Sign up Australia
Proactive Investors - Run By Investors For Investors

Central Asia Resources hits shallow gold including 15m at 8.1g/t in Kazakhstan

Central Asia Resources hits shallow gold including 15m at 8.1g/t in Kazakhstan

With a current gold inventory of 1.2 million ounces, Central Asia Resources (ASX: CVR) is poised to increase this resource base with some positive shallow gold hits from the latest 61 hole reverse circulation drilling campaign at Dalabai.

Gold production at Dalabai is now targeted for 2011, with a forecast annualised production of around 20,000 ounces of gold and around 100,000 ounces of silver.

Gold hit highlights from surface include:

- 15m @ 8.1g/t from surface;
- 61m @ 1.30g/t from surface; and
- 28m @ 1.33g/t from surface.

Shallow gold hit highlights include:

- 11m @ 2.27g/t from 23m;
- 13m @ 5.09g/t from 7m; and
- 8m @ 3.93g/t from 22m.

Central Asia has commissioned a revised resource with Micromine, with results expected next month.

The company’s project areas are close to Almaty, the largest city in Kazakhstan and has well established road, rail and telecommunications infrastructure.

View full CVR profile View Profile

Central Asia Resources Timeline

Related Articles

1527068084_shutterstock_102742847.jpg
May 23 2018
Chaarat's bold bid for the Kumtor mine is the first of many potential deals
1522843655_shutterstock_102742847.jpg
April 04 2018
BAM East will be the focus in 2018, after Landore completed a £3.15mln funding
1511784968_shutterstock_249210421-(1).jpg
June 21 2018
The company's key operations are located in South Africa, Ghana and Kenya.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use