MANAS RESOURCES LIMITED - ASX: MSR

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Description

Manas Resources was incorporated in October 2007 to acquire, explore and develop several significant gold projects in the Central Asian country of the Kyrgyz Republic.

With a resource base of 645,000 ounces on the high-grade Shambesai project and almost 500,000 ounces at our Obdilla project, located 8km north of Shambesai, we are a proven gold explorer with growing gold resources.

Shambesai contains a significant high-grade oxide portion with more than 250,000 ounces of high-grade oxide resources at 5.7 g/t gold (2.5 g/t gold cut-off) from a total oxide resource of 330,000 ounces at 3.3 g/t gold.

A detailed Scoping Study by CSA Global estimates a leach operation at Shambesai will recover 180,000 ounces of gold over six years at a cost of US$250 per ounce of gold, placing the project into the lowest quartile of cash costs for gold producers worldwide.

We also have ongoing exploration programs happening throughout the entire South Kyrgyz Gold Project area with trenching, soil sampling and mapping undertaken on all of our prospects. Overall, we have 54 prospects and have only drilled three.

We own 100 per cent of our projects, plus we have a joint venture on the high-grade Savoyardy project with ASX-listed Kentor Gold Limited. We have granted Kentor Gold an option to purchase our interest in the Savoyardy Project for a total of US$1.25M plus a royalty.

Mine For

Gold

Location of operation(s)

Kyrgyz Republic

Address

30 Ledgar Road
BALCATTA, WA, Australia

Phone

61 8 9240 7717

Email

Website

http://www.manasresources.com/

Last Updated

18/01/2011