Bluebird Merchant Ventures Limited AGM Results (9719Y)
08 Enero 2020 - 01:00AM
UK Regulatory
TIDMBMV
RNS Number : 9719Y
Bluebird Merchant Ventures Limited
08 January 2020
Bluebird Merchant Ventures Ltd
(the "Company" or "Bluebird")
Notice of AGM
Bluebird Merchant Ventures (EPIC: BMV), announces that its
Annual General Meeting (AGM) held at 9 a.m. on 28 December 2019 at
2(nd) Floor, Woodford House, Peter Street, St Helier, Jersey, JE2
4SP, all resolutions were duly passed.
Enquiries:
Bluebird Merchant Ventures Ltd +44 (0) 7797 859986
Jonathan Morley-Kirk, Non-Executive
Chairman
www.bluebirdmv.com
@BluebirdIR
Notes to Editors
The Gubong mine was once the second largest producing gold mine
in South Korea until its closure in 1971 when gold prices were
US$40 per ounce. The mine consists of nine shallow dipping stacked
veins. Although production was mainly from vein number six, five
other veins were mined from 1928 until its closure. Over 17,000
metres of drilling was carried out over the years and there are
over 120 kilometres of existing underground development.
The Kochang mine is a gold-silver mine that operated between
1928 and 1975 and produced over five million ounces of silver at
over 1000 g/t and 110,000 ounces of gold at 19.6 g/t. This gold
production was mainly derived from the three main veins at the
North East end of the "Gold Mine" part of Kochang, with the
majority of the silver production from the "Silver Mine" some 2.5
kilometres to the south west. The mine closed in 1975 when the gold
price was USD 140 per ounce. Today the mine consists of three
steeply dipping veins. Bluebird has opened up three kilometres of
original development, taken over 400 samples and has confirmed
process viability by carrying out initial metallurgical test
work.
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END
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