Ann: Access points located at Gubong Gold Mine, South Korea, page-23

With the BMV production model working on a lower depth of the mone & not the deeper sections which are flooded they will not be able to confirm the 550k Oz based on the KORES resource figure.   Due to a smaller section of the mine they will be developing in the 1st develpment phase.



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The model of the mine that Bluebird has developed shows it to be approximately 2km on dip and 1.5 km on strike. The area under examination has 5 surrounding areas which have further underground workings at various depths.

The main mine is now confirmed at an approximate depth of 500 metres below ground (valley) level. This is encouraging news on two counts; Orogenic Deposits such as Gubong typically exhibit depths of 2km and more, which suggests that there is plenty of scope for extending the resource and future life of the mine. It also means that the future cost of dewatering is reduced considerably from initial expectations.

The Company has selected the upper workings of the mine as the initial target for production as it is above the valley floor and not flooded. Whilst dewatering parts of the mine is not expected to be problematic, access is more easily gained into the dry areas of the mine and dewatering can be achieved from cashflow.

https://www.investegate.co.uk/blueb...al-update-at-gubong-mine/201710030700045158S/