Last checked at 13 Nov 2007 07:00
Kryso Resources plc (`Kryso' or the `Company') AIM: KYS Encouraging Results from Pakrut Gold Project Drill Intersections
- Further outstanding intersections include 6.5m @ 37.97g/t Au and 30m @ 13.23g/t Au
- Resource update expected before the end of the month
13 November 2007: Kryso Resources plc, the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, is pleased to announce that further, highly encouraging, results have been received from diamond core drilling at its 100 per cent owned Pakrut gold project. The assays were carried out by internationally accredited laboratories in South Africa.
Highlights include the following intersections from Ore Zone 1:
6.5m @ 37.97g/t Au (including 1.5m @ 158g/t) from 132.7m
30m @ 13.23g/t Au (including 12.85m @ 29.07g/t) from 55.15m
For a full summary of results please see Table 1 at the end of this announcement.
The results announced today, which are from additional drilling to 150-200m below the existing adit level, support the interpreted trend of mineralization in the main Pakrut deposit, which remains open at depth and to the east and north.
These results, along with the results announced in June, will be used to update the existing JORC-compliant resource estimate for the main Pakrut deposit, which currently stands at 596,500 ounces.
The Company is currently utilising its drill rigs for a geotechnical drilling programme designed to investigate the underlying bedrock in the area of the proposed open pit and tailings dam, but intends to continue drilling the postulated extensions of the main Pakrut deposit during the winter months from underground, and to drill the deeper horizons from surface in the spring of next year.
Kryso Resources' Managing Director, Vassilios Carellas comments:
`These are exciting intersections from the diamond drill programme at Pakrut. The project continues to reward our exploration efforts, and these results bode well for the update to the JORC-compliant resource estimate for the main deposit, which we expect to be completed by the end of the month.'
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 5200
Stephen Clayson/Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020 7628 5518
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)Ore Zone 1PKDD-64 132.7 138.7 6 1.22 149.7 154.2 4.5 2.96 166.2 169.7 3.5 1.35PKDD-67 26.65 33 6.35 0.94 55.15 85.15 30 13.23 (incl. from 67.15m, 12.85m @ 29.07 g/t)PKDD-69 44 48 4 1.97 67.5 87 19.5 2.61 (incl. from 68.5m, 6.5m @ 5.7 g/t Au)PKDD-71 55.2 65.7 10.5 2.80 93.7 105.3 11.6 2.89PKDD-72 50.6 53.6 3 1PKDD-73 179.1 195.6 16.5 1.95PKDD-74 76.1 80.6 4.5 1.18 107.6 110.6 3 11.75PKDD-75 10.5 13.5 3 3.47 68 102.6 34.6 1.98 (incl. from 97.5m, 5.1m @ 7.24 g/t Au)PKDD-76 80.7 86.7 6 1.25 113.7 116.7 3 4.41 132.7 139.2 6.5 37.97 (incl. from 136.2m, 1.5m @ 158 g/t Au)Ore Zones 2 and 3PKDD-65 22.2 29.2 7 0.97 52 70.2 18.2 4.89 (incl. from 65.2, 3m @ 15.38 g/t Au)PKDD-66 57.7 73.2 15.5 1.97 77.2 92.2 15 4.25 (incl. from 79.2m, 6m @ 8.31 g/t Au)PKDD-68 46 48.5 2.5 2.31 64 70.8 6.8 0.92PKDD-70 67.2 76.2 9 4.53 (incl. from 67.2m, 5m @ 6.84 g/t Au)PKDD-77 43 46 3 1.36 54.6 61 6.4 1.70
KRYSO RESOURCES PLC