Business
Update on Adjara, Georgia
Update on Adjara, Georgia.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n Templar Minerals Limited 11 August 2008 \n \nFor Immediate Release 11 August, 2008\nTemplar Minerals PLC\n(\"Templar\" or the \"Company\")\n\nUpdate - Georgia\nTemplar withdraws all Staff from Georgia due to Current Security Situation.\n\nTemplar Minerals (AIM: TMP), advises that it has temporarily withdrawn the majority of its personnel from its Adjara gold and base metals exploration project in Georgia due to the current security situation. Adjara is situated in southern Georgia on the Turkish border. Templar acquired a 90% interest in the Adjara project in September 2007. \n\nTemplar are maintaining a limited local presence thereby minimising the Company's expenditure commitments. Communications have been sent to the Government of Georgia advising them of the Company's position.\n\nThe Company will be closely monitoring the situation on the ground and will advise the market of any changes. The Adjara project is still in the initial stages of its development with Phase 1 drilling having been completed, as set out in the announcement dated 12 June 2008\n\nContacts:\n\nTemplar Minerals Limited: +27 79 872 7587\nGordon Cassidy, Finance Director\n\nBeaumont Cornish Limited: +44 (0) 20 7628 3396\nRoland Cornish, Rosalind Hill Abrahams\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLFLFFVVBBBBF\n\n","length":4065,"tagName":"div"}]