AI assistant
KGL RESOURCES LIMITED Capital/Financing Update 2006
65179_rns_2006-03-01_c5020497-fc21-4f72-8c1e-88dc55dbb32b.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
KENTOR GOLD LTD
ACN 082 RS8 080 Registered Office: Level 3, 15 Queen Street Melbourne Victoria 3000 www.kentorgold.com.au
Australia Suite 405 Level 4 Q Shenyard Road Toowong Queensland 4066 +61 (7) 3217 8708 Phone: Fax: +61 (7) 3217 8698 $E$ -mail: [email protected]
Kyrgyz Republic
2350 Prkindik Prosnect 720739 Bishkek +996 (312) 621 389 Phone +996 (312) 665 759 Fax: E-mail: [email protected]
MARKET RELEASE
2 March 2006
Kentor re-commences Diamond Drilling in Kyrgyz Republic
After a short winter break. Kentor Gold Limited ("Kentor") has recommenced field exploration for 2006 with the start of drilling at the lower altitude Uzunbulak project Following completion of (insert). two scout drill holes at Uzunbulak, the rig will return to the Akbel project to resume the drill program designed to test for multi million ounce Kumtor style targets.
Work undertaken at the Uzunbulak project during the 2005 field season (ref: ASX announcement 22 August 2005) identified four areas with highly encouraging porphyry copper-gold mineralisation (Figure 1). The current program, consisting of two diamond drill holes (350-450m total) is testing target zones "A" and "B" for potential to host a bulk tonnage copper-gold deposit.
Results will be reported as and when they become available.
Company Background: Kentor Gold Ltd is a listed Australian, (ASX code "KGL") specialist gold explorer focused on the highly prospective Tien Shan belt in the Kyrgyz Republic in Central Asia. Kentor is undertaking an aggressive gold exploration program around the Centerra owned Kumtor gold mine together with an active and successful project generation program elsewhere in the Kyrgyz Republic. For further information on Kentor visit www.kentorgold.com or contact:
| David Royle, F.AusIMM, CP | or | John Rawling |
|---|---|---|
| Managing Director | Company Secretary | |
| Ph: +61 3 9621 1344 | ||
| [email protected] |
Information in this report that relates to a statement of exploration results of the Company is based on information compiled by David Z Royle, BSc (Hons) (Geology). Mr Royle is Managing Director of Kentor Gold Ltd and has sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity undertaken. He is qualified as a competent person as defined in the 2004 Edition of the "Australasian Code for Reporting of Mineral Resources and Ore Reserves" (or "JORC Code").