25 May 2012

Kryso claims one million oz gold

20/11/2007 Robert Tyerman

Tajikistan-focused Kryso Resources says independent consultants confirm a one million-plus gold resource at its Pakrut project.

According to Kryso, GeoLogix Mineral Resource Consultants has completed a statement of measured, indicated and inferred resources of one million oz of gold at a comparatively low grade of 2.18 grammes of gold per tonne of ore at a cut-off of 0.5 grammes a tonne. This represents a 77 per cent increase on previous estimates.

The estimated measured, indicated and inferred gold resource at a three-gramme per tonne cut-off is 441,000 oz. The firmer measured resource is 749,669 oz at a 0.5 cut-off and 371,307 oz at a three-gramme cut-off.

Recommended by Growth Company Investor at 8.75p a year ago, Kryso shares, which had fallen from 17.25p three years ago to 7.75p in 2006, have rebounded to 14.75p, up 0.75p today, valuing the company at £12.1 million.

They could have further to go.


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Sector: Mining

Companies: Kryso Resources

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