Kryso Resources (AIM:KYS) reported intersections including 42m @ 11.17g/t Au, 50m @ 5.67g/t Au, and 41.5m @ 4.08g/t Au, from Zone 1 at the 100% Kryso owned Pakrut prospect. The drilling targeted zones 150-200m below an existing adit (passage) and the results indicate that mineralization at Ore Zone 1 increases in width and grade as it deepens. The mineralization is still open at depth to the east and north. The drilling results released today and those generated in future will be used to update the existing JORC-compliant resource estimate.
Kryso Resources' MD, Vassilios Carellas commented "We are delighted with the quality of the drill results being received from Pakrut. Not only are the grades extremely encouraging, but also the mineralization appears be trending into an as yet untested area, which raises the prospect of a significant extension to the deposit. This would naturally have a positive effect on the project's overall resource base and would consequently bolster the economic case for the planned mining operation at Pakrut. We will release further results from ongoing drilling as and when they are obtained."
Shares in Kryso rose 1.0p (7.4%) to 14.5 pence on the news.