Ongoing progress at Gubong and Kochang

April 16, 2018

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”)