Georgian Mining Corporation Appointment of Senior Adviser (5701N)
August 10 2017 - 1:00AM
UK Regulatory
TIDMGEO
RNS Number : 5701N
Georgian Mining Corporation
10 August 2017
Georgian Mining Corporation / EPIC: GEO / Sector: Natural
Resources
10 August 2017
Georgian Mining Corporation
Appointment of Senior Adviser
Georgian Mining Corporation ('GEO' or the 'Company') is pleased
to announce the appointment of Mr. Mikhail Leskov, a process
engineer and metallurgist with more than 35 years' experience, as a
senior adviser to assist the Company in the development and
commencement of gold and copper production at the Kvemo Bolnisi
East Project ('KB' or the 'Project'). Mr Leskov will work closely
with the Company's JV partner, the owner of two adjacent producing
gold and copper mines and processing facilities at Madneuli and
Sakdrisi.
Mr Leskov has held board and senior management positions at a
number of leading mining companies in Russia, including GV Gold,
Atomredmetzoloto (ARMZ), Russian Platinum, and Severstal. During
his career he has been involved in approximately 700 projects at
various stages of development and covering a wide array of
minerals, including copper and gold, across Russia, CIS, Canada,
USA, Africa, Asia and Australia. His responsibilities have included
the management of scoping studies, metallurgical work for the
production of Ni, Cu, Zn, Pb, Co, Ag, Au, Pt, Pd and other metal
and non-metal mineral commodities, and the re-engineering of
development processes to optimise efficiencies and maximise
production.
Mr Leskov was founder and chairman of NBL Gold - later
registered as NBL International (UK), one of the first and the
largest engineering consulting groups in post-Soviet Russia. Prior
to founding NBL, he held various positions over a period of ten
years at the Ginalmazzoloto State Soviet Institute of Precious
Metals and Diamonds, a scientific and research institution focused
on the processing and refining of precious metals, including gold,
silver and platinum. Mr Leskov is currently also a Director of
Mining and Metals at American Appraisal Russia.
Mr Leskov was a member of the Board of the Union of Gold
Producers of Russia, a non-commercial organisation founded in 1995
to assist in the development of the gold mining and precious metals
industry in Russia.
Mr Leskov graduated as a mineral processing engineer from the
Moscow Institute of Steel and Alloys, specialising in Engineering
and Design for Mineral Processing/Beneficiation Plants. He has been
a member of the Association of Mining Analysts (UK) since 2004 and
the Russian Society of Experts for Sub-soil Use/OERN (NAEN) since
2013.
Georgian Mining Corp Managing Director Greg Kuenzel said, "The
addition of Mr Leskov's proven expertise in metallurgy, along with
his considerable experience in processing plant design, costing,
implementation and management will be of huge benefit to the
Company as we continue to advance our development programme at KB.
Having proven up initial Mineral Resources for both gold and copper
at KB our focus now turns to finalising the intial production
agreement with our JV partner as well as continuing with our phased
resource development targets."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
For further information please visit www.georgianmining.com or
contact:
Greg Kuenzel Georgian Mining Company Tel: 020 7907
Corporation 9327
Ewan Leggat S. P. Angel Corporate Nomad & Tel: 020 3470
Finance LLP Broker 0470
Soltan Tagiev S. P. Angel Corporate Nomad & Tel: 020 3470
Finance LLP Broker 0470
Damon Heath Shard Capital Partners Joint Broker Tel: 0207
LLP 186 9950
Frank Buhagiar St Brides Partners PR Tel: 020 7236
Ltd 1177
Susie Geliher St Brides Partners PR Tel: 020 7236
Ltd 1177
About Georgian Mining Corporation
Georgian Mining Corporation has 50% ownership and operational
control of the Bolnisi Copper and Gold Project in Georgia, situated
on the prolific Tethyan Belt, a well-known geological region and
host to many high-grade copper-gold deposits and producing mines.
The Bolnisi licence covers an area of over 860 sq km and has a
30-year mining licence with two advanced exploration projects;
Kvemo Bolnisi and Tsitsel Sopeli. These projects are nearby
existing mining operations owned by the Company's supportive joint
venture partner. Georgia has an established mining code and is a
jurisdiction open to direct foreign investment.
The Company is developing the project in three phases:
-- Phase 1: H1 2017 target to delineate a minimum of 1-2 Mt to
support initial spare capacity (now achieved and exceeded)
-- Phase 2: 2017 target to delineate a 3-5 Mt resource of
combined copper-gold sulphide and gold oxide mineralisation (on
target)
-- Phase 3: Long term target - to delineate a resource of 50Mt+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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