CGH Chaarat Gold Holdings Ltd

 
TIDMCGH 
 
Chaarat Gold Holdings Ltd 
 
 
 
                          ("Chaarat" or "the Company") 
 
 
 
                             Operational statement 
 
 
 
Road Town, Tortola, British Virgin Islands (15(th)  June 2010) 
 
 
 
The  Board of Chaarat  (AIM: CGH), the  gold exploration and development company 
operating  in the Kyrgyz  Republic, announces that  Chaarat's operations both in 
Bishkek  and at  site in  the north  west of  the country  are unaffected by the 
developments near Osh in the south of the country. 
 
 
 
 
 
Enquiries: 
 
 
 
Chaarat Gold Holdings Ltd 
 
c/o Central Asia Services Ltd +44 (0) 20 7499 2612 
 
Dekel Golan                   dekel@chaarat.com <mailto:dekel@chaarat.com> 
 
Linda Naylor                  linda.naylor@chaarat.com 
                              <mailto:linda.naylor@chaarat.com> 
 
 
 
Westhouse Securities Limited  +44 (0) 20 7601 6100 
 
Tim Feather                   tim.feather@westhousesecurities.com 
                              <mailto:tim.feather@westhousesecurities.com> 
 
Richard Baty                  richard.baty@westhousesecurities.com 
                              <mailto:richard.baty@westhousesecurities.com> 
 
 
 
Mirabaud Securities LLP       +44 (0) 20 7321 2508 
 
Rory Scott                    rory.scott@mirabaud.com 
                              <mailto:rory.scott@mirabaud.com> 
 
 
 
Smith's Corporate Advisory    +44 (0) 20 7239 0140 
 
Dominic Palmer-Tomkinson      tomkinson@smiths-ca.com 
                              <mailto:tomkinson@smiths-ca.com> 
 
 
 
Conduit PR                    +44 (0) 20 7429 6603 
 
Jos Simson                    jos@conduitpr.com <mailto:jos@conduitpr.com> 
 
Emily Fenton                  emily@conduitpr.com <mailto: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#1423831] 
 

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