Kryso Resources
Kryso Resources was admitted to the AIM in December 2004 to continue funding the development of the Pakrut Gold Deposit and acquire other gold and base metal deposits in Tajikistan and elsewhere in Central Asia. The Company's executive directors have a proven track record of operating in Tajikistan are the first foreign company to obtain a 100% interest in a mining and exploration project in the country. Pakrut is located in the Tien-Shan Belt - which has the second largest known gold resource after the Witwatersrand in South Africa.
Related news
- Kryso appoints Beijing General Research Institue of Mining & Metallurgy for Tajiki gold project
2009-08-11
Company Statement
Kryso Resources is an emerging mineral exploration company, established to explore and develop the wealth of mineral deposits available in Central Asia. The focus of the company's operations is to explore gold bearing and other precious and base metal deposits, previously discovered during the Soviet Union era and then, where appropriate, bring them into production.
Kryso, which has its head office in London, is a public company that was admitted to the AIM in December 2004 in order to continue funding the development of the Pakrut Gold Deposit, further explore the Pakrut Licence 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.
The Company's executive directors have a proven track record of operating in Tajikistan and they believe that Kryso Resources was the first foreign company to obtain a 100% interest in a mining and exploration project in the country.
In April 2004, LLC Pakrut, a wholly owned subsidiary of the Company, was granted a licence and geological lease to explore and exploit the Pakrut Licence Area which comprises the Pakrut gold deposit and the surrounding 6,300 hectare exploration area located in the metalliferous southern Tien-Shan Fold Belt. This belt is reputed to have the second largest known gold resource after the Witwatersrand in South Africa.
The Company is in the process of conducting a feasibility study to assess whether the Pakrut gold deposit can be developed into a producing mine and also intends to explore the already identified mineral deposits and areas of mineralization in the Pakrut Licence Area.
In June 2006 the Company was awarded an Exploration Licence for the Hukas Nickel-Copper deposit. During 2007 the Company carried out a TEM geophysical survey that identified several anomalies including a shallow conductor, over a kilometre in length, which the Company intends to start drilling in the second quarter of 2008.
Current Operations
GOLD
PAKRUT GOLD DEPOSIT
Geology and Mineralization
The Soviet interpretation of the geology and resources (see map below) was based on surface trenches, cut data and underground sampling from the cross-cuts and drives. There was little information between these two sets of data apart from a few drill holes.
The Company's drilling programme has assisted Kryso's Chief Geologist to review all the previous work and develop a revised geological and structural interpretation of the deposit. Rather than a single ore zone, the orebody is now interpreted as being made up of a series of sub-parallel, pinching and swelling, mineralized zones within the metasomatite (a rock that has been subjected to injections of chemically active hydrothermal solutions). Gold mineralization is mostly but not exclusively, confined to the metasomatically altered zones that occur within the schist host rocks. The drilling to date appears to confirm this revised theory.
Drilling highlights to date include: 42m @ 11.17g/t; 50m @ 5.67g/t; 41.4m @ 4.08g/t;
30m @ 13.32g/t; 6.5m @ 37.97g/t; 123m @ 6.16g/t. (Read More)
EASTERN PAKRUT
The Eastern Pakrut gold prospect is 3.5 km east of the Pakrut gold deposit and on the north side of the Pakrut Anticline and Pakrut River. It consists of schistose lithologies, which have been altered by gold-bearing carbonate-quartz-albite alteration. (Read More)
RUFIGAR
The Rufigar prospects are located on the southeastern side of the Kaltakul River 5 km to north of the Pakrut gold deposit. The Rufigar mineralization is a series of gold occurrences concentrated in a 5km section of the Rufigarsky fault zone. This mineralization can be sub-divided into four main occurrences: Central, Eastern, Upper and Surmyanoye (antimony and gold).
Mineralization
The mineralization at Central Rufigar occurs within four small alteration zones and has gold grades from trench samples ranging from 0.6g/t to 22.0g/t. The thickness of these zones ranges from several centimetres to several dozen metres with a strike length of between 15m and 45m. (Read More)
NICKEL
Gishun Licence Area
The Hukas Ni-Cu-Co-PGM Project
The Hukas project is located in the Darvaz area of the Mountainous Badhshan Autonomous region (Central Tajikistan) of the Republic of Tajikistan. The project area is connected to the capital city of Dushanbe by a 15km-unpaved road, followed by 311km tarmac road via the city of Kulyab.
In 2005, the potential for nickel, copper, cobalt and PGM (platinum-group-elements) mineralization in the Republic of Tajikistan was brought to the attention of the Company. The Company subsequently identified an area that had been discovered during the Soviet era, which had favourable host geology and structure for the presence of nickel-copper sulphide mineralization. The Company has since been granted an exploration licence for this area known as the Gishun Licence Area. (Read More)
Management
BOARD OF DIRECTORS
Trevor Davenport, B.Sc., M.Sc., Ph.D., M.I.M.M., C.Eng., (aged 67), Non-executive Chairman
Craig Brown, C.A., (aged 35), Finance Director
Abuali Ismatov, (aged 48), Executive Director
Andrew F de P Malim, (Aged 62), Non Executive Director
Ferdinand Dippenaar (Aged 47), Non Executive Director
Major Shareholders
Last updated 23 January 2009
Great Basin Gold
15,03%
Directors
27,07%
Cheuvrex
3,44%
Cawkwell S ESQ
3,07%
SPGP
3,04%
Others
48,35%
Contact Information
Head Office:
Kryso Resources plc
Unit 3H, Cooper House
2 Michael Road
London
SW6 2AD
Tel: +44 (0) 20 7371 0600
Fax: +44 (0) 20 7471 4600
Email: [email protected]
Operations:
LLC Pakrut
Dushanbe
Republic of Tajikistan
Tel: +992 372 231932
(Tajikistan is GMT + 5 hours)
Corporate Information
Nominated Adviser:
Ruegg & Co Limited
39 Cheval Place
London
SW7 1EW
Nominated Brokers:
Fox-Davies Capital
Whitefriars House
6 Carmelite Street
London
EC4Y 0BS
Orbis Equity Partners London
57-61 Mortimer Street
London
W1W 8HS
