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New Acquisition

22 Feb 2010 12:00

RNS Number : 4710H
Highland Gold Mining Limited
22 February 2010
 

HIGHLAND GOLD ACQUISITION OF THE BLAGODATNOYE PROSPECT TO INCREASE MNV AND BELAYA GORA POTENTIAL

22 February 2010 - Highland Gold Mining Limited ("Highland Gold", or the "Company") is pleased to announce that the Company has acquired a license for exploration and mining rights for the Blagodatnoye prospect in the Khabarovsk Region. Blagodatnoye has a reported prognostic resource of 5 tonnes (161,000 oz) of gold. The acquisition was made in an open auction on February 19 in Khabarovsk for a bid price of 3.25 million roubles (US$ 107 794). Preliminary evaluation of data from previous exploration work revealed that the property has good potential to increase the mineral resource.

The Blagodatnoye prospect features stockwork-type gold mineralisation with average gold grades in the range of 1.5 g/t - 2 g/t. A multi-disciplinary exploration programme will be designed and executed to verify and expand the known mineralised zones.

The acquisition of the Blagodatnoye property underlines the Company's strategy of growing its asset portfolio in the vicinity of its existing operations by adding quality exploration properties with potential for future gold production. The new prospect is situated in close proximity to the Company's two other important assets - Mnogovershinnoye and Belaya Gora. Blagodatnoye contributes to Highland Gold's strategic hub in the region further maximising synergies and maintaining growth.

For further information please contact:

Highland Gold
Dmitry Yakushkin, Head of Communications - +7 495 424 95 21

Duncan Baxter, Chairman - +44 (0) 1534 814202

Fin Public Relations

Alex Glover - +44 (0) 207 608 2280

Smith's

Dominic Palmer-Tomkinson - +44 (0) 207 239 0140

 

J.P. Morgan Cazenove (Nominated Adviser)
Michael Wentworth-Stanley, Managing Director
+ 44 (0) 207 588 2828
This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Date   Source Headline
17th Sep 20204:30 pmRNSRegulatory Approval
17th Sep 20202:34 pmBUSFORM 8.3 - HIGHLAND GOLD MINING
17th Sep 20201:58 pmBUSForm 8.3 - Highland Gold Mining Ltd
17th Sep 202011:44 amRNSForm 8.5 (EPT/NON-RI)
16th Sep 20201:50 pmBUSForm 8.3 - HIGHLAND GOLD MINING LTD
16th Sep 20209:04 amRNSForm 8.5 (EPT/NON-RI)
16th Sep 20208:54 amRNSForm 8.5 (EPT/RI)
15th Sep 20203:30 pmBUSForm 8.3 - HIGHLAND GOLD MINING LTD
15th Sep 20208:55 amRNSForm 8.5 (EPT/RI)
14th Sep 202011:36 amBUSForm 8.3 - Highland Gold Mining Ltd
14th Sep 202010:44 amRNSHolding(s) in Company
11th Sep 20201:58 pmBUSForm 8.3 - HIGHLAND GOLD MINING LTD
11th Sep 202011:50 amPRNForm 8.3 - Highland Gold Mining Ltd
11th Sep 202010:14 amRNSForm 8.5 (EPT/RI) - Amendment
11th Sep 202010:07 amRNSForm 8.5 (EPT/RI)
10th Sep 20202:22 pmBUSForm 8.3 - HIGHLAND GOLD MINING LTD - AMENDMENT
10th Sep 20201:57 pmRNSHolding(s) in Company
10th Sep 202011:49 amBUSForm 8.3 - Highland Gold Mining Ltd
10th Sep 202011:19 amPRNForm 8.3 - Highland Gold Mining Ltd
10th Sep 20208:55 amRNSForm 8.5 (EPT/RI)
9th Sep 20202:46 pmBUSForm 8.3 - Highland Gold Mining
9th Sep 202012:05 pmPRNForm 8.3 - Highland Gold Mining Ltd
9th Sep 202010:42 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
9th Sep 20208:15 amRNSForm 8.5 (EPT/RI)
8th Sep 20202:36 pmBUSFORM 8.3 - HIGHLAND GOLD MINING
8th Sep 202010:29 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
8th Sep 20208:07 amRNSForm 8.5 (EPT/RI)
7th Sep 20203:30 pmEQS***Amended*** Form 8.3 - Tibra Trading PTY Limited: Highland Gold Mining Ltd
7th Sep 20202:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: Highland Gold Mining Ltd
7th Sep 202012:49 pmPRNForm 8.3 - Highland Gold Mining Ltd
7th Sep 202010:35 amRNSForm 8.5 (EPT/NON-RI)
7th Sep 202010:30 amBUSForm 8.3 - Highland Gold Mining Ltd
7th Sep 202010:07 amRNSForm 8.3 - Highland Gold Mining Ltd
7th Sep 20208:54 amRNSForm 8.5 (EPT/RI)
4th Sep 20202:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: Highland Gold Mining Ltd
4th Sep 202012:06 pmPRNForm 8.3 - Highland Gold Mining Ltd
4th Sep 202011:47 amBUSForm 8.3 - Highland Gold Mining Ltd
4th Sep 20209:14 amRNSForm 8.5 (EPT/NON-RI)
4th Sep 20208:35 amRNSForm 8.5 (EPT/RI)
3rd Sep 20202:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: Highland Gold Mining Ltd
3rd Sep 20201:21 pmPRNForm 8.3 - Highland Gold Mining Ltd
3rd Sep 202011:41 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
3rd Sep 20209:42 amRNSForm 8.3 - Highland Gold Mining Ltd
3rd Sep 20208:41 amRNSForm 8.5 (EPT/RI)
2nd Sep 20202:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: Highland Gold Mining Ltd
2nd Sep 20202:55 pmBUSForm 8.3 - Highland Gold Mining Ltd
2nd Sep 202012:27 pmPRNForm 8.3 - Highland Gold Mining Ltd
2nd Sep 202010:19 amRNSForm 8.3 - Highland Gold Mining Ltd
2nd Sep 20209:07 amRNSForm 8.5 (EPT/RI)
2nd Sep 20207:00 amRNSForm 8.3 - Highland Gold Mining Limited

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