Prospecting a New Gold District
Last updated 02.02.2009
Welcome to Chaarat Gold Holdings Ltd web site.
Chaarat Gold Holdings Ltd listed on London`s Alternative Investment Market (AIM) on 8 November 2007 with the ticker symbol CGH. The Company has a 100% interest in the 604 square kilometre Chaarat exploration licence, which covers an area of extensive gold mineralisation, within the Tien Shan Gold Belt, in western Kyrgyzstan. 28 gold occurrences along a 40km showing are known within the licence area. At the latest resource calculation in April 2008, in respect of the 2007 exploration season, the company had a JORC compliant gold resource of 3.14 million ounces at a grade of 4.41 g/t in eleven project areas within the licence. The split between the Indicated and Inferred categories is 2.2 million ounces and 0.9 million ounces.
The Company increased its drilling program from 10,393 metres in 2007 to 14,753 metres in 2008. The 2008 drilling program results published to date are summarised here and in further detail in the press releases section here. A further full resource calculation based on the 2008 program is anticipated in the early part of 2009.
The Company has an aggressive exploration programme to extend the resources within the four project areas, on which a Pre Feasibility Study is scheduled to complete in Q3 2009. The exploration programme will also include prospecting the additional 24 gold occurrences and numerous gold soil sample anomalies within the licence area.
Chaarat Gold Holdings Ltd successfully extended the terms of their licence, number Au 174-02, for a further two years from 1st January 2009 to 31st December 2010. The Licence extension applies to the entire 604 square kilometre property, as the Licence is not subject to any relinquishment requirements.
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