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Georgian Mining Corp.
Summary
| Project: | Bolnisi | |
|---|---|---|
| Deposit: | Kvemo Bolnisi | |
| Location: | Georgia | |
| Commodities: | Copper-Gold | |
| Date: | 10/20/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-10-2016: Georgian Mining Corp. announces an Exploration/Drilling Update report for its Kvemo Bolnisi deposit at the Bolnisi project. Drilling results incl. 27.0m @ 2.57% Cu, 0.23g/t Au from 107m. Georgian Mining Corporation is pleased to report that co | |
| Resources: | (Historic estimates only - not mentioned in this report) | |
| CP/QP: | [Overall Report]: James Royall (Not stated) | |
| ABSTRACT: | Georgian Mining Corporation is pleased to report that continued drilling at the Kvemo Bolnisi Project ('KB' or 'the Project') in Georgia has intercepted additional significant near-surface copper and gold sulphide mineralisation. GMC's Managing Director Greg Kuenzel said, "The high grades returned from our drill programme suggest that a significant resource exists at KB. This copper-gold mineralisation is adjacent to and extends beneath the oxide gold mineralisation previously identified. We recently made the decision to postpone our initial small-scale gold production at this target to focus on the significantly larger and more robust, combined copper-gold mineralisation. Having confirmed that excess capacity exists at our local partner's plant, we are now looking to determine the exact requirements at the nearby operating flotation plant (for copper-gold sulphide ore), and heap leach plant (for gold oxides) to allow us to plan initial tonnage targets for supplying ore to the plants." | |
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