Absolute bargain30 Mar 2012 11:14
Further projects
In addition to Cholokkaindy, Premier Gold acquired a lithium licence, Uzunbulak, with the acquisition of Central Asia Resources Ltd. The Company is focused on gold exploration and, as such, considers Uzunbulak as non-core and intends to divest it in the near future.
The management is currently appraising three further gold projects on the Tien Shan gold belt at varying stages of development and looks forward to announcing further additions to the licence portfolio when appropriate.
Gerry Desler, Chairman, commented,
"We have bought to AIM today a highly focused gold exploration and development company with an expert team, well connected in Kyrgyzstan. We are excited not only for the prospects of the Cholokkaindy licence, which we will be drilling on this spring, but also for a number of other projects that are under appraisal."