/KASE, August 8, 2024/ – BASS Gold LLP (Ulytau region), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated August 8, 2024:
quote
BASS Gold LLP (hereinafter – the Company) reports that in July of this year the
Ministry of Industry and Construction of the Republic of Kazakhstan issued a
license for the exploration of solid minerals in new 11 geological blocks
adjacent to the Ushshoqy deposit. The total area of the new territory for
geological exploration is 25.1 sq. km.
Geological exploration work is supposed to begin this year. An Exploration Plan
is currently being developed, which, in accordance with the procedure
established by law, will be sent to the authorized body to conduct a state
environmental assessment.
The company preliminary estimates gold reserves in the new territory at 2 to 4
tons. At the same time, confirmation of reserves will be presented in reports
developed in accordance with KAZRC and JORC standards.
It should be noted that obtaining a license is an additional step for the
Company towards the planned expansion of its raw material base, which will
result in a significant increase in the volume of Doré alloy produced.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/FPST/fpst_relizs_080824_20.pdf
[2024-08-08]