DUSHANBE, December 5 2012, Asia-Plus — The British mineral exploration and development company, Kryso Resources plc, has begun construction of a gold extraction factory at the Pakrut gold deposit and factory is expected to be finished by the end of 2013.
According to LLC Pakrut, a wholly owned subsidiary of Kryso, the initial capacity of the factory will be as much as 600,000 tons of ore and two tons of gold with associated production of silver. An estimated budget for construction of the factory is more than 25 million U.S. dollars, a source at LLC Pakrut said.
LLC Pakrut was granted an exploration and trial mining licence over the Pakrut Licence Area, which comprises the Pakrut and Eastern Pakrut gold deposits and a surrounding 6,300 hectare exploration area containing a number of other deposits and mineral occurrences, in April 2004. This licence is valid until 1 April 2014. There are three additional mineralized systems within five kilometers of the main Pakrut gold deposit. These are the Eastern Pakrut gold deposit, the Sulfidnoye gold and silver prospect and the Rufigar prospect.
We will recall that specialists from Kryso Resources plc and South-Tajik Exploration Expedition (Tajikistan) jointly conducted exploration work at the Pakrut gold deposit, which is located in the Vahdat district, from 2005 to 2008.
According to Azam Ibrohim, the head of the main Geology Directorate under the Government of Tajikistan, the findings show that the Pakrut deposit has possible gold reserves of 28.1 tons in its upper horizons, while the lower horizons have possible gold reserves of 72 tons.
Kryso is a mineral exploration company that is principally focused on exploring the gold and other precious metals deposits previously discovered in Central Asia during the era of the Soviet Union era and then, where appropriate, bringing them into production. Kryso, which has its head office in London, is a public company that is seeking admission to AIM in order to continue funding the development of the Pakrut Gold Deposit, further exploration at the Pakrut Licensed Area and to obtain and acquire other gold and base metal deposits in Tajikistan and elsewhere in Central Asia. The Group”s executive Directors and senior management are based in Dushanbe.
