Dundee expands exploration assets in Bulgaria
Dundee’s subsidiary in Bulgaria obtained the exploration permit for exploration and geological survey of two new locations.
The Bulgarian government has allowed a subsidiary of Canada-based Dundee Precious Metals to explore a field in Bansko municipality, Southwestern Bulgaria, for metallic minerals.
Dundee Precious Metals Krumovgrad will now be able to explore the fields near the villages of Gostun and Osenovo for a period of three years, investing a minimum of BGN 131 150 (more than BGN 65 000) in geological surveys, the cabinet’s press office said after a ministerial meeting on Wednesday.
Dundee will also invest BGN 4500 in activities to preserve the environment.
The cabinet is quoted as saying at its meeting that the step will allow the increase in the volume of geological information about Bulgaria’s territory.
Source: Novinite
Latest Posts
- Bosnia and Herzegovina, Discovered a gold deposit near Srebrenica
- Region, What next for the big miners?
- Resource Mining Corporation acquires highly prospective nickel and lithium tenements in Finland
- Erdene Resource Development Corp. reported results from recent drilling at the 100%-owned Dark Horse prospect
- Atalaya Mining provides exploration update on its projects in Spain
Popular Post
- Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition
- What Are The Major Natural Resources Of Macedonia?
- Rio Tinto is ecological catastrophe for Serbian citizens
- Region, What next for the big miners?
- Israeli Investment Group offers 30.7 mln euro for majority stake in Bosnian miner RZR Ljubija
- How valuable is Kosovo’s mineral wealth?
- Plymouth Minerals gains expansion approval for San Jose project, Spain
- Euromax mine operations in North Macedonia face new local protests
- Mining in Amulsar and territory conflict between Armenia and Azerbaijan
- One of the future largest zinc mines in Europe located in Montenegro