Persian Gold PLC told shareholders at today’s AGM that operations continue as normal in Iran and that it is planning to expand its interests to Persian speaking areas outside the country.
The Ireland-based gold explorer said it is considering projects other than gold or copper/gold for the expansion. It has identified several projects with significant potential, and it will require partners to explore these.
Persian Gold is currently awaiting the issue of a discovery certificate on the Cheh-e-Zard gold deposit in central Iran prior to undertaking a full feasibility study. A scoping study shows healthy returns on developing the oxide deposit of 160,000 ounces of gold and 1 million ounces of silver, it said.
It is also finalising an application for a discovery certificate on the Dalli copper/gold deposit in the country. A simple conceptual study suggests that a small mine may be viable, it added.www.proactiveinvestors.co.uk
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