Bluebird RNS: Progress at Kochang and Gubong Gold Projects
- Bluebird Merchant Ventures release to London Stock Exchange
- Access gained to the RL265 level at Kochang where remnant and broken ore was discovered in old production zones with “excellent ground conditions”
- Results from drilling of tailings and waste rock stockpiles at Gubong with “significant” surface gold results returned
Bluebird Merchant Ventures Ltd Public Release
Southern Gold Ltd (“Southern Gold”) advises that its development partner, London Stock Exchange (LSE) listed Bluebird Merchant Ventures Ltd (“Bluebird”), has released some information through the LSE information distribution platform, RNS. The information in this latest RNS is in regard to Southern Gold’s Gubong and Kochang Gold Projects in South Korea where Bluebird is currently earning a 50% equity interest.The RNS can be seen on their website at:
The results or statements in this RNS have not been verified by the Southern Gold board as at the time of writing.
Bluebird is currently investing a total of US$1 million in the advancement of the historic Gubong and Kochang Gold Mines principally by defining a development framework to advance the projects on a capital cost of less than US$10 million.The report and development framework is due to be submitted to Southern Gold in mid-2018.See Southern Gold ASX release dated 27 March 2017 for further details.