BROKER FORECASTS
82

GEO reports positive results from KB testwork

12th October 2017, 07:50

Georgian Mining Corporation has announced positive results from metallurgical test work completed on both copper sulphide and gold oxide core samples taken from the Kvemo Bolnisi East project on the Tethyan Belt in Georgia.

GEO said the testwork, which was undertaken by Wardell Armstrong International, included scoping level metallurgical testing and returned highly favourable results indicating that the copper sulphide mineralisation was amenable to flotation recovery of copper and gold and the gold oxide mineralisation was amenable to heap leach extraction of gold.

Managing director Greg Kuenzel said:'The gold and copper recoveries from our scoping level metallurgical testwork undertaken by Wardell Armstrong confirm that the copper-gold sulphide ore and gold oxide ores at KB are amenable to processing via flotation and heap leach respectively.

'We are now integrating the final 28 drill holes from Gold Zone 2 into the Feasibility Study to complete the resource optimisation.

'This will be followed by the development of new mining models and new pit optimisations based on the updated Resource utilising more refined metallurgical and project planning information in preparation for production.

'Gold Zone 2 is just one of three zones we have identified at KB which we believe may coalesce at depth to form a large epithermal copper-gold system and which provide the basis for our Phase 3 exploration target of a 50Mt+ copper-gold deposit.

'We look forward to reporting further results as they become available.'
Back