29 July 2014
Tengri Resources
("Tengri" or "the Company")
Discovery of high-grade gold mineralisation at Bashkol Project, Kyrgyz Republic
·High-grade gold of 2.7 metres at 6.4 g/t Au intersected, including 0.85 metres at 15.3 g/t Au
·Assay results received from two drill holes completed at Bekbulaktor North prospect
·Results confirm potential of gold mineralisation from earlier trench results
·Intensive 2,000 metre diamond drilling summer program now well underway
·Project located 60kms along strike from 18Moz Kumtor gold mine
·17,986ha Bashkol project located in Tien Shan Gold Belt, host to some of world's largest gold deposits Tengri Resources (AIM: TEN) ("Tengri"), the mining exploration and development company focused on low-cost gold-copper projects in the Kyrgyz Republic, is pleased to announce the completion of the first three drill holes at the Bekbulaktor prospect located within the Company's Bashkol Project.
Tengri is exploring the Bashkol licence under a farm-in agreement in which the Company can earn up to a 70% interest in the project by spending a total of A$7 million before December 31, 2021 in two stages.
The 17,986ha Bashkol Project is located 60km along strike from the 18Moz Kumtor Gold Mine in the Tien Shan Gold Belt, which hosts some of world's largest gold deposits. The Bekbulaktor prospect is at the northern end of a 15km-long mineralised trend within the project area.
Assay results have been received for two holes, with the second hole at Bekbulaktor North (hole BKDH002) intercepting high-grade gold mineralisation of:
·2.7 metres at 6.4 g/t Au from 257.3 metres including 0.85 metres at 15.3 g/t Au from 258.3 metres.
The Board of Tengri is particularly encouraged by these assay results as its original strategy was to firstly drill the more prospective Bekbulaktor South prospect. However, this was not possible due to the onset of winter. The fact that high-grade gold mineralisation has been intersected at Bekbulaktor North is significant and demonstrates that Bashkol is a highly prospective project. Assay results from the first drill hole at Bekbulaktor South are pending.
