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Pin to quick picksBluebird Mer Share News (BMV)

Share Price Information for Bluebird Mer (BMV)

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Share Price: 0.60
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IN BRIEF: Bluebird Merchant Continues To Progress Southern Gold JV

Wed, 27th Jan 2021 16:47

Bluebird Merchant Ventures Ltd - Korean focused gold development firm - Concerning Southern Gold's proposed acquisition of a 50% interest in the Gubong and Kochang gold mines, Bluebird makes offer of settlement as required under the joint venture agreements, hoping that a commercial solution can be achieved in a speedy manner.

Remains in talks with South Korean funding partners which recently provided a second tranche of funding.

"The company believes that it is only by bringing about gold production in South Korea that value can be both realized and substantially increased and therefore it is in both company's interest to advance the process of construction," Bluebird stated.

Current stock price: 4.00 pence, down 4.8% on Wednesday

Year-to-date change: up 6.7%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Bluebird Merchant shares progress at Batangas

Bluebird Merchant Ventures Ltd - South Korea-focused gold development company - Opens discussions with "potential partners" in the development of Batangas gold project in the Philippines. Notes positive feedback from the Department of Environment & Natural Resources for its submission for a two-year extension of its current exploration license. "Multiple epithermal and high-grade targets" are already identified for resource expansion at the Lobo area, Bluebird says. Also notes progress in bringing Kochang gold and silver mine and Gubong gold mine back into production in Korea, with the team finalising the qualifying spend of USD160,000 for the 20-year mining licence terms. "This will be satisfied primarily by purchasing equipment needed to continue underground development and exploration of the two mines," Bluebird says.

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IN BRIEF: Bluebird Merchant Ventures hails sampling results at Kochang

Bluebird Merchant Ventures Ltd - British Virgin Islands-based gold development company focused on Korea - Says samples taken from Kochang project in South Korea showed "good correlation" with the original five metre interval sampling. This confirms that five metre sampling is appropriate for the ore body thus saving time and costs, it says. Adds that the drain samples confirm gold of up to 2.25 grams per tonne. Says this confirms its experience that fine ore from previous mining operations accumulates on the adit floor and can "quickly" be collected and stockpiled for future processing.

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Bluebird Merchant has "positive" South Korea visit to discuss outlook

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IN BRIEF: Bluebird receives USD500,000 first tranche of loan funding

Bluebird Merchant Ventures Ltd - British Virgin Islands-based gold development company focused on Korea - Says Tuesday it had received USD500,000 first tranche of loan funding, with cash to be used for test gold production at Kochang mine in South Korea.

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