# INTERVIEW: Georgian Mining Corp Maiden gold resource exceeds initial target

- Link: https://www.directorstalkinterviews.com/interview-georgian-mining-corp-maiden-gold-resource-exceeds-initial-target/412731627
- Published: 2017-07-11T09:10:51+01:00
- Author: Giles Arbor

**Georgian Mining Corp** (LON:GEO) Managing Director Greg Kuenzel talks to DirectorsTalk
about it’s maiden gold resource at Gold Zone 2 exceeding the initial target of 750kt
to 1Mt at 1 g/t Au. Greg talks us through the highlights of the findings and now
that the metallurgical test work is 95% complete explains what what happens next.

 

Georgian Mining Corp has 50% ownership and operational control of the Bolnisi Copper
and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known
geological region and host to many high-grade copper-gold deposits and producing
mines. The Bolnisi licence covers an area of over 860 sq km and has a 30-year mining
licence with two advanced exploration projects; Kvemo Bolnisi and Tsitsel Sopeli.
These projects are nearby existing mining operations owned by the Company’s supportive
joint venture partner. Georgia has an established mining code and is a jurisdiction
open to direct foreign investment.

The Company is developing the project in three phases:

· Phase 1: H1 2017 target to delineate a minimum of 1-2 Mt to support initial spare
capacity (now achieved and exceeded)

· Phase 2: 2017 target to delineate a 3-5 Mt resource of combined copper-gold sulphide
and gold oxide mineralisation (on target)

· Phase 3: Long term target – to delineate a resource of 50Mt+

 

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