Kentor Gold (ASX: KGL) has moved the company strategic focus to the recently acquired Australian projects, rather than the Kyrgyz Republic, and has subsequently not exercised the option to acquire the Aktash Gold-Copper deposit. Aktash is located 8 kilometres from the proposed site for the Andash processing plant, and the potential remains for Kentor to re-visit the project in the future should the Kyrgyz Republic operations again become a focus. Simon Milroy, managing director, commented on the decision and said, “However, Kentor currently has higher funding priorities than exploration at Aktash. “In addition to the planned development of Andash, we are now targeting gold production in Australia within 12 months, commencing at Burnakura in Western Australia.” Burnakura already has a gold resource of over 500,000 ounces. Kentor has also recently found some exploration success at the Jervois Base metals project in the Northern Territory, and earlier in the month announced a maiden Inferred Resource of; 8.8 million tonnes at 1.3% copper and 26.7g/t silver. Hellman & Schofield conducted the review, which provides 113,000 tonnes of contained copper and 7.6 million ounces of contained silver. Kentor is already targeting depth and strike extensions through ongoing drilling. Adding to Kentor's ramp up of resources in Australia, the company is set to announce a maiden gold and copper JORC Resource at Gabanintha next week, which is located just 20 kilometres from Burnakura, allowing for economies of scale between the projects.

Source