Published: 16:30 CEST 30-06-2010 /Thomson Reuters /Source: Chaarat Gold Holdings Ltd /XLON: TICKER CGH /ISIN: VGG203461055
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Result of Annual General Meeting
Road Town, Tortola, British Virgin Islands (30 June 2010)
The Board of Chaarat is pleased to announce that at the Annual General Meeting held at 2.00pm today, all resolutions were duly passed.
Enquiries:
Chaarat Gold Holdings Ltd
c/o Central Asia Services Ltd
+44 (0) 20 7499 2612
Dekel Golan
dekel@chaarat.com
Linda Naylor
linda.naylor@chaarat.com
Westhouse Securities Limited
+44 (0) 20 7601 6100
Tim Feather
tim.feather@westhousesecurities.com
Richard Baty
richard.baty@westhousesecurities.com
Smith's Corporate Advisory
+44 (0) 20 7239 0140
Dominic Palmer-Tomkinson
tomkinson@smiths-ca.com
Conduit PR
+44 (0) 20 7429 6603
Jos Simson
jos@conduitpr.com
Emily Fenton
emily@conduitpr.com
Chaarat
Chaarat is an exploration and development company operating in the Kyrgyz Republic with its current main activity being the development of the Chaarat Gold Project. The Chaarat Gold Project is situated within the Middle Tien Shan Mountains of Kyrgyzstan which form part of the Tien Shan gold belt. The Company has thus far delineated a JORC compliant mineral resource of 4.009 Moz at a grade of 4.14 g/t gold. A scoping study demonstrating the economic viability of the Chaarat Gold Project was completed at the end of 2008. The Company is currently in the process of compiling a pre-feasibility study. Chaarat's objective is to become a low cost gold producer targeting an initial production of over 200,000 ounces per annum by early 2013.
Disclaimer
This press release includes forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond Chaarat's control that would cause the actual results, performance or achievements of Chaarat to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.. Such forward-looking statements are based on numerous assumptions regarding Chaarat's present and future business strategies and the environment in which Chaarat will operate in the future. Any forward-looking statements speak only as at the date of this document. Chaarat expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this document to reflect any change in Chaarat's expectations with regard to these or any change in events, conditions or circumstances on which any such statements are based. As a result of these factors, the events described in the forward-looking statements in this press release may not occur either partially or at all.
HUG#1428668
Chaarat Gold is a gold development stage company based in Switzerland.
Chaarat Gold holds various exploration projects in Kyrgyzstan.
Its main exploration properties are MINTEKE, KASHKASU, KIZILTASH (CHAARAT MAIN) and TULKUBASH in Kyrgyzstan.