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KYRGYZ REPUBLIC – Mineralization at depth

Kentor Gold continues to increase the Savoyardy Gold Project’s potential with drilling resulting in high grade intersections some 70 metres below the level of the existing mining drive.
The underground drilling is taking place on Section 2a and one diamond drill hole returned an intersection of 3.1 metres @ 9.83 grams/tonne gold at a depth of 70 metres down hole. This is consistent with another intersection of 2.95 metres @ 7.5 grams/tonne at a depth of 82 metres down hole from a different hole on Section 2a.
The surface and underground diamond drilling program started in July with the aim of extending and upgrading the existing resource. Extensive underground access is available from exploration work carried out in the 1970s.
The drill rigs on site have now completed the 9-hole surface drilling program, the 7-hole underground drilling program, and a follow-up surface drilling program of 6 drill holes.
Kentor’s managing director Simon Milroy says: “The underground drilling program has been successful in providing evidence that the high grade mineralization at Savoyardy’s Rudny Prospect continues with depth, increasing expectations that a substantial mining operation can be supported.”
Savoyardy is about 145km south-east of the city of Osh in the Kyrgyz Republic. The project is also adjacent to and along strike from the Sawayerdun Project in the Xinjiang Province of China. Majestic Gold has announced a resource of 1.5 million ounces of gold from the results to date and Canadian listed GobiMin has recently announced its commitment to farm into the project.
Exploration trenches and adits constructed at Savoyardy in the 1970s show the presence of high grade gold and antimony contained in a number of structures with widths of up to 27 metres. The mineralized structures can be traced for more than 7km to the south-west along strike where it meets the Savoyardy exploration licence at the Chinese border.




From the Editor

There has been plenty said about the push by Indonesia to gain more revenue from its mining industry – a push that has been costly for many in the industry as well as for mining investment. There is no doubt the resource nationalism quest has set the industry back, but it must be remembered that Indonesia is not alone in this regard.
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Legally Speaking

By Robert Milbourne and Anthony Nolan, of K&L Gates FROM its peak in 2011 to the beginning of 2016, the global mining sector experienced a wrenching 90% reduction in global market capitalization, accelerating with the rapid fall in commodity prices...
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