Australia’s Kentor Gold said its diamond infill drilling programme at the Savoyardy gold project in the Kyrgyz Republic has encountered high grade gold intersections.
First assay results include 1.9m at 7.05g/t gold and 3.05m at 6.3g/t gold, just 20m below the lowest level included in the current resource estimate, the company said.
Kentor managing director Simon Milroy said he was pleased to get such strong indications that the Savoyardy Resource persists at depth.
“Any increase to the Savoyardy Resource will strengthen the economics of the planned development,” Milroy said.
Savoyardy is one of two high-grade, low cost gold mine developments being planned by Kentor in the Kyrgyz Republic, which is bordered by China and Kazakhstan.
Kentor plans to begin operations at Savoyardy, which is adjacent to and along strike from the Sawayerdun project in the Xinjiang Province of China, in 2010 with an initial annual rate of 10,000oz gold for at least three years.