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By Joe Hoppe
Chaarat Gold Holdings Ltd. stated Tuesday that the primary metallurgical take a look at on its Kyzyltash gold mission in Kyrgyzstan returned robust outcomes, confirming the gold is favorably recoverable.
The AIM-listed mining firm stated take a look at work has proven related first-stage recoveries from each pressure-oxidation and Albion technologies– a complicated course of to extract gold–as a part of its plan to find out the most effective processing route for the mission.
Bio-oxidation take a look at work is beneath method with outcomes anticipated within the third quarter, it stated.
The take a look at work might be analyzed from an financial perspective with the goal of constructing a remaining determination in 2023. Following this, the corporate plans to progress towards an up to date feasibility examine on the mission, it stated.
Chaarat stated important synergies exist between Kyzyltash and the construction-ready Tulkubash open-pit mission, which lies in the identical license space.
“On a mixed foundation these two tasks have the potential to grow to be a big long-life gold-producing hub with the potential for additional exploration upside,” Chief Govt Mike Fraser stated.
Write to Joe Hoppe at joseph.hoppe@wsj.com
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