CGH Chaarat Gold Holdings Ltd

 
TIDMCGH 
 
For immediate release 2 April 2009 
 
 
 
                      Chaarat Gold Holdings Ltd 
 
                    ("Chaarat" or "the Company") 
 
                     Potential new fund raising 
 
Road Town, Tortola, British Virgin Islands (2 April 2009). 
 
Chaarat (AIM:CGH, "the Company")  announced that it is investigating 
raising additional funds by way of an equity issue to finance, 
amongst other things, the current year's resource, geotechnical and 
hydrogeological works and the completion of its prefeasibility study. 
The Company is currently in the process of working with SRK 
Johannesburg on preparing the prefeasibility study, which is due in 
the second half of 2009, on the Chaarat project in the Tien Shan gold 
belt. 
 
 
About the Chaarat Gold Project 
 
The Chaarat project is situated within the Middle Tien Shan Mountains 
of Kyrgyzstan which form part of the Tien Shan gold belt.  At the 
completion of the 2008 exploration season a mineral resource of 
3.34Moz at a grade of 4.30 g/t gold (JORC compliant in the Indicated 
and Inferred categories) had been delineated. The Company's 
exploration programme is aimed at increasing the confidence levels in 
the resource through infill drilling and increasing the Resource to 
four million ounces, through down-dip and along-strike extension 
drilling whilst developing a pre-feasibility study to demonstrate the 
economic viability of the deposit. 
 
 
About Chaarat Gold Holdings or the Company 
 
Chaarat Gold Holding is an exploration company founded for the 
purpose of developing the Chaarat License Area. Chaarat was admitted 
to AIM on 8 November 2007. 
 
 
Disclaimer 
This press release includes forward-looking statements. Such 
forward-looking statements involve known and unknown risks, 
uncertainties and other important factors beyond Chaarat's control 
that would cause the actual results, performance or achievements of 
Chaarat to be materially different from future results, performance 
or achievements expressed or implied by such forward-looking 
statements. Such forward-looking statements are based on numerous 
assumptions regarding Chaarat's present and future business 
strategies and the environment in which Chaarat will operate in the 
future. Any forward-looking statements speak only as at the date of 
this document. Chaarat expressly disclaims any obligation or 
undertaking to disseminate any updates or revisions to any 
forward-looking statements contained in this document to reflect any 
change in Chaarat's expectations with regard to these or any change 
in events, conditions or circumstances on which any such statements 
are based. As a result of these factors, the events described in the 
forward-looking statements in this press release may not occur either 
partially or at all. 
 
Enquiries: 
 
 
Chaarat Gold Holdings Ltd 
c/o Central Asia Services Ltd Tel: +44 (0) 20 7499 2612 
Dekel Golan                   dekel@chaarat.com 
Harry Lopes                   harry.lopes@chaarat.com 
 
Canaccord Adams Limited       Tel:  +44 (0) 20 7050 6500 
Mike Jones 
 
Smith's Corporate Advisory    Tel: +44 (0) 20 7239 0140 
Dominic Palmer-Tomkinson      tomkinson@smiths-ca.com 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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