Savoyardy

The Savoyardy exploration license (84 squre kilometres) is situated in the south of the Kyrgyz Republic on the border with China.  

The Savoyardy Gold Project has been joint ventured to ASX listed Kentor Gold Limited (Kentor), which has the right to earn up to a 70% interest in the project by incurring exploration expenditure of at least US$6 million over a five year period to 31 March 2012. Click here to view Kentor's website.

During 2008-2009  Kentor Gold Limited (ASX-KGL) completed a number of drill programs, calculated a Mineral Resource, metallurgical test work and then proceeded with pre-development work at the Savoyardy project with a view to a development decision being taken late in 2009.  

A maiden resource was completed by Kentor at the Rudny area of Savoyardy. 

Cut Off Grade g/t	Tonnes	Gold Grade g/t	Gold Ounces
0	380,000	3.55	43,000
1	260,000	4.91	41,500
2	200,000	5.94	38,500
3	160,000	6.76	35,500
4	140,000	7.41	32,500
5	110,000	8.21	28,500

A pre-feasibility study, aimed at potentially bringing the Savoyardy project into production in early 2010 at a rate of 10,000 ounces per annum for three years was completed and returned economics of a US$1.2M capital cost and operating costs of approximately US$370 per ounce.

Kentor Gold is also planning to increase the size of the current gold resource of by drilling along strike from the existing resource, which has commenced, and defining of other areas of mineralisation within the exploration licence.

Kentor Gold was granted an option to purchase Manas’s interest in the Savoyardy Project for a total of US$1.25M plus a royalty.  The option to acquire 100% of the project is exercisable by 31 March 2010 upon initial payment of US$500,000 at that date and US$750,000 12 months later.  Kentor is currently earning 70% equity in the project company by spending U$6 million by 31 March 2012 on staged basis.