CGH Chaarat Gold Holdings Ltd

 
TIDMCGH 
 
Chaarat Gold Holdings Ltd 
 
                    ("Chaarat" or "the Company") 
 
 Drilling intersects significant mineralisation in the T0700 Project 
            Area at the Chaarat Gold Property, Kyrgyzstan 
 
Road Town, Tortola, British Virgin Islands, 3 November 2009. 
 
Chaarat Gold Holdings Ltd (AIM:CGH) is pleased to announce 
encouraging results from channel sampling of an underground adit and 
surface drilling programme on the Tulkubash Zone at its 100% held, 
604 square kilometre, Chaarat Gold Property in Kyrgyzstan. 
 
Highlights (True widths) 
 
Adit-2                           18.00m at    4.60 g/t Au 
Including                       5.78m at    9.09 g/t Au 
 
Drillhole 
CCH09T0796               24.60m  at   4.88 g/t Au 
 
The results reported herein refer to five surface drill holes and an 
adit, all in the T0700 Project Area that targets the southern part of 
the Tulkubash Zone. 
 
The Tulkubash Zone is one of three parallel striking mineralization 
trends at the Chaarat Project which also include the Main Zone and 
the Contact Zone where at the end of 2008 a JORC compliant resource 
estimate of 3.34 million ounces at 4.3 grams per tones was reported. 
 
The Tulkubash zone has been delineated by soil anomalies over a 
strike of about 4 km, of which only 500 metres of strike at the 
southern most part of the zone in the T0700 Project Area has been 
explored by drilling. The gold mineralization within the Tulkubash 
zone is hosted by quartzites over wide zones at shallow depths. One 
of the objectives of the work conducted this year in the T0700 
project has been to evaluate the potential for this mineralization to 
be included as a possible future open pit mining resource. These 
encouraging results will help direct future work towards these goals. 
 
Dekel Golan, CEO of Chaarat, comments "Significant progress has been 
made this year to improve our understanding of the open pit potential 
of the Chaarat deposit. Management believes that if this potential is 
identified and proves economic, it will have a significant impact on 
the economics of the project. The results reported herewith are yet 
another step in achieving this important goal. We look forward to 
further drilling results and remain on track to announce a new 
resource update in Q1 2010." 
 
 
Five drill holes were drilled in the T0700 Project area during the 
season.  In addition, one existing Soviet era Adit was mapped and 
sampled.  The results are presented in Table-1. 
 
Table-1 
 
 
                   Drilled From  Drilled To  Length  True width  Au 
Hole ID    Section   (metres)     (metres)  (metres)  (metres)  (g/t) 
Adit-2      1000       65.00       93.00     28.00     18.00    4.60 
including   1000       83.00       92.00      9.00      5.78    9.09 
CCH09T0791  NE160      76.00       79.00      3.00     1.93     1.90 
CCH09T0791  NE160      82.00       88.00      6.00     3.86     2.36 
CCH09T0792  NE-00     152.50       155.50     3.00     1.93     2.39 
CCH09T0792  NE-00     169.00       170.50     1.50     1.00     2.45 
CCH09T0792  NE-00     173.50       175.00     1.50     1.00     3.55 
CCH09T0792  NE-00     178.00       179.50     1.50     1.00     2.80 
CCH09T0793 NE-200     107.50       110.50     3.00     1.93     3.51 
CCH09T0794 NE-240      79.50       84.00      4.50      2.89    2.19 
CCH09T0796   700       36.50       68.00     31.50     24.60    4.88 
 
 
 
Mineralisation in Tulkubash Zone is hosted in silicified quartzites 
and mineralised zones exhibit pervasive silicification and some 
argillic alteration, together with elevated contents of sulfides up 
to 10-15 volume %. The Tulkubash Zone strikes parallel to the Contact 
and Main Zones and extends to the north-east into the Karator and 
Ishakuldy areas. 
 
 
QA/QC Procedures: Sampling Methodology and Quality Control 
All samples are sent to a laboratory in Kyrgyzstan, Alex Stewart, 
accredited by the UK Accreditation Service, for sample preparation 
and assays. Genalysis, Australia, a NATA ISO/IEC 17025 accredited 
laboratory for analysis is being used for QA/QC check of the analyses 
of Alex Stewart. 20% check samples in form of 2 Standards, 1 Blank 
and 1 Duplicate in a batch of 20 samples are being used for quality 
checks of the Alex Stewart assays. 
 
 
Competent Person 
The Competent  Person  with  overall responsibility  for  this  press 
release and  who has  reviewed the  information contained  herein  is 
Sunit Patel M.Sc (Geology), FGS, GSSA, who is an employee of  Chaarat 
Gold.  Mr.  Patel  is  an  exploration geologist  with  22  years  of 
experience in  the resource  industry who  has sufficient  experience 
relevant to the  style of  mineralisation and type  of deposit  under 
consideration  and  was  supervisor  to  the  work  subject  of  this 
release. 
 
 
About the Chaarat Gold Project 
The Chaarat Project is situated within the Middle Tien Shan Mountains 
of Kyrgyzstan which form part of the Tien Shan gold belt. 
Mineralisation occurs and resources have been defined in three 
sub-parallel zones including the Main Zone, the Contact Zone and the 
Tulkubash Zone. At the completion of the 2008 exploration season, a 
Mineral Resource of 3.34Moz at a grade of 4.30 g/t gold (JORC 
compliant in the Indicated and Inferred categories) had been 
delineated. The Company's exploration programme is aimed at 
increasing the confidence levels in this Resource through infill 
drilling and increasing the resource through down-dip and 
along-strike extension drilling. 
 
 
About Chaarat Gold Holdings or the Company 
Chaarat Gold Holdings is an exploration company founded for the 
purpose of developing the Chaarat Licence Area. Chaarat was admitted 
to AIM on 8 November 2007. 
 
 
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. 
 
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 
 
Canaccord Adams Limited       +44 (0) 20 7050 6500 
Mike Jones 
 
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 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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