Business
Operations Update
Operations Update.
About this update from Empire Metals Limited
[{"type":"text","content":"\n \nRNS Number : 2838X Georgian Mining Corporation 23 November 2017 \n\nGeorgian Mining Corporation / EPIC: GEO / Sector: Natural Resources\n22 November 2017\nGeorgian Mining Corporation\nOperations Update \n \nGeorgian Mining Corporation ('GEO' or the 'Company') is pleased to provide an update on the exploration and mineral resource development programmes underway across multiple targets within its 860 sq km licence on the Tethyan Belt in Georgia, including the Kvemo Bolnisi East Project ('KB' or the 'KB Project'). To view the press release with the illustrative maps and diagrams please use the following link: \nhttp://www.rns-pdf.londonstockexchange.com/rns/2838X_-2017-11-22.pdf\n \nKvemo Bolnisi East Project targeting a 50MT+ copper - gold resource \n· New discovery 150m to the west of the GZ2 Mineral Resource, now called Gold Zone 3 ('GZ3') indicates scope for significant growth in tonnage - previously announced diluted intercept of 0.65g/t Au over 143.8m from 117.20m (TGD093) including:\no 1.2m @35g/t Au from 67.0m\no 75.3m@ 0.46g/t Au from 117.2m \no 56.0m @1.03g/t Au from 205.0m\n· Core logging indicates that two additional holes drilled at GZ3 have intersected the same mineralisation style extending the strike length in the process - assays underway\n· Geochemical multi element data between GZ2 and GZ3 drill holes indicate that the two zones may be connected at depth\n· New linear gold in soil anomaly and drill target that may increase the KB gold Resource highlighted by gold in soil geochemical surveys to the south of the KB Mineral Resource\no KB has a current JORC Resource of 3.154Mt @ 0.82% Cu & 0.14g/t Au and a gold oxide resource of 2.29Mt @ 0.85g/t Au\n· Updated Mineral Resource on gold and copper based on the latest round of drilling which focused on the immediate environs around the GZ2 mineralisation expected from external resource consultants within weeks \n· Metallurgical test work continues on gold oxide ores from the KB Project \n· Negotiations continue in relation to the Company's proposed KB gold oxide production and processing agreement and updates will be provided in due cou...