Lionsgold Limited Pilot Plant Testing Approval Received (4691U)
October 24 2017 - 6:25AM
UK Regulatory
TIDMLION
RNS Number : 4691U
Lionsgold Limited
24 October 2017
24 October 2017
Lionsgold Limited
("Lionsgold", "LION" or the "Company")
Pilot Plant Testing Approval Received
Lionsgold, the gold-focused exploration company with assets in
India and Finland, and a fintech subsidiary that provides online
accounts for holding physical gold, is pleased to provide an update
regarding its Finnish incorporated joint venture ("JV") operating
company, Kalevala Gold Oy ("Kalevala"), which holds more than
300km(2) under licence in the Suomussalmi region of eastern
Finland, including the Kuikka gold deposit.
Kalevala has now received government permission for an initial
200 tonne test ore sample from Kuikka which is planned to be
carried out in November. The sample will assist in the optimisation
of the pilot plant recovery and operating procedures for the 5,000
tonne bulk sampling programme which is planned but still subject to
government approval.
Cameron Parry, Lionsgold CEO, commented: "Further to our
announcement dated 5 October, we are pleased to report that
Lionsgold's JV company Kalevala has received government approval to
carry out testing of our processing equipment on 200 tonnes of gold
ore from the Kuikka project.
"This is an important precursor to the 5,000 tonnes bulk
sampling campaign that is planned at Kuikka, subject to government
environmental permission being granted for bulk sampling in due
course."
For further information, please visit www.lionsgold.com or
contact:
Lionsgold Limited Tel: +44 (0)20 3778 0578
Cameron Parry (Chief Executive Officer)
Luke Cairns (Executive Director)
WH Ireland Limited (Nominated Adviser) Tel: +44 (0)113 394 6600
Tim Feather / Ed Allsopp
Smaller Company Capital Limited (Joint Broker) Tel: +44 (0)20 3651 2911
Rupert Williams / Jeremy Woodgate
Beaufort Securities Limited (Joint Broker) Tel: +44 (0)20 7382 8300
Elliot Hance
Tavistock (Financial PR) Tel: +44 (0) 207 920 3150
Emily Fenton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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