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Noricum Gold PLC on track for Q3 production at Bolnisi, says MD

Noricum Gold PLC (LON:NMG) has stepped up the pace to get its Kvemo Bolnisi deposit in Georgia into production this year as a second drill rig has been brought on site.

Greg Kuenzel, managing director of Noricum, says the drill program underway at the moment is focused on the first of its starter pits, and resource drilling should be completed by the end of the month.

“Once that’s completed, we will continue to work with our resource consultant on finalising the resource numbers,” he says, adding that the firm is also working on pit design and mine planning, with the firm “on track” to reach production by the third quarter.

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