Last checked at 11 Jan 2019 07:00
Georgian Mining Corporation / EPIC: GEO / Sector: Natural Resources
11th January 2019
Georgian Mining Corporation
('GEO' or the 'Company')
Exploration Permit Update
Georgian Mining Corporation, the AIM listed copper-gold exploration and development company, is pleased to announce that the Georgian Government Resolution on the Company's pending exploration permit was included in a cabinet meeting at the end of December 2018, immediately before the Government went to recess for the festive season.
Mike Struthers, Chief Executive Officer said:
"We're pleased the Resolution on the exploration permit was finally addressed at a Government session. During the meeting there were minor points for clarification raised with the Mining Agency, which were satisfactorily addressed and we are now awaiting the final approval. It is our understanding that all of the Ministries have responded positively and there continues to be strong support for the application.
We look forward to updating the market when we have further news."
**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: 020 7186 9950 |
Camilla Horsfall | Blytheweigh | PR | Tel: 020 7138 3224 |
Julia Tilley | Blytheweigh | PR | Tel: 020 7138 3553 |
Fergus Cowan | Blytheweigh | PR | Tel: 020 7138 3208 |
About Georgian Mining Corporation
Georgian Mining Corporation has 50% ownership 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 concession 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 the next phase. These projects are proximal to 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 foreign direct investment.