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Georgian Mining update on Tethyan Belt Work

Mining News - Published on Wed, 03 Jan 2018

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Georgian Mining Corp announced that final stages of talks with Caucasian Mining Group for the exploration and development program on the Tethyan belt for 2018. Georgian and Caucasian are 50% partners in Georgian Copper & Gold JSC.

Negotiations, Georgian said, have expanded over the past few weeks to include a "comprehensive" business plan, work programs, board strengthening, as well as a framework agreement to develop the gold oxide production target at Kvemo Bolnisi East in Georgia, located on the Tethyan belt.

The company said it expects the final agreements to be completed in early 2018.

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Posted By : Rabi Wangkhem on Wed, 03 Jan 2018
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