Georgian Mining Corp’s 2018 exploration and development programme

MINEX Forum | January 12, 2018 | Views: 66 | Source: proactiveinvestors

Georgian Mining Corp (LON:GEO) is in the final stages of negotiation with Caucasian Mining Group, its 50% partner in Georgian Copper & Gold JSC (‘GCG’), in relation to the 2018 exploration and development programme within the 860 sq km licence on the Tethyan Belt in Georgia.

The negotiations have been expanded over the past weeks to include a comprehensive business plan, work programmes, the strengthening of the board of GCG as well as the framework agreement to develop and exploit the gold oxide production target at Kvemo Bolnisi East.

It is expected that the final agreements will be completed in early 2018 and a detailed announcement will follow.

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