5th Jan 2007 13:32
Aurum Mining PLC05 January 2007 For immediate release 5 January 2007 AURUM MINING PLC ("Aurum" or "the Company") Feasibility Study accessible on Aurum's website Aurum Mining plc (AIM: AUR), the company formed to acquire gold and othermineral extraction projects in the Former Soviet Union (FSU), is pleased toannounce that the executive summary of the recently completed feasibility studyfor the proposed mine at Andash Zone 1 in the Kyrgyz Republic is now availableon the Company's website along with key financial data. The full study will beposted on the Company's website in due course. The feasibility study confirms a proven and probable reserve at Andash Zone 1 ofmore than 1.2 million ozs of gold and gold equivalent. It also confirms that theopen-cast Andash operation will combine low costs with high production rates. The study, the completion of which was announced on 19 December 2006, wascompiled by Wardell Armstrong International (WAI), a leading UK miningconsultant with particular expertise in the FSU, in association with engineeringconsultants GMB and ground engineering and environmental services group GolderAssociates. To view the study please visit the Company's website at www.aurumming.net, or godirectly to the link www.aurummining.net/articles/index.php?id=45 For further information: Aurum Mining plc Tel: 020 7478 9050Mark Jones, Chief Executive OfficerChris Eadie, Chief Financial Officer Arbuthnot Securities Tel: 020 7012 2000Graham SwindellsJohn Toll Buchanan Communications Tel: 020 7466 5000Mark Court / Rebecca Skye Dietrich Notes to editors Aurum Mining joined the AIM market of the London Stock Exchange in May 2004 withthe strategy of seeking, evaluating and acquiring gold and other mineralextraction projects in the Former Soviet Union (FSU). In January 2005 theCompany completed its first acquisition, giving the Company an explorationlicence over the Andash gold and copper project in the Kyrgyz Republic. Miningconsultant Wardell Armstrong International has confirmed a JORC resourceestimate of 1.49 million ozs of gold and gold equivalent in Andash Zone 1 inMeasured and Indicated categories. A Mining Licence for the Andash area wasawarded by the Kyrgyz authorities in November 2006. The feasibility study forZone 1 was completed in December 2006, allowing production to begin in 2008. TheAndash project also includes the Zone 2 and Zone 3 along with Tokhtonysay,Nakhodka and three other additional exploration areas. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Shearwater