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Friday, 17th June 2005 (4312 views)

A London-based mining company has announced that it has made an "important" gold discovery in Bulgaria.<br/><br/>Cambridge Mineral Resources (CMR) said that its Bulgarian subsidiary had found gold mineralisation at its Polski Gradets permit.<br/><br/>Located in central Bulgaria near the town of Topolovgrad, the Polski Gradets permit is to be worked by CMR through a joint venture agreement with Ivanhoe Mines, which is currently funding exploration at the site.<br/><br/>According to CMR, the type of gold mineralisation discovered is one rarely found in Bulgaria, bearing a resemblance to the Carlin-type gold deposits of Nevada, USA, the Sofia News Agency reports.<br/><br/>A substantial drilling campaign is planned for the summer. CMR has further interests in joint ventures with Ivanhoe Mines in both Bulgaria and Serbia.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8768178"/>

 

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