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Georgian Mining Corp.
Summary
| Project: | Bolnisi | |
|---|---|---|
| Deposit: | Kvemo Bolnisi East | |
| Location: | Georgia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 5/4/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-5-2017: Georgian Mining Corp. announces an Exploration/Drilling Update report for its Kvemo Bolnisi East deposit at the Bolnisi project. Drilling results incl. 34m @ 1.54% Cu from 56m. Georgian Mining Corporation ('GEO' or the 'Company') is pleased to a | |
| 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') is pleased to announce further results from the drill programme currently underway to establish an initial resource at Gold Zone 2, one of three targets currently being developed at Kvemo Bolnisi East ('KB'). The results of the drilling programme further support GEO's belief that the three zones currently being targeted at KB (Copper Zone 1, Gold Zone 1 and Gold Zone 2) are part of one large epithermal copper/gold unit.The drill programme at Gold Zone 2, including today's latest results, is providing a suite of positive gold ('Au') intersections which are expected to generate an additional gold oxide Resource. This resource, together with the copper resource already reported, will be used for proof of concept heap leaching at one of two nearby heap leach operations owned by the Company's JV partner, which is expected to further de-risk KB. n addition to delineating gold oxide mineralisation, this programme has discovered an extension of the copper - gold sulphide mineralisation initially found to the south of Gold Zone 2 with significant copper intercepts commencing from the base of the gold oxide zone. The ongoing Resource development programme will continue to build a gold oxide Resource but, the discovery of underlying copper-gold sulphide mineralisation warrants testing both the depth of this new copper discovery and whether the gold oxide and copper-gold sulphide mineralisation extends to the south and may potentially link up with the copper-gold JORC Resource announced in early April 2017. | |
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