Last checked at 18 Feb 2013 07:00
Kryso Resources Plc
('Kryso' or 'the Company')
AIM: KYS
UPDATE ON CONSTRUCTION OF PAKRUT GOLD PROJECT
Kryso Resources Plc (AIM: KYS), the mineral exploration and development company developing the Pakrut gold project in Tajikistan ("Pakrut"), advises that further to previous announcements, construction of the underground mine and associated infrastructure at Pakrut is not now expected to be completed by March 2014 as previously scheduled.
Construction operations at Pakrut, which are in their early stages, are ongoing but delays have been experienced. The Company retains full confidence in the project construction and potential and will advise a new target date for the completion of construction and commencement of gold production at Pakrut in due course.
For further information please visit the Company's website (www.kryso.com)or contact:
Kryso Resources PlcCraig Brown, Managing DirectorTel: +44 (0) 20 7349 9160
Investec Bank PlcJeremy Ellis, Chris Sim, Neil ElliotTel: +44 (0) 20 7597 5970
XCAP Securities PlcJon BellissTel: +44 (0) 20 7101 7070
Walbrook PRPaul CorneliusTel: +44 (0) 20 7933 8794
About the Pakrut Gold Project
The Pakrut Gold Project, of which Kryso has 100% ownership, is situated in Tajikistan approximately 112km northeast of the capital city Dushanbe. The Pakrut Gold Project has estimated total JORC compliant resources of 5,020,000 oz Au (assuming a cut-off grade of 0.5 g/t Au) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and western China, and hosts a number of multi-million ounce gold deposits.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States 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.
Kryso Resources
Copyright Business Wire 2013