Name: Pakrut mine.

Location: The Pakrut mine project is located in the Vahdat region, in Tajikistan.

Controlling Company: Kryso Resources.

Brief History: In 2004, Pakrut LLC, a wholly owned subsidiary of Kryso, was granted an exploration and trial mining licence for 300 000 t/y of ore from the Pakrut licence area, which comprises Pakrut, Eastern Pakrut and the surrounding 63 km2 containing several other mineral deposits and potential occurrences. In November 2011, Pakrut LLC was granted mining rights in Tajikistan, which comprises the Pakrut and Eastern Pakrut deposits. In January 2012, the Ministry of Energy and Industry of Tajikistan formally announced the issuance of a mining licence to Pakrut LLC for the Pakrut project. The mining licence is valid until November 2030 and the amount of ore that can be mined depends on the mine plan.

Brief Description: The mine plan, submitted to the Tajikistan Ministry of Energy and Industry, envisages an initial processing capacity of 660 000 t/y of ore, increasing to 1.32-million tons a year from 2017.

Mining Method: Two main mining methods are proposed – upward horizontal slice cut-and-fill stoping and section cut-and-dry-fill open stoping.

Products: Gold.

Major Infrastructure and Equipment: Ore will be transported using an ore pass and transported by vehicle through the main ramp.

The mine plans to use centralised ventilation, air intake and return shafts, arranged in the form of a single-wing diagonal system.

The mine will include a 4 000 t/d processing plant, which is to be completed in two phases using closed-circuit crushing and ball milling.

Geology/Mineralisation: The Pakrut deposit is located in the axial zone and on the southern slopes of the Hissar range, one of the most geologically complicated parts of central Tajikistan and which tectonically belongs to the Zeravshan-Hissar structural-facial zone of southern Tien-Shan.

Reserves: Total proven and probable reserves as at February 28 were 18.51-million tonnes, grading 3 g/t gold.

Resources: Total resources as at February 28 were 18.57-million tonnes of measured resource averaging 3.16 g/t gold, about 10.02- million tonnes indicated resource averaging 2.05 g/t gold and about 41.19-million tonnes of inferred resource averaging 1.64 g/t gold, at a cutoff grade of 0.5 g/t gold.

Prospects: Another exploration target for the Pakrut project is the Rufigar deposit, which is located about 8 km to the north of Pakrut and is hosted in the Ordovician greenschist. The deposit comprises four separate mineralised zones and/or occurrences. Though the data is insufficient to allow for a mineral resource estimate, geological interpretations, based on the findings of 12 diamond drillholes, 26 adit tunnels and 103 trench samples, reveal positive gold and silver mineralisation in the area.

Further, four mineralised zones have been identified in the Sulfidnoye area. Despite insufficient exploration work to allow for a resource estimate, it is believed that the exploration potential to discover gold/silver deposits in the area is good.

Contact Person: MD Craig Brown.

Contact Details:
Kryso Resources,
tel +44 20 7349 9160,
fax +44 20 7352 6919,
email info@kryso.com, and website http://kryso.com.