Senior Management Change
(Thomson Reuters ONE) -
Chaarat Gold Holdings Limited
("Chaarat" or "the Company")
Senior Management Change
Road Town, Tortola, British Virgin Islands (26 August 2011)
The Board of Chaarat announces that Mr. Benoit de Galbert, Chief Operating
Officer, has left the Company. Dekel Golan, Chief Executive, continues to lead
the operational team in Kyrgyzstan so as to ensure uninterrupted progress on the
construction of the Tulkubash Project.
Activities on site and in Bishkek are continuing and the project is progressing
satisfactorily. The Company will announce its half year report and provide the
market with a development update in September.
Chaarat has raised the funds and commenced construction of the maiden production
facility producing gold from the Tulkubash portion of the Chaarat deposit. The
Tulkubash benefits from open pit free milling ore.
The total resource estimate for the Chaarat Project now stands at 4.736 Moz, at
an average grade of 4.28 g/t.
Enquiries:
Chaarat Gold +44 (0)20 7499 2612
c/o Central Asia Services Limited
Dekel Golan - CEO dekel(at)chaarat.com
Linda Naylor - Finance Director linda.naylor(at)chaarat.com
Westhouse Securities Limited +44 (0)20 7601 6100
Tim Feather tim.feather(at)westhousesecurities.com
Richard Baty richard.baty(at)westhousesecurities.com
Bankside Consultants + 44 (0)20 7367 8888
Simon Rothschild simon.rothschild(at)bankside.com
Note to Editors:
About Chaarat Gold
Chaarat Gold is an exploration and development company operating in the Kyrgyz
Republic. The Company's main activity is the development of the Kiziltash and
Tulkubash projects situated within the Middle Tien Shan Mountains of Kyrgyzstan,
which form part of the Tien Shan gold belt. The Company has delineated a JORC
compliant mineral resource of 4.736Moz at a grade of 4.28g/t gold across both
projects. Chaarat's key objective is to become a low cost gold producer; with
initial production from the Tulkubash project, targeting increased production of
over 200,000 ounces per annum as the Kiziltash project comes on stream.
Further information is available atwww.chaarat.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE
[HUG#1541454]
Unternehmensinformation / Kurzprofil:
Datum: 26.08.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 59578
Anzahl Zeichen: 3312
contact information:
Town:
British Virgin Islands
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 188 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Senior Management Change"
steht unter der journalistisch-redaktionellen Verantwortung von
Chaarat Gold Holdings Ltd (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
