Ann: High Grade Gold Mineralisation confirmed at , page-37

re: Ann: High Grade Gold Mineralisation confi... Just to prove I wasn't talking jibberish....

TRANSLATED VERSION of http://www.andashmining.kg/index.php/en/news/media-release/198-2012-12-12-05-21-50

Wednesday, 12 December 2012 11:19

12 December this year, Managing Director of the Board of Directors of Kentor gold Simon Milroy arrived in the Kyrgyz Republic to review the progress of Kyrgyz projects of the company in the first place, the project "Andash '. During the visit he intended to clarify the official position of the authorities concerning development of ' Andash ' and prospects for further work in the country. In talks with representatives of the Government of the Kyrgyz Republic it is planned to discuss compliance by the parties with their obligations and options for faster startup project ' Andash '. It is expected that the visit of the Board of Directors will identify measures that the company will take to protect the rights of its shareholders.

Kentor gold "OJSC has projects in Australia (" field "," Gabaninta Burnakura», «Džervojs» occurrence evidence of mineralisation), Solomon Islands (geothermal Savo Island) and Kyrgyzstan ("deposit Andash ', a number of areas under geological study). The company has been working since 1997, having invested in the exploration of the country $ 10.8 million. and mineral rights of $ 42 million.

' Andash ' is one of six projects in the CD ready for development: received all permits for pre-project and project stage, acquired by heavy road-building machinery, manufacture key equipment is on order, a benefits package for local people. Over the next 18 months, the company is ready to invest $ 106 million to the project. Under the new legislation, fiscal transfers between exploitation would amount to $ 273 million, of which $41,2 million. will be transferred to the local budget.

In 2011, the company was forced to stop work at the deposit once the Jogorku Kenesh of the KYRGYZ Government decided to halt the development of potential, but there is no confirmed threat to environmental safety. This year, an international environmental impact assessment of the project, which has recognized mining potential in terms of environmental impact. Also in August of this year to resolve the conflict issue was an Interdepartmental Commission that studies the situation at Andaše.

In addition, in November 2011, "Cantor gold" invited the Government of KR 20% share of ' Andash ' ". This proposal has still not received any reply.