An additional gold exploration target has been established near the Andash Gold-Copper Project of Kentor Gold Limited (Kentor or the Company) in the Kyrgyz Republic, providing a further opportunity to extend the life of operations at Andash.
Independent consulting geologists Hellman & Schofield Pty Ltd (“H&S”) have now completed a review of exploration results of the Andash Zone 2 and Zone 3 prospects.
As a result, H&S have reported an Exploration Target* for Andash Zones 2 and 3 under the JORC Guidelines of 5 to 10 million tonnes of ore with a gold grade range of 1g/t to 1.5g/t.
The potential quantity and grade of the Exploration Target are conceptual in nature and there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource. Andash Zones 2 and 3 are situated less than one to one and a half kilometres west of the planned Andash Zone 1 open pit where Kentor has previously reported a Resource of 19.2 million tonnes grading 1.1 g/t gold and 0.4% copper and a Mining Reserve of 16 million tonnes containing 540,000 oz gold and 63,000 tonnes copper.
Andash Zones 2 and 3 are two of six zones being progressively evaluated in the area surrounding the Andash Zone 1 mining project, the others being Nahodka, Jerganak, Chonkyshto and Toktonysai (see Figure 1 below).
In addition, Kentor has entered into a Letter of Intent with regard to an exclusive option to acquire the Aktash gold-copper deposit where H&S have established an Exploration Target* of 2 to 5 million tonnes grading 2 to 3.5 g/t gold, 0.3 to 0.7% copper and 8 to 12 g/t silver. The Aktash deposit is located 8 km north-west of the planned Andash plant site (ASX Release 21 July 2010).
The potential quantity and grade of the Exploration Target are conceptual in nature and there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource.
Commenting on the result of the exploration review of Andash Zones 2 and 3, Kentor’s Managing Director Simon Milroy said:
“This thorough analysis of painstakingly collated historical data using state-of-the-art technology has defined an exploration target that could add 2 to 3 years’ life to the Andash operation if further work yields the results we expect.
“As we progress to the full-scale development of Andash, we know that we have the potential through exploration in several prospects in and around Andash of adding substantially to Reserves to expand and extend the mine life well beyond the initial six years.”
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