TIDMBMV

RNS Number : 9466K

Bluebird Merchant Ventures Limited

16 April 2018

16 April 2018

Bluebird Merchant Ventures Ltd

(the "Company" or "Bluebird")

Ongoing progress at Gubong and Kochang

Bluebird Merchant Ventures (EPIC: BMV), the Asian focused resource development group is pleased to update on the ongoing progress at both the Gubong and Kochang mines.

Highlights:

   --      Water treatment plant commissioned at Gubong 
   --      Metallurgy work at Gubong expected to indicate a recovery greater than 85% 
   --      Mapping and sampling completed at Kochang 
   --      Over 400 samples sent to SGS for assay

As previously announced on 19 March 2018, the company has constructed a small water treatment plant at Gubong to ensure the water being released from the mine meets acceptable standards. The plant was commissioned on 9 April 2018 and the Company is can report that the desired results have been achieved. As work inside the mine progresses water entering the mine and any water used in reopening the mine will be routed through this plant.

This initiative has been well received by the local community and relationships with the village, county and provincial authorities strengthen every week as visible progress is being made.

The metallurgical test work on the Gubong oxidised ore is continuing. Initial results are expected to show a a recovery greater than 85%.

At Kochang, the mapping and sampling of all the available ore drives has been completed and the more than 400 samples have been dispatched for assay in China and Malaysia at SGS laboratories. Results are anticipated to be released in the next three weeks.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR")

Enquiries:

 
 Bluebird Merchant Ventures Ltd         +44 (0) 7797 859986 
 Jonathan Morley-Kirk, Non-Executive 
  Chairman 
  SP Angel Corporate Finance LLP 
   Ewan Leggat 
   Smaller Company Capital Ltd           + 44 (0) 20 3470 0470 
   Rupert Williams/Jeremy Woodgate        +44 (0) 20 3651 2910 
 
 Blytheweigh                            +44 (0) 20 7138 3204 
 Tim Blythe / Camilla Horsfall 
  / Nick Elwes

www.bluebirdmv.com

@BluebirdIR

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 16, 2018 02:25 ET (06:25 GMT)

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