Last checked at 1 May 2018 07:00
1 May 2018
Georgian Mining Corporation / EPIC: GEO / Sector: Natural Resources
Georgian Mining Corporation ('GEO' or the 'Company')
Appointment of Technical Services Manager
Georgian Mining Corporation is pleased to announce that it has appointed Simon Cleghorn as Technical Services Manager. Mr Cleghorn, a highly experienced geologist, will be working with the Company's 50% owned subsidiary, Georgian Copper & Gold JSC ('GCG'), as it proceeds with the development of the Kvemo Bolnisi gold-copper project ('KB' or the 'KB Project'), and undertakes further regional exploration at the 860 sq km licence ('the Licence') located on the prolific Tethyan Belt in Georgia.
Mr Cleghorn is a geologist with 28 years' experience in mining geology and project development with an emphasis on resource and reserve estimation in primarily gold and base metals mines. For the past 5 years Mr Cleghorn served as Resource Manager and then Technical Services Manager for KEFI Minerals Plc. This role included management and supervision of technical programmes in preparation for project execution and mining. In 2006, Mr Cleghorn was appointed Exploration Manager for JSC Madneuli, owner of the Madneuli Copper/Gold Mine in Georgia. Following the acquisition of Madneuli by GeoProMining Limited in 2008, he was appointed Chief Geologist, responsible for all geological aspects of the project including exploration and resource and reserve activities related to the mining operations as well as exploration programmes in Armenia and Northern Russia. Madneuli was subsequently acquired in 2011 by RMG Copper & Gold, owned by GEO's partner in the GCG joint venture.
Mr Cleghorn has held senior roles on projects in Armenia, Georgia, Russia, South-East Asia, Europe, South America and Australia. During his career, he has been responsible for production geology management; due diligence project review; management of mining studies and project upgrades; as well as resource and reserve work for feasibility and scoping studies for project finance and development. He is a Member of the Australasian Institute of Mining and Metallurgy and frequently serves as a Competent Person under JORC guidelines. Mr Cleghorn holds a Bachelor of Engineering in Mineral Exploration & Mining Geology (Honours) from the Western Australia School of Mines in Kalgoorlie.
Georgian Mining Corp CEO, Mike Struthers, said: "We're very pleased to have Simon join our team in Georgia. Simon's experience spans the wide range of activities we are undertaking across our 50% owned 860 sq km licence in the prolific Tethyan Belt, ranging from grassroots exploration, target definition and testing, through to technical and feasibility studies on our more advanced projects. Simon's detailed knowledge of the region will enhance our potential for developing other opportunities, and his close relationships with our partners' technical and operations staff will further strengthen the JV relationships, building on the excellent progress in recent months."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**ENDS**
For further information please visit www.georgianmining.com or contact:
Mike Struthers | Georgian Mining Corporation | Company | Tel: 020 7907 9327 |
Ewan Leggat | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Soltan Tagiev | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Damon Heath | Shard Capital Partners LLP | Joint Broker | Tel: 0207 186 9950 |
Frank Buhagiar | St Brides Partners Ltd | PR | Tel: 020 7236 1177 |
Susie Geliher | St Brides Partners Ltd | PR | Tel: 020 7236 1177 |
About Georgian Mining Corporation
Georgian Mining Corporation has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. The Bolnisi licence covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which will advance to Feasibility Study in 2018. These projects are proximal to a number of advanced projects and existing mining operations owned by the Company's joint venture partner, and their sister production company. Georgia has an established mining code and is a jurisdiction open to direct foreign investment.