Last checked at 16 Apr 2007 09:30
Kryso Resources plc AIM: KYS (`Kryso', `Kryso Resources' or `the Company') Kryso Resources to Start Geophysical Survey Next Month At Hukas Nickel-Copper Project, Tajikistan
- Objective is to confirm large nickel-copper sulphide anomaly
- Survey will also facilitate selection of drill targets
- Contractor appointed and on-site preparations begun
Kryso Resources plc, the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, is pleased to announce that LOGANTEK, a geophysical services company primarily active in Asia, has been selected to carry out the proposed geophysical survey at the Company's Hukas nickel-copper project in Tajikistan.
Representatives from LOGANTEK will travel to Tajikistan in early May on a reconnaissance visit, with a full ground-based electromagnetic survey taking place shortly thereafter.
The goals of the survey are to confirm the large Soviet-reported geophysical anomaly in the Hukas project area and to gain further understanding of the wider project area, within which there are numerous showings of nickel-copper sulphide mineralization. This is intended to enable the selection of targets for drilling later in the year.
Kryso Resources' Managing Director Vassilios Carellas, comments:
"We are extremely excited to be in a position, through the planned geophysical survey, to gain a more comprehensive understanding of the nickel-copper sulphide mineralization at Hukas. Deposits of this type are coveted by the mining industry, but are becoming harder to find.
As well as the electromagnetic survey, Kryso intends to carry out shallow diamond drilling in some parts of the Hukas project area, particularly where nickel-copper sulphide mineralization was identified by drilling in Soviet times.
These shallow holes are to be in addition to the drill programme scheduled for later in the year after the data from the electromagnetic survey have been interpreted and a range of drill targets selected in the light of the results."
A team of Kryso employees has commenced preparations on-site at Hukas, including the establishment of a camp, road development and bridge repairs. These preparations will support Kryso's full 2007 work programme at Hukas, which will also incorporate geological and topographical mapping, and 1500 metres of trenching and sampling.
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
KRYSO RESOURCES PLC