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Exploration Permit Update

11 Jan 2019 07:00

RNS Number : 8140M
Georgian Mining Corporation
11 January 2019
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Date   Source Headline
16th Feb 20172:35 pmRNSDirector Dealings
13th Feb 20177:00 amRNSSignificant drill intercepts at Kvemo Bolnisi
30th Jan 20177:00 amRNSSignificant Mineral Resources at KB, Georgia
6th Jan 20179:37 amRNSHolding in Company
12th Dec 20163:35 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
25th Nov 20168:30 amRNSCommences Drilling at Kvemo Bolnisi Project
16th Nov 20167:00 amRNSPlacing to Raise £2.6m
20th Oct 20167:00 amRNSDrill Results at the Kvemo Bolnisi Project
10th Oct 201610:42 amRNSUpdate re Change of Name
10th Oct 20167:00 amRNSChange of Name and New Corporate Website
6th Oct 20167:00 amRNSCompletion of Consolidation
29th Sep 20167:00 amRNSChange of Name & Consolidation
27th Sep 20167:00 amRNSInterim Results
6th Sep 20167:00 amRNSBoard Changes
11th Aug 20167:00 amRNSSignificantly Increases Size of Au & Cu Target
20th Jul 20162:30 pmRNSGrant of Options and Director Shareholding
1st Jul 20167:00 amRNSAgreement to Acquire Interest in Georgian Prospect
23rd Jun 20167:00 amRNSCommencement of Drilling on Copper Target, Bolnisi
23rd May 20163:45 pmRNSResult of AGM
12th May 201610:00 amRNSCommencement of Infill Drilling at Kvemo Bolnisi
5th May 20167:00 amRNSCommencement of Drilling at Tsitel Sopeli
21st Apr 20167:00 amRNSNotice of AGM and Posting of Report and Accounts
20th Apr 20167:00 amRNSFinal Results
6th Apr 20167:00 amRNSCompletion of Drilling at Kvemo Bolnisi
9th Mar 201610:15 amRNSAppointment of Joint Broker
9th Mar 20167:00 amRNSOperations Update - Bolnisi Project in Georgia
10th Feb 20161:41 pmRNSHolding in Company
4th Feb 20167:00 amRNSInitial Drill Results at Kvemo Bolnisi, Georgia
28th Jan 20167:00 amRNSRaises £1m to Advance Production Targets, Bolnisi
17th Dec 20157:00 amRNSDrilling Commences at Kvemo Bolnisi, Georgia
25th Nov 201510:25 amRNSHolding(s) in Company
19th Nov 20157:00 amRNSNew Copper Discovery at Kvemo Bolnisi, Georgia
17th Nov 20157:00 amRNSPositive Results from Bolnisi Copper Gold Project
28th Oct 20157:00 amRNSDirector Dealing
27th Oct 201511:50 amRNSNew Corporate Presentation
27th Oct 20157:00 amRNSHigh Grade Gold Confirmed at Bolnisi Project
7th Oct 20157:00 amRNSPositive Mapping and Sampling Results at Walchen
29th Sep 20157:00 amRNSExploration Update - Bolnisi Project, Georgia
14th Sep 20157:00 amRNSInterim Results
7th Sep 20157:00 amRNSAppointment of Senior Advisor
24th Jul 20152:15 pmRNSHolding(s) in Company
22nd Jul 20157:00 amRNSPositive Mapping and Sampling Results, Walchen
17th Jul 20159:20 amRNSDirector Dealing
15th Jul 20157:00 amRNSTransformational Acquisition
22nd Jun 201511:15 amRNSResult of AGM
9th Jun 20157:00 amRNSFinal Results
26th May 20157:01 amRNSWalchen Update
20th Apr 20157:00 amRNSCommences First Phase of Exploration at Walchen
24th Mar 20157:00 amRNSPlacing to Directors
23rd Mar 20152:23 pmRNSAcquisition, Placing and Schonberg Update

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