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Georgian Mining Corp.
Summary
| Project: | Bolnisi | |
|---|---|---|
| Deposit: | Kvemo Bolnisi | |
| Location: | Georgia | |
| Commodities: | Copper-Gold | |
| Date: | 4/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-4-2017: Georgian Mining Corp. announces a Resource Estimation report for its Kvemo Bolnisi deposit at the Bolnisi project. Resource update increases in-situ copper tonnage by 92%. Georgian Mining Corporation ('GEO' or the 'Company') is pleased to annou | |
| Resources: | (Resource, Inf.): 2.22Mt @ 0.80% Cu, 0.10g/t Au at Kvemo Bolnisi East | |
| CP/QP: | [Resources]: Adam Wheeler, Mark Owen (Independent) | |
| ABSTRACT: | Georgian Mining Corporation ('GEO' or the 'Company') is pleased to announce that an upgraded Mineral Resource Estimate for the Kvemo Bolnisi East ("KB") Copper Zone ('Copper Zone 1') has increased the total tonnage of in-situ copper metal by 92% in comparison to the initial estimate announced on 30 January 2017. GEO Managing Director Greg Kuenzel said, "We are extremely pleased to have met the requirements of our JV partner to achieve early production. Resource drilling to date validates the Board's confidence in its exploration programme and confirms that copper-gold sulphide and gold oxide mineralisation extends well beyond the limits of the original discovery programme. The recent identification of KB's low sulphidation epithermal setting significantly expands our opportunity to explore both bulk tonnage and also high grade gold and copper-gold targets. We have retained Greg Corbett, an internationally renowned specialist on epithermal mineral occurrences, to advise on how best to exploit the significant new opportunities now presented. We are also in the process of establishing an initial gold resource and hope to be in a position to announce this shortly. We believe that this will present us with a similar opportunity to the copper resource for delivering near term, proof of concept production." | |
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