38 47 9 3.78 incl. from 43m, 3m @ 10.03 g/t Au PKDD-14 53.5 57 3.5 1.18 95 99 4 1.03 104 107 3 0.74 116 118 2 9.74 126 128 2 3.14 PKDD-15 33 34 1 3.5 40 67 27 1.84 incl. from 43m, 14m @ 2.7 g/t Au PKDD-16 47 58 11 1.45 incl. from 51m, 3m @ 2.97 g/t Au 65 75 10 2.44 incl. from 67m, 8m @ 2.87 g/t Au 101.5 107.5 6 1.07 PKDD-17 65 78 13 2.05 incl. from 69m, 4.5m @ 4.06 g/t Au 89 99 10 1.56 114 119 5 7.02 122 130 8 1.08 149.5 167.5 18 0.85 PKDD-18 72 74 2 1.24 94 97 3 22.01 110 125 15 0.86 138 145 7 1.25 PKDD-19 56 110 54 2.06 incl. from 82m, 17m @ 4.68 g/t Au 117 120 3 0.57 PKDD-20 32 35 3 0.97 40 42 2 3.25 51 54 3 0.58 57 69 12 2.64 incl. from 63m, 6m @ 4.3 g/t Au 83 105 22 1.3 incl. from 85m, 14m @ 1.61 g/t Au PKDD-21 73 79 6 3.43 incl. from 73m, 3m @ 6.02 g/t Au 85 126 41 2.43 incl. from 86m, 26m @ 3.23 g/t Au 139 143 4 1.24 PKDD-22 66 69 3 7.65 78 111 33 3.69 PKDD-23 25 34 9 0.82 38 78 40 8.56 incl. from 57m, 16m @ 16.94 g/t Au 82 88 6 0.71 PKDD-24 No significant intersections PKDD-25 53 63.5 10.5 1.3 68 71 3 1.25 114 127 13 1.33 incl.from 115m, 2.6m @ 4.49 g/t AuFor further information please contact:Kryso Resources plc.Dr. Trevor Davenport, ChairmanTelephone 01481 822 972Vassilios Carellas, Managing DirectorMobile 07970 756352Hichens, Harrison & CoDave PaxtonTelephone 020 7382 7785Ruegg & Co LimitedBrett MillerTelephone 020 7584 3663Adventis Financial PRPeter Binns / Chris Steele020 7034 4760 / 020 7034 475907768 392 582 / 07979 604 687ENDKRYSO RESOURCES PLC