Bluebird Merchant Ventures Ltd. (GB:BMV) has released an update.
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Bluebird Merchant Ventures Ltd, a company focused on resurrecting historic gold mines, has announced a significant US$5 million Farm-out Agreement to develop South Korea’s Gubong Gold Project. This deal, with a consortium of South Korean businessmen, offers Bluebird a free carry to production, meaning they won’t have to contribute to development costs. The agreement underlines the shared confidence in Gubong’s potential, once the country’s second largest gold mine, and Bluebird’s ongoing commitment to reviving high-grade mining projects.
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