KYS: Kryso Resources: UPDATE ON CONSTRUCTION OF PAKRUT GOLD PROJECT
UK Regulatory Announcement
Kryso Resources Plc
(‘Kryso’ or ‘the Company’)
UPDATE ON CONSTRUCTION OF PAKRUT GOLD PROJECT
Kryso Resources Plc (AIM: KYS), the mineral exploration and development
company developing the Pakrut gold project in Tajikistan (“Pakrut”), advises
that further to previous announcements, construction of the underground mine
and associated infrastructure at Pakrut is not now expected to be completed by
March 2014 as previously scheduled.
Construction operations at Pakrut, which are in their early stages, are
ongoing but delays have been experienced. The Company retains full confidence
in the project construction and potential and will advise a new target date
for the completion of construction and commencement of gold production at
Pakrut in due course.
For further information please visit the Company’s website (www.kryso.com)
Kryso Resources Plc
Craig Brown, Managing Director
Tel: +44 (0) 20 7349 9160
Investec Bank Plc
Jeremy Ellis, Chris Sim, Neil Elliot
Tel: +44 (0) 20 7597 5970
XCAP Securities Plc
Tel: +44 (0) 20 7101 7070
Tel: +44 (0) 20 7933 8794
About the Pakrut Gold Project
The Pakrut Gold Project, of which Kryso has 100% ownership, is situated in
Tajikistan approximately 112km northeast of the capital city Dushanbe. The
Pakrut Gold Project has estimated total JORC compliant resources of 5,020,000
oz Au (assuming a cut-off grade of 0.5 g/t Au) and is located within the Tien
Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and
western China, and hosts a number of multi-million ounce gold deposits.
Tajikistan is a secular republic located in Central Asia. The country is a
member of the Commonwealth of Independent States and the Shanghai Cooperation
Organisation. Tajikistan hosts numerous operating precious metal mines as well
as the largest aluminium smelter in Central Asia. Kryso's management team has
extensive experience in the mining industry in Tajikistan.
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