Kryso Resources plc is an AIM-listed mineral exploration and development company focused on projects in Tajikistan.

Kryso’s primary goal is to bring the Pakrut gold project, of which it has 100% ownership, into production. The Beijing General Research Institute of Mining of Mining and Metallurgy (BGRIMM) completed a Bankable Feasibility Study on the Pakrut Gold Deposit in October 2010.

Total JORC Code-compliant resources of 3,578,000oz Au, assuming a 0.0g/t cut-off grade, have been defined at the Pakrut gold project. The Pakrut deposit remains open and is expected to yield further JORC Code-compliant resources over time.

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 15 December 2008. This approval gives Kryso the exclusive right to a full mining licence valid for 20 years.

In June 2006, Kryso was 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.

The directors of Kryso have a track record of operating successfully in Tajikistan and believe Kryso to have been the first foreign company to obtain 100% ownership of a mining and exploration project in Tajikistan.

Pakrut Gold Project

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. Pakrut is located northeast of the capital city of Tajikistan, Dushanbe, from which it can be accessed in around three and a half hours by road.

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 15 December 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. BGRIMM is a highly reputable Chinese consulting group active in the fields of mining engineering, mineral processing and metallurgy, and has completed substantial work for well known international companies including Kazakhmys, El Dorado Gold, SinoGold, ArcelorMittal and Griffin Mining. BGRIMM is ISO9000 certified.

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 kilometres of the main Pakrut gold deposit. These are the Eastern Pakrut gold deposit, the Sulfidnoye gold and silver prospect and the Rufigar prospect. For more information on the Sulfidnoye and Rufigar prospects please see the Pakrut Satellite Prospects section of the website.

For more information regarding the Pakrut Gold Project, please click here.

Hukas Ni-Cu-Co-PGM Project

Pakrut and Eastern Pakrut Deposits

The Hukas Ni-Cu-Co-PGM project is contained with Kryso’s Gishun Licence Area, which is located in central Tajikistan approximately 325km from the capital city Dushanbe. Kryso was granted a seven year exploration licence over the Gishun Licence Area in June 2006, and has 100% ownership of the licence.

At Hukas an exposed, partially oxidized, lens-like body of sulphide mineralization was identified as early as 1932, although it was not until the 1960s that further indications of nickel, copper and cobalt mineralization were discovered in the area.

During the Soviet era, the outcrop was trenched and several holes were drilled into its expected extension. Analysis of the resulting samples returned excellent average grades of 2.86% Ni, 1.26% Cu, 0.084% Co and 2.3g/t PGM. Further exploration between 1973 and 1990 identified additional mineralization nearby, and one drill hole intersected a 2.85m zone of sulphide mineralization at approximately 100m depth. After a detailed geophysical survey was carried out a second hole was drilled 80m away. This hole, which was located 500m to the east of the outcrop, intersected 2.2m of mineralization with grades of 1.43% Ni, 0.88% Cu and 0.088% Co. However Soviet funding for geological exploration in Tajikistan came to an abrupt halt in 1990 and as a result no further drilling was carried out.

Exploration by Kryso

In 2006, Kryso excavated three cuts across the outcrop at Hukas. Analysis of samples returned encouraging grades of 1.03-1.57% Ni and 0.62-1.21% Cu over true widths of 2-6.7m.

During August and September 2007, LOGANTEK, a geophysical services company contracted by Kryso, carried out a TEM geophysical survey at Hukas.

The TEM survey consisted of 22km of fixed loop surveying from which three significant TEM conductivity anomalies were identified. The conductors correlate with gabbro-norites, which are known to host the nickel-copper sulphide mineralization in the area.

An extensive anomaly was identified approximately 400m to the north of the exposed mineralized lens. Two more anomalies were identified close to the Mandara stream, located a few kilometres to the north within Kryso’s exploration licence.

For more information regarding the Hukas Ni-Cu-Co-PGM Project, please click here.