Business
Company Update
Company Update.
About this update from Altyngold Plc
[{"type":"text","content":"\n \n \n Company Update\n \n \n\n \n Goldbridges Gbl Res\n \n \n\n \n \n \n GoldBridges Global Resources Plc\n \n \n (\"GoldBridges\" or the \"Company\")\n \n \n Karasuyskoye Ore Fields Licence Update\n \n \n Highlights:\n \n \n \n Awarded 198km2 exploration licence for the \n Karasuyskoye Ore Fields adjacent to the Sekisovskoye gold mine;\n \n \n Licence permit includes trial mining and production for metallurgy \n testing purposes;\n \n \n The Karasuyskoye historical exploration database contains results \n from 73 drillholes, 22 sampling pits, and five trenches totaling 2 \n kilometres;\n \n \n Several mineralised gold zones already identified to be targeted in \n exploration.\n \n \n \n Aidar Assaubayev, CEO of GoldBridges, commented:\n \n \n “We are delighted to have now finalised the exploration licence for \n the Karasuyskoye Ore Fields. Our primary focus is expansion of our \n existing Sekisovskoye gold mine to achieve annualised gold production of \n 100,000oz by 2019. Our exploration on the adjacent Karasuyskoye \n Ore Fields will target mineralised gold zones already identified from \n historic exploration which we believe have to the potential to \n significantly increase gold production above the 100,000oz target in the \n longer term.â€\n \n \n Karasuyskoye Ore Fields Licence\n \n \n GoldBridges is pleased to announce that its subsidiary, Altai Ken \n Bayitu, has been awarded an exploration licence for the Karasuyskoye Ore \n Fields area in East Kazakhstan. Kazakhstan subsoil code allows for up to \n six years tenure for exploration contracts. This licence could be \n converted to a full subsoil use contract at any time during this period \n once a commercial discovery has been made. GoldBridges received the \n final confirmation of this licence from the Ministry of Investment and \n Development and is now ready to commence a detailed exploration \n programme including verification work of the extensive geological \n database that was previously purchased.\n \n \n In October 2013, GoldBridges acquired historic technical information \n pertaining to the Karasuyskoye Ore Fields, an area of approximately 198km2 \n adjacent to the Sekisovskoye concessions and production facilities. This \n geological data indicates that there are several mineralised zones and \n leads the Company to believe that Karasuyskoye has the...