Central Asia announces maiden resource

07 April 2008 | 03:26 Code : 17031 Geoscience events
Australian resources company, Central Asia Resources has announced a maiden...

  Australian resources company, Central Asia Resources has announced a maiden Inferred Resource of 5,410,000 tonnes grading 1.65 g/t Au for 287,000 ounces of contained gold for the Altyntas gold prospect in Kazakhstan.The estimate is based on the results of Central Asia’s drilling and sampling campaign, which extended the previously defined mineralised zones, discovered new mineralised zones and validated historical sampling data from Soviet exploration programs.“Little was known about the Altyntas prosect when we began the recent drilling program, and our success here is attributable to the efforts of our exploration team in Kazakhstan,” Central Asia’s CEO, Jason Stirbinskis said.“We have announced some strong hits and the discovery of new mineralised zones earlier this year and the prospect remains open along strike and at depth. These results highlight the potential for Altyntas to be a large tonnage gold deposit,” he said.Mineralisation at Altyntas occurs from surface and is considered amenable to open pit mining methods. Three diamond drill rigs remain allocated to the prospect to continue to develop the extent of the mineralised area. “We have traced the mineralisation for 1,800m of strike length; however, this resource estimate only includes 1,000m of strike. We expect infill drilling and further exploration will add to this Resource throughout 2008,” Mr Stirbinskis said.

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