China Nonferrous Gold Limited (CNG) (formerly Kryso Resources Corporation Limited) is a London Stock Exchange AIM-listed mineral exploration and development company, focused on projects in Tajikistan. CNG was granted an exploration and trial licence over the Pakrut Licence area, covering 63KM2, in April 2004. The licence area is located in the Tian Shan Gold Belt – the world's second largest known gold belt.
CNG's primary goal is to bring the Pakrut Gold Project, of which it has 100% ownership, into production. In January 2012, CNG was granted a full mining licence for the Pakrut Gold Project by the Government of the Republic of Tajikistan. This mining licence is valid until November 2030.
Total JORC Code-complint resources of 4,808,000oz Au, assuming a 0.75g/t cut-off grade, have been defined at the Pakrut Gold Project. The Pakrut deposit remains open and is expected to yield further JORC Code-compliant resources over time, with substantial drilling programmes ongoing.
The Beijing General Research Institute of Mining and Metallurgy (BGRIMM) completed a revised Bankable Feasibility Study on the Pakrut Gold Deposit. This BFS continues to be optimised. Construction of mine infrastructure commenced in October 2011. The underground mine construction commenced in September 2012 with production scheduled to commence in 2014.
In addition to the Pakrut Gold Project, CNG is focusing on three additional mineralized systems within the exploration licence area – Eastern Pakrut, Rufigar and Sulfidnoye. Drilling to date at these sites has been very encouraging.
The directors of CNG have a track record of operating successfully in Tajikistan and believe CNG to have been the first foreign company to obtain 100% ownership of a mining and exploration project in Tajikistan.