Award of Mining Permit
(Thomson Reuters ONE) -
Chaarat Gold Holdings Limited
("Chaarat" or "the Company")
Award of mining permit
Road Town, Tortola, British Virgin Islands (27 June 2012)
Chaarat (AIM-CGH), the gold exploration and development company operating in the
Kyrgyz Republic, is pleased to announce it has been awarded a mining permit for
its Tulkubash licence area. In March 2011 the Company raised the funds required
for the construction of the Tulkubash Project, which forms part of the Chaarat
Project.
The permitting process is described in the Tulkubash project update announced on
7 December 2011
(http://www.chaarat.com/files/20111207_Tulkubash_project_update_FINAL.pdf).
As reported on 16 April 2012, negotiations with the Kyrgyz Government about a
long term agreement continue and the directors remain confident of a positive
outcome.
Dekel Golan CEO of Chaarat commented: "We are delighted to report on the award
of the mining permit for the Tulkubash Project, which marks the achievement of
another significant milestone in our progress towards production in 2013."
Enquiries:
Chaarat Gold Holdings Limited +44 (0) 20 7499 2612
c/o Central Asia Services Limited
Dekel Golan CEO dekel(at)chaarat.com
Linda Naylor FD linda.naylor(at)chaarat.com
Numis Securities Limited +44 (0) 20 7260 1000
Alastair Stratton, Stuart Skinner (NOMAD)
James Black (Broker)
Bankside Consultants +44 (0) 20 7367 8888
Simon Rothschild simon.rothschild(at)bankside.com
Smith's Corporate Advisory +44 (0) 20 7601 6100
Dominic Palmer- Tomkinson tomkinson(at)smiths-ca.com
Note to Editors:
About Chaarat Gold
Chaarat Gold is an exploration and development company operating in the Kyrgyz
Republic. The Company's main activity is the development of the Chaarat Gold
Project situated within the Middle Tien Shan Mountains, which form part of the
Tien Shan gold belt. A JORC compliant mineral resource of 5.590Moz at a grade of
4.08g/t gold has been delineated at the Chaarat Gold Project. Chaarat's key
objective is to become a low cost gold producer; with initial production from
the Tulkubash project, targeting increased combined annual production of over
200,000 ounces as the full project comes on stream.
In addition to the Chaarat Gold Project, the Company has initiated an
exploration programme at Chontash, located in the Akshirak range of mountains of
the Kyrgyz Republic. A maiden resource for Chontash was compiled by Wardell
Armstrong International and announced in April 2011.
Further information is available at www.chaarat.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE
[HUG#1622148]
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Datum: 27.06.2012 - 02:00 Uhr
Sprache: Deutsch
News-ID 1128355
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