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Noricum Gold boss eyes early stage production targets in Georgia

Published: 07:51 20 Nov 2015 GMT

Greg Kuenzel, chief executive of Noricum Gold (LON:NMG) says the company is aiming to get its two priority targets - Tsitel Sopeli and Kvemo Bolnisi - into production within the next 12-18 months.

His comments come after the firm found a new copper target at Kvemo Bolnisi, one of the company’s two deposits in the Republic of Georgia.

Kuenzel said while Noricum was looking for gold primarily the discovery was a fantastic opportunity with potential to find a lot more copper on the prospect.

Both Tsitel Sopeli and Kvemo Bolnisi have the potential to lead to production and early stage cash flows.

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