Noricum Gold Ltd (LON:NMG) Managing Director Greg Kuenzel explains to DirectorsTalk the significance of the new “Very good grade and close to surface” copper discovery at at Kvemo Bolnisi, Georgia and how this now fits in with the current timeline.
SP Angel Conclusion: This is another great result for Noricum Gold Ltd with the implication that the company could be looking at mining three rather than two potential pits in the next few years in Georgia.
*SP Angel acts as Nomad and Broker to Noricum.
Noricum Gold Ltd has a 50% interest in, and operational control of, the 861 km2 Bolnisi Project. The Project which is located in the Republic of Georgia contains multiple, large copper & gold non-JORC resources. The transaction represents a major transformation for the Company. Total mineral resources (non-JORC, C1, C2 & P1 Soviet Reserves & Resources) for the overall project area are both significant and scalable, comprising 980,000 tonnes of contained copper; 6.6 million ounces of gold; and 22 million ounces of silver.