Morano Resources has entered into an option agreement to purchase Zarmadan Resources Corporation and its Rumri gold project in Tajikistan, it has been announced.
The Rumri project is located in the Tavildara region of Tajikistan, about 250 kilometres east of Dushanbe, near the village of Sangvor in the southern Tien Shan gold belt. The belt hosts a number of world-class gold deposits and globally significant gold producers.
The project has a historic Tajik P1+P2 estimate of 3.5 million ounces of gold at a grading of 3.8 grams per tonne. The system extends for nearly six kilometres, with the best known four zones covering about 1,600 metres of strike length, spaced at 100 to 200 metres.
An initial review of the data and 2011 field work suggest that the Rumri project has the potential of hosting a significant gold deposit amenable to open-pit mining.
Being an orogenic vein system, the gold is free-milling with very high fineness and, subject to further studies, the company expects that up to 65 to 85 per cent of the gold could be recovered by a gravity circuit.
Commenting, executive director of Morano, Ross Marsh, said: "The Rumri project is a highly prospective gold exploration opportunity in the Tavildara region of Tajikistan, a region known to host significant deposits as evidenced by the world class producing assets in the region."
Zarmadan owns 100 per cent of the Rumri project in Tajikistan via its wholly-owned subsidiary, Sarvat LLC.
