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Georgian Mining Corporation – 2018 Work Programme and MoU for Production at Kvemo Bolnisi Project

Georgian Mining Corporation is pleased to announce that it has agreed a 2018 Work Programme (the ‘Programme’) with its partner Caucasian Mining Group (‘CMG’) to proceed with the development of the Kvemo Bolnisi gold-copper project (‘KB’ or the ‘KB Project’), and to perform further regional exploration at the 860 sq km licence (‘the Licence’) located on the Tethyan Belt in Georgia.  In line with this, the Company’s 50% owned subsidiary, Georgian Copper & Gold JSC (‘GCG’), has entered into a Memorandum of Understanding (‘MoU’) with RMG Gold LLC, (‘RMG’), CMG’s sister production company, relating to the mining and processing of ore from the Kvemo Bolnisi East target (‘KBE’).

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