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Georgian Mining Corp.
Summary
| Project: | Bolnisi | |
|---|---|---|
| Deposit: | Kvemo Bolnisi East | |
| Location: | Georgia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 4/27/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2017: Georgian Mining Corp. announces an Exploration/Drilling Update report for its Kvemo Bolnisi East deposit at the Bolnisi project. Drilling results incl. 16.00m @ 15.40% Cu, 0.3g/t Au, 19.56g/t Ag from 47.0m. Georgian Mining Corporation (‘GEO’ or | |
| Resources: | (Resource, Inf.): 2.22Mt @ 0.80% Cu, 0.10g/t Au at Kvemo Bolnisi East | |
| CP/QP: | [Overall Report]: James Royall (Not stated) | |
| ABSTRACT: | Georgian Mining Corporation (‘GEO’ or the ‘Company’) announces that it has intersected exceptionally high grade mineralisation, including 16m at 15.4% copper (‘Cu’) from 47m, during its ongoing drilling programme at ‘Gold Zone 2’ situated within the Kvemo Bolnisi East Project (‘KB’). These results fit with the new epithermal ore geology model identified by the Company and provide further evidence that the three zones currently being explored, Copper Zone 1, Gold Zone 1 and Gold Zone 2, may sit together as part of a much larger deposit. The Company is confident that work in the short term will unify the three zones in line with the Company’s objective of delineating a 50Mt+ deposit at KB. The Company has a three phase plan to reach this objective and recently exceeded its Phase 1 target having delineated a total JORC compliant resource estimate of 2.22 million tonnes @ 0.8% Cu and 0.1 g/t Au at a 0.3% Cu cut-off for Copper Zone 1. GEO Managing Director Greg Kuenzel said, “KB is showing all the signs of being a very significant epithermal Cu-Au deposit with exceptionally high grade areas, as well as bulk tonnage potential. With work ongoing across multiple zones, we look forward to understanding these both separately, but more importantly, together as one unit as we work towards our 50Mt+ target.” | |
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