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LION Lionsgold

2.65
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lionsgold LSE:LION London Ordinary Share GG00B3M9KL68 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.65 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Lionsgold Limited Pilot Plant Testing Approval Received (4691U)

24/10/2017 11:25am

UK Regulatory


Lionsgold (LSE:LION)
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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

REALLFFIIFLSFID

(END) Dow Jones Newswires

October 24, 2017 06:25 ET (10:25 GMT)

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