Bluebird Merchant - Gubong Permit Received
Bluebird Merchant Ventures Ltd
(the "Company" or "Bluebird")
Gubong Permit Received
Given this positive step for Bluebird, the Company is now very confident that the application for the 'Permit to Develop' the Kochang mine will soon be granted. All the necessary information has been submitted to the authorities and no negative issues have been raised.
The company will be reviewing its options for proceeding to production and will update the market in due course. The Company has also changed its accounting reference date to 31 December in order to align its year end and accounting process with the South Korean companies holding the permits.
"This is an exciting milestone for Bluebird and enables us to progress towards becoming a gold producer which will create significant value for our shareholders."
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR")
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+44 (0) 7797 859986
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+ 44 (0) 20 3470 0470
Notes to Editors
The Gubong mine was once the second largest producing gold mine in
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
This information is provided by RNS, the news service of the
Quick facts: Bluebird Merchant Ventures Ltd
Market Cap: £10.24 m
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