Kryso Resources appoints ex Newmont and AngloGold engineer as COO to progress Pakrut

Kryso Resources (LON:KYS) has appointed senior mining engineer Andre Gaston as its chief operating officer

(COO) to manage the ongoing exploration programme at the Pakrut gold project in Tajikistan and finalize the project bankable feasibility study and prepare the mine for production.
Gaston was hired by Kryso in June after holding technical jobs at what the company called “substantial mines” including the Callie gold mine in Australia for Newmont Mining (NYSE:NEM) and Geita gold mine in Tanzania for AngloGold Ashanti (NYSE:AU, LON:AAG, ASX:AAG). He has also previously worked for Oriel Resources in Kazakhstan and OceanaGold in New Zealand.
“During the last two months Andre has proven that he has technical mining expertise, can manage operations in Tajikistan and has the ability to perform various corporate functions. We are therefore confident that Andre will prove to be a strong asset to our management team,” said Kryso Resources chairman Trevor Davenport.

The BFS is being carried out by the Beijing General Research Institute of Mining and Metallurgy.

Back in June, Kryso increased the Pakrut gold project’s measured & indicated JORC resource by 26%, with a further 353,300 ounces of gold, taking the total JORC resource to over 3.024m ounces. The company said it anticipated further upgrade to Pakrut’s resource with a drilling programme underway.
Lat month, Kryso secured a £10.99m investment from China Nonferrous Metals International Mining (CNMIM) in a conditional placing of 73.27 million shares at 15 pence each to fund the development and further exploration of Pakrut and the exploration of the Hukas nickel-copper project, also in Tajikistan.
The Pakrut gold project, Kryso’s primary focus, is located within the southern portion of the Tien Shan Fold Belt, north-east of Tajikistan’s capital Dushanbe. The Tien Shan Fold Belt extends from near the Aral Sea in Uzbekistan through the northern part of Tajikistan into China and then into Mongolia.