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.