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Monday, 25th September 2006 (3079 views)

A gold mining company listed on London's Alternative Investment Market, Kryso Resources, has reported drilling results from its Pakrut gold deposit.

The site is located in Tajikistan and is wholly owned by the company itself.

Pakrut has been the subject of exploration drilling for several months and Kryso hopes to secure its interest in the deposit as it sees it as having great potential to emerge as the next significant mine in the Tien Shan gold belt that it is part of.

The company's managing director Vassilios Carellas commented: "This is an excellent and very encouraging set of results, with grades and thicknesses significantly exceeding those reported in April from our first phase of drilling."

Mr Carellas also noted that a feasibility study was set to be completed by the middle of next year and that production of gold from the site should be up and running in 2008.

 

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