25 May 2012

Resource boost for Kryso

15/04/2011 Robert Tyerman

Kryso Resources (KYS) says drilling has lifted its formal gold estimate at Pakrut in Tajikistan 54 per cent to 1.9 million oz. That is the figure produced by independent consultant Snowden for the measured and indicated resource at AIM-quoted Kryso's Pakrut and Eastern Pakrut gold prospects in the Tien Shan gold belt traversing the central Asian country.

Eastern Pakrut showed the larger resource increase, of 369,000 oz or 354 per cent, which Kryso's managing director Craig Brown says 'demonstrates the considerable potential of this resource,' where the average grade so far is a modest 2.37 grammes of gold per tonne of ore. The company cites a total estimated mineral resource at Pakrut, beyond the formal measured and indicated total, of nearly 3.6 million oz of gold. 

Floated at 10p seven years ago and highlighted by Growth Company Investor at 6p in 2009, Kryso shares have traded between 9.25p and 19.5p over the past year and now stand at 15.88p. They should go further if drilling results continue favourable, unless gold loses its lustre.

   

Tags: AIM, Craig Brown, Gold, Tajikistan

Sector: Mining

Companies: Kryso Resources

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