Aurum Mining PLC
29 May 2007
For immediate release 29 May 2007
AURUM MINING PLC
('Aurum' or 'the Company')
Andash Mine Update
Aurum Mining plc (AIM: AUR), the gold-mining company focussed on the Former
Soviet Union, notes the recent press speculation and announces that the
Government of Kyrgyzstan has not suspended mining operations at the Andash gold
and copper deposit.
In line with its original plan, the Company continues to work with local
interested parties to meet regional and international social and environmental
standards. All of the commitments made in the Company's feasibility study, which
has been ratified by Kyrgyzstan authorities, are intended to be fully met.
Any concerns of the local community are being fully addressed by the Company.
Whilst this may slow some non-critical elements of the plan, the Company has no
reason to believe that the overall timing of its operational plan will be
impacted.
Mark Jones, Aurum Mining's Chief Executive, said: 'Aurum, through its local
subsidiary Andash Mining Company, has worked diligently and thoroughly
throughout the entire process, complying with all regulations of the Kyrgyzstan
Government. Personal meetings with senior government officials have confirmed
the Company's continuing good standing with the Kyrgyzstan Government.'
For further information:
Aurum Mining plc Tel: 020 7478 9050
Mark Jones, Chief Executive Officer
Chris Eadie, Chief Financial Officer
Arbuthnot Securities Tel: 020 7012 2000
Graham Swindells
John Toll
Buchanan Communications Tel: 020 7466 5000
Mark Court / Rebecca Skye Dietrich
Notes to editors
Aurum Mining, which joined the AIM market of the London Stock Exchange in May
2004, is a mining company focussed on gold opportunities in the Former Soviet
Union. Its principal asset is an exploration licence over the Andash gold and
copper project in the Kyrgyz Republic. A mining licence for Andash Zone 1 was
awarded by the Kyrgyz authorities in 2006. The bankable feasibility study
compiled by Wardell Armstrong International, also in 2006, confirmed a measured
and indicated resource base of 19.2 million tonnes at 1.1 grams per tonne of
gold and 0.4% copper, which equates to 1.1 million ozs of gold and gold
equivalent. Initial production at Andash Zone 1 is expected in 2008. The Andash
project also includes 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 Exchange
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