For thousands of other reports visit RSC's Mineral Intellingence Map
Georgian Mining Corp.
Summary
| Project: | Bolnisi | |
|---|---|---|
| Deposit: | Kvemo Bolnisi | |
| Location: | Georgia | |
| Commodities: | Copper-Gold | |
| Date: | 3/13/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-3-2017: Georgian Mining Corp. announces an Exploration/Drilling Update report for its Kvemo Bolnisi deposit at the Bolnisi project. Drilling results incl. 20m @ 2.2g/t from 0m. Georgian Mining Corporation (‘GEO’) is pleased to announce results from the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James Royall (Not stated) | |
| ABSTRACT: | Georgian Mining Corporation (‘GEO’) is pleased to announce results from the program to expand the gold oxide resource at Kvemo Bolnisi East (‘KB’). Target development work and follow up drilling have been focused on three targets, two of which (Gold Zone 1 and Gold Zone 2) have gold oxide resource potential. Channel rock sampling over a distance of 2,050 metres, followed by shallow, small diameter core drilling at Gold Zone 2 has defined additional gold targets with gold mineralisation open in all directions. Drill results to date justify a step up in diamond drilling and channel sampling to better establish the extent of Gold Zone 2 along with the drill program on Copper Zone 1. This is widening the program at KB with the focused objective of delineating a copper-gold sulphide resource and a gold oxide resource, both suitable for nearterm production from one future open pit footprint. GEO Managing Director Greg Kuenzel said, “Our exploration team has made rapid progress in advancing the Gold Zone 2 resource development program. Excellent channel sample results warranted a quick follow up of shallow drilling and each of the initial seven small diameter core drill holes has confirmed gold mineralisation near surface. We are stepping up the drill program with a large diameter core drill rig to test the extension of gold mineralisation at depths below 20m to determine the size of the gold resource. The drill programs at Gold Zone 2 and on the Copper Zone immediately to the south will proceed in tandem to further develop both gold oxide and copper-gold sulphide Mineral Resources with the concept of bringing both into one open-pit mining plan. We will regularly report progress on copper-gold sulphide Mineral Resources and the gold oxide Mineral Resources. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report