Georgian Mining announced initial mineral resource estimates for copper-gold sulphide and gold oxide deposits at the Kvemo Bolnisi.
Georgian Mining said initial drill results showed an optimized in-pit mineable mineral resource estimate of 702,000 tonnes at 0.99% copper and 0.17 grammes per tonne of gold. Georgian Mining said significant opportunities exist to substantially expand these initial mineral resources as an additional 7,500 metres of drilling is completed in the first half of 2017.
It should be noted, that Georgian Mining Corporation is an AIM listed copper & gold development and exploration company.
The Company, along with its 50% joint venture partner, Caucasian Mining Group, operates in Georgia on the prolific Tethyan Belt, a well-known geological region and host to many high grade copper-gold deposits and producing mines.