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Bluebird Merchant's estimates for Kochang franked by Korean firm

Samples taken by KORES from a small section at Kochang indicated an indicated and inferred resource of 113,000oz
gold and silver
Kochang contains both gold and silver

A review by South Korean state-owned mining company KORES has confirmed Bluebird Merchant Ventures Ltd’s (LON:BMV) estimates of the potential of the Kochang mine.

Samples taken by KORES from a small section at Kochang indicated an indicated and inferred resource of 113,000oz compared to Bluebird’s 117,000oz.

READ: Bluebird Merchant brings narrow vein mining skills to bear in Korea

Grades recorded by KORES were higher at 6.55 g/t gold and 35.97 g/t silver.

Colin Patterson, Bluebird’s chief executive, said: "It is always pleasing to see corroboration of one's technical work. These results reinforce our opinion that Kochang has a good deal of life left in it.”

Kochang is one of two mines Bluebird aims to re-open by the end of 2019.

An application for a permit to develop Gubong, also in South Korea, was submitted on 23 January.

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