April 2, 2012
Kryso Resources plc announced new drilling results for PAKRUT, Tajikistan.
December 22, 2008
Kryso announced Pakrut reserves and resources were approved by Tajik State Committee for Reserves. Total reserves and resources at Pakrut under Russian classification system increased to 2,055,047oz of gold. Recent drilling confirms Pakrut deposit still open at depth. Kryso has received several proposals for the financing and development of Pakrut.
The Pakrut reserves and resources have been approved on the basis of cut-off grades of 0.5 grams per tonne gold (g/t), 1.0g/t, and 1.5g/t. Using a 0.5g/t cut-off grade, the approved C1+C2+P1 gold resource is 2,055,047oz at an average grade of 2.44g/t which includes an approved C1+C2 reserve of 1,257,454oz at an average grade of 2.62g/t. If a 1.5g/t cut-off is used, the approved C1+C2+P1 resource is 1,664,212.7oz at an average grade of 3.98g/t, while the approved C1+C2 reserve is 1,036,479oz at an average grade of 3.99g/t. Tajikistan uses the Russian classification system for reserves and resources which differs from the JORC Code. The Russian C1, C2 and P1 categories can respectively be considered broadly similar to the JORC proved or probable reserve, indicated resource and inferred resource categories.
July 7, 2008
Favourable drill results were reported from Ore Zone 1. Highlights include: - 123.7m @ 6.14 g/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.