Chaarat Gold Holdings says the definitive feasibility study for the Chaarat Gold Project in the Kyrgyz Republic is on schedule and on budget. The company says contractors have been selected to complete all components of the DFS.
Gustavson Associates will be project managers for the DFS as well as preparing the geology, mineral resource and mine design sections. Resource Development Inc has been appointed as metallurgical consultants and Golder Associates (UK) Ltd will provide the geotechnical, hydrological and environmental studies. GBM Minerals Engineering Consultants Limited will undertake the process and infrastructure engineering for the project as well as the study on logistics
The company says the DFS is on schedule for completion by the end of 2014 and on budget.
Chaarat Gold is an AIM listed an exploration and development company operating in the Kyrgyz Republic. Situated in the highly prospective Tien Shan gold belt, a JORC-compliant resource of 5.76 million ounces at a grade of 4.03 grams/tonne has been delineated at the Chaarat project.
The company’s key objective is to become a low-cost gold producer targeting annual production of 200,000 ounces from the development of the Chaarat project. It has several other promising prospects also located within the Kyrgyz Republic.