Georgian Mining Corporation - Initial mineral resource estimate exceeds target
GEO
Tue, 11 Jul 2017, 11:40am BST
Georgian Mining Corporation is an AIM listed copper & gold development and exploration company.
The Company, along with its 50% joint venture partner, Caucasian Mining Group, operates in Georgia on the prolific Tethyan Belt, a well-known geological region and host to many high grade copper-gold deposits and producing mines.
Industry: Basic Materials
Contact: +44 (0)207 907 9327
47 Charles Street London
Greg Kuenzel, MD provides an update as the Company's maiden gold resource at Gold Zone 2 exceeds their initial target of 750kt to 1Mt at 1 g/t Au and importantly meets the criteria for processing the ore by low cost heap leaching. GEO are now completing the metallurgical test work needed to finalise the Scoping Study, which will form the basis for negotiating the production and processing agreement with their JV partner.
