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Pin to quick picksBluebird Mer Share News (BMV)

Share Price Information for Bluebird Mer (BMV)

London Stock Exchange
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Share Price: 1.025
Bid: 0.95
Ask: 1.10
Change: -0.025 (-2.38%)
Spread: 0.15 (15.789%)
Open: 1.025
High: 1.07
Low: 0.95
Prev. Close: 1.05
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IN BRIEF: Bluebird Merchant wins approval for Batangas project plan

Thu, 15th Jun 2023 13:53

Bluebird Merchant Ventures Ltd - South Korea-focused gold company - Receives approval from the Mines & Geosciences Bureau for its two-year community development plan at its Batangas gold project in the Philippines. Says this is a "significant step forward". The approval allows for groundwork including supplementary drilling to commence at the Lobo project area. The Lobo area has ore reserves of 171,000 tonnes at 6.6 grams per tonne for 36,000 ounces of gold.

Chief Executive Colin Patterson says: "The joint venture partner recognised the potential of the project, with this news highlighting the key role it has in advancing the permitting process and building community relations. The JV will now execute its plan to advance Lobo towards a production decision, where the potential for a high-grade underground mine is clear."

Current stock price: 1.05 pence, down 4.6% in London on Thursday afternoon

12-month change: down 58%

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 Sep 2022 12:58

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

(Alliance News) - Bluebird Merchant Ventures Ltd said on Tuesday that Chief Executive Colin Patterson had "positive" meetings in Seoul, South Korea regarding future mining projects.

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27 Apr 2022 20:18

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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