/KASE, March 26, 2025/ – BASS Gold LLP (KASE ticker – FPST) reported the
following:
quote
March 26, 2025
On March 13 of this year, the Ministry of Industry and Construction of the
Republic of Kazakhstan extended the license for geological exploration at the
Chinasyl-Sai deposit by Block One Company, a stake in which is owned by BASS
Gold LLP. The license is valid until December 24, 2030 and gives the company
the right to carry out any exploration work for solid minerals.
The Chinasyl-Sai deposit was discovered in 1930 and was explored at different
times: in 1933, in 1950-1958, in 1958-60, in 1962.
The deposit has the following approved reserves by the USSR State Reserves
Committee:
Lead – 184.9 thousand tons (with an average grade of 2.73 g/t);
Zinc – 120.7 thousand tons (1.78 g/t);
Silver – 174.9 tons (21.4 g/t);
Gold – 6,975 kg (0.86 g/t);
Cadmium – 365.2 tons (0.0054 g/t).
In order to verify the existing historical data and confirm the prospects of the
deposit in terms of resources and forecasts, the company plans to conduct
geological exploration work at the Chinasyl-Sai deposit.
unquote
The full version of the press release is available at
https://kase.kz/files/emitters/FPST/fpst_relizs_260325_85.pdf
[2025-03-26]