Shambesai oxide resource boosted 40%

摘要

A SUCCESSFUL drilling program at Manas Resources' Shambesai Gold Project in the supportive mining district of the south of the Kyrgyz Republic has resulted in a 40% increase in the gold oxide resource to 460,000 ounces. The significance of the 40% boost is the ease of gold extraction at a low cost, which will provide early cash flows for Manas when the company starts gold production at the end of 2012. The high grade oxide component from the surface is 2.7 million tonnes @ 3.6 grams/tonne gold for 300,000 indicated and inferred ounces. The boost is not just for the oxide, with the Shambesai resource upgraded to 11.6 million tonnes @ 2.1 grams/tonne for 766,000 ounces, with 60% classified as oxides. Another major plus for Manas is when the Shambesai resource is combined with the nearby Obdilla resource, the company then has a global indicated and inferred resource of 1.25 million ounces within a 4km radius.