Business
Feasibility Study Online
Feasibility Study Online.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n Aurum Mining PLC\n05 January 2007\n\n\nFor immediate release 5 January 2007\n\n\n AURUM MINING PLC\n ('Aurum' or 'the Company')\n\n\n Feasibility Study accessible on Aurum's website\n\n\nAurum Mining plc (AIM: AUR), the company formed to acquire gold and other\nmineral extraction projects in the Former Soviet Union (FSU), is pleased to\nannounce that the executive summary of the recently completed feasibility study\nfor the proposed mine at Andash Zone 1 in the Kyrgyz Republic is now available\non the Company's website along with key financial data. The full study will be\nposted on the Company's website in due course.\n\n\nThe feasibility study confirms a proven and probable reserve at Andash Zone 1 of\nmore than 1.2 million ozs of gold and gold equivalent. It also confirms that the\nopen-cast Andash operation will combine low costs with high production rates.\n\n\nThe study, the completion of which was announced on 19 December 2006, was\ncompiled by Wardell Armstrong International (WAI), a leading UK mining\nconsultant with particular expertise in the FSU, in association with engineering\nconsultants GMB and ground engineering and environmental services group Golder\nAssociates.\n\n\nTo view the study please visit the Company's website at www.aurumming.net, or go\ndirectly to the link www.aurummining.net/articles/index.php?id=45\n\n\nFor further information:\n\nAurum Mining plc Tel: 020 7478 9050\nMark Jones, Chief Executive Officer\nChris Eadie, Chief Financial Officer\n\nArbuthnot Securities Tel: 020 7012 2000\nGraham Swindells\nJohn Toll\n\nBuchanan Communications Tel: 020 7466 5000\nMark Court / Rebecca Skye Dietrich\n\n\nNotes to editors\n\n\nAurum Mining joined the AIM market of the London Stock Exchange in May 2004 with\nthe strategy of seeking, evaluating and acquiring gold and other mineral\nextraction projects in the Former Soviet Union (FSU). In January 2005 the\nCompany completed its first acquisition, giving the Company an exploration\nlicence over the Andash gold and copper project in the Kyrgyz Republic. Mining\nconsultant Wardell Armstrong International has confirmed a JORC resource\nestimate of 1.49 million ozs of gold and gold equivalent in Andash Zone 1 in\nMeasured and Indicated categories. A Mining Licence for the Andash area was\nawarded by the Kyrgyz authorities in November 2006. The feasibility study...