DUSHANBE, December 4, 2011, Asia-Plus  -- The British mineral exploration and development company, Kryso Resources plc, will begin development of the Pakrut gold deposit in 2012, Azim Ibrohim, the head of the main Geology Directorate under the Government of Tajikistan, said in an interview with Asia-Plus.

According to him, specialists from Kryso Resources plc and South-Tajik Exploration Expedition (Tajikistan) jointly conducted exploration work at the Pakrut gold deposit, which is located in the Vahdat district, from 2005 to 2008.

“LLC Pakrut conducted an intensive work – drifting, drilling and lab survey,” noted Tajik chief geologist.  “The findings show that the Pakrut deposit has possible gold reserves of 28.1 tons in its upper horizons, while the lower horizons have possible gold reserves of 72 tons.”

Kryso Resources plc has spent 11.6 million U.S. dollars for exploration work, Ibrohim said.

He further added that the company had carried out a certain pre-project work and planned to complete construction of processing plant and deliver gold-mining equipment.

Meanwhile, the Ministry of Energy and Industries (MoEI) says the issue of granting license to Kryso resources for the Pakrut deposit is allegedly still being solved.  

According to information posted on Kryso’s website, the Pakrut gold project lies within the southern portion of the Tien Shan Fold Belt, a belt of folded rocks that extends from near the Aral Sea in Uzbekistan through the northern part of Tajikistan into China and then into Mongolia. 

LLC Pakrut, a wholly owned subsidiary of Kryso, was granted an exploration and trial mining licence over the Pakrut Licence Area, which comprises the Pakrut and Eastern Pakrut gold deposits and a surrounding 6,300 hectare exploration area containing a number of other deposits and mineral occurrences, in April 2004.  This licence is valid until 1 April 2014.  The Pakrut Licence Area is located within the Tien-Shan Fold Belt, which contains the world’s second largest known gold resources after the Witwatersrand in South Africa.

The reserves of the Pakrut project, which total 1,257,454oz Au at a cut off grade of 0.5g/t (under the Russian classification system), were approved by the State Committee for Reserves (GKZ) of the Republic of Tajikistan on December 15, 2008. This approval gives Kryso the exclusive right to a full mining licence valid for 20 years.

A bankable feasibility study on the Pakrut Gold deposit has been completed, and the results of continuing exploration and resource development drilling by Kryso have been highly encouraging.

Kryso appointed the Beijing General Research Institute of Mining & Metallurgy (BGRIMM) to complete the Pakrut gold project bankable feasibility study.  

In completing the Pakrut project BFS BGRIMM built on work previously completed by other consultants to Kryso including GeoLogix Mineral Resource Consultants (resources), GBM Minerals Engineering Consultants (metallurgical test work review and preliminary process design), Prime Resources (social and environmental), Scott Wilson Group (tailings dam design), SGS Group (metallurgical test work) and Turgis Mining Consultants (mining and infrastructure).

There are three additional mineralized systems within five kilometers of the main Pakrut gold deposit. These are the Eastern Pakrut gold deposit, the Sulfidnoye gold and silver prospect and the Rufigar prospect.

In June 2006, Kryso was reportedly awarded a seven year licence to explore the Gishun Licence Area, which contains the Hukas nickel-copper-cobalt-PGM project.  During 2007 a TEM geophysical survey was carried out at Hukas, identifying promising anomalies on which Kryso has commenced further work, including drilling.  Kryso has 100% ownership of the Hukas project.

Kryso is an emerging mineral exploration company that is principally focused on exploring the gold and other precious metals deposits previously discovered in Central Asia during the era of the Soviet Union era and then, where appropriate, bringing them into production. Kryso, which has its head office in London, is a public company that is seeking admission to AIM in order to continue funding the development of the Pakrut Gold Deposit, further exploration at the Pakrut Licensed 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.