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Chaarat Gold said it had recorded 'encouraging' results from drilling its Tulkubash oxide gold project in the Kyrgyz Republic.
The project would become the company's second operating gold mine and was scheduled to commence production in 2021.
Drilling continued to identify new shallow mineralisation within and adjacent to current pit outlines.
Highlights included encountering 10.5 metres at 2.99 grams per tonne of gold, starting at the surface, from one of several holes.
'We are encouraged by our results to date this year,' senior vice president exploration Dorian L. Nicol said.
'Having completed a number of drill roads and drill pads, we are now able to transport drilling equipment into our most prospective target area.'
At 2:49pm: (LON:CGH) Chaarat Gold Holdings Ltd share price was +0.3p at 27.4p