Kentor Gold – Exploration Results for Bashkol Licence Area, Kyrgyz Republic

Kentor Gold have released two announcements on the Bashkkol Licence Area and Bekbulaktor Gold Prospect (situated within the Bashkol Licence area) over the last two days. As a result I am going to combine my analysis into the one post.

Firstly I will focus on the Bekbulaktor Gold Prospect where channel sampling returned high grade gold and copper results. This zone of mineralised granite was originally studied in 2009 and 2010 field seasons (access is restricted by snow in winter months). It had however fallen off my radar (and the general markets) due to the focus on Andash and the Burnakura Gold Project. The results included:

Central Zone

·         37 m @ 3.65 g/t Au

·         24 m @ 1.72 g/t Au

·         13 m @ 4.90 g/t Au

·         8 m @ 5.65 g/t Au and 0.6% Cu

·         20 m @ 2.54 g/t Au

Eastern Zone

·         10 m @ 2.53 g/t Au

Northern Zone

·         11.5 m @ 2.83 g/t AU and 0.13% cu

·         15 m @ 1.51 g/t Au and 0.1% Cu

·         10 m @ 2.77 g/t Au and 0.43% Cu

Western Zone

·         12 m @ 14.07 g/t Au and 1.83% Cu

Based on these encouraging results Kentor Gold now plans to undertake a drilling program in 2012 with the view to establishing a gold-copper resource.

To the south of the Bekbulaktor Prospect is the remaining area of the Baskol Licence Area where a reconnaissance program comprising geological traverses, chip sampling and one channel sample took place. The most encouraging results from the reconnaissance exercise included:

·    A continuous channel sample reporting 14 m @ 5.75 g/t Au, 1.03% Cu and 97 g/t Ag in the valley of the Molo Stream.

·    Widespread presence of Gold and Copper in mineralised granite in numerous locations between Bekbulaktor and Sharkratma, a distance of 15 kms.

A geological and geophysical program will take place next year to identify drill targets which are complementary to the developments at the Bekbulaktor prospect.

Now obviously this project is a fair way down the list when it comes to the project development pipeline for Kentor Gold and there is still a long way to go in term of defining a resource, conducting environmental studies and feasibilities before we can even talk about the potential of a mine, but it is good to see that Kentor Gold’s determination to succeed in Kyrgyzstan may be rewarded in more ways than one (i.e. in addition to the Andash Project).

If next year’s drilling is able to define a resource that warrants further exploration and consideration then we may have another project to add to the list in 4 or 5 years time. Until then I do not expect this announcement to generate much buying support as there is still uncertainty over the Andash Project and much more exciting news on the Australian operations due shortly.