Aurum Mining PLC
05 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 other
mineral extraction projects in the Former Soviet Union (FSU), is pleased to
announce that the executive summary of the recently completed feasibility study
for the proposed mine at Andash Zone 1 in the Kyrgyz Republic is now available
on the Company's website along with key financial data. The full study will be
posted on the Company's website in due course.
The feasibility study confirms a proven and probable reserve at Andash Zone 1 of
more than 1.2 million ozs of gold and gold equivalent. It also confirms that the
open-cast Andash operation will combine low costs with high production rates.
The study, the completion of which was announced on 19 December 2006, was
compiled by Wardell Armstrong International (WAI), a leading UK mining
consultant with particular expertise in the FSU, in association with engineering
consultants GMB and ground engineering and environmental services group Golder
Associates.
To view the study please visit the Company's website at www.aurumming.net, or go
directly to the link www.aurummining.net/articles/index.php?id=45
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 joined the AIM market of the London Stock Exchange in May 2004 with
the strategy of seeking, evaluating and acquiring gold and other mineral
extraction projects in the Former Soviet Union (FSU). In January 2005 the
Company completed its first acquisition, giving the Company an exploration
licence over the Andash gold and copper project in the Kyrgyz Republic. Mining
consultant Wardell Armstrong International has confirmed a JORC resource
estimate of 1.49 million ozs of gold and gold equivalent in Andash Zone 1 in
Measured and Indicated categories. A Mining Licence for the Andash area was
awarded by the Kyrgyz authorities in November 2006. The feasibility study for
Zone 1 was completed in December 2006, allowing production to begin in 2008. The
Andash 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 Exchange
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