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Initial Drill Results at Kvemo Bolnisi, Georgia
Initial Drill Results at Kvemo Bolnisi, Georgia.
About this update from Empire Metals Limited
[{"type":"text","content":"\n \nRNS Number : 0042O Noricum Gold Limited 04 February 2016 \n\nClick on, or paste the following link into your web browser to view the associated PDF\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/0042O_-2016-2-3.pdf\n \n \nNoricum Gold Limited / EPIC: NMG / Sector: Natural Resources\n4 February 2016\nNoricum Gold Limited ('Noricum Gold' or 'the Company')\nInitial Drill Results at Kvemo Bolnisi Reiterate Potential for H2 2016 Gold Production\n \nNoricum Gold Limited, the European focused base and precious metals resource development company, is pleased to announce initial high grade, close-to-surface gold assay results received from an ongoing 19 hole diamond drill programme at Kvemo Bolnisi have highlighted the potential for early stage low cost gold production at the Bolnisi Project. \n \nKvemo Bolnisi is one of two outcropping mineralised priority targets at the 861 km2 Bolnisi Project, Georgia ('Bolnisi' or the 'Project') which have been identified as having the potential to be fast tracked into production. \n \nHighlights\n \n· Results from the first batch of drill holes include:\no KBPDH006 - 4.2m @ 5.91g/t gold (\"Au\") from 0m\no KBPDH005 - 4.8m @ 1.05 g/t Au from 0.6m\n \n· Drill campaign focused on generating a resource from outcropping shallow secondary quartzite high grade gold mineralisation for mine planning \n \n· Drilling will continue over the coming weeks and will be followed by pit design and mine planning with first production targeted H2 2016\n \n· Re-assay work as part of the JORC conversion process continues to show good correlation providing a high degree of confidence in the precision and accuracy of historic assay data \n \nNoricum CEO Greg Kuenzel said, \"These excellent initial results from our ongoing drill programme at Kvemo Bolnisi continue to highlight the potential for early stage low cost production at the first of our starter pit targets. With little or no stripping, this shallow secondary quartzite gold mineralisation presents a unique opportunity for us to leverage off the existing infrastructure and heap leach operation owned by our local partner. With work now well underway, we will be focusing on completing the drilling over the ...