Bluebird Merchant rises on approval for gold project
15/06/2023 12:13
** Shares of Bluebird Merchant Ventures BMV.L rise as much
as 13.6% to 1.25p
** Co gets approval from Mines and Geosciences Bureau
(MGB) for its two-year community development plan at Batangas
Gold Project in the Philippines
** Says will implement plans to commence new drilling
campaign and an application for the environmental compliance
certificate
** "The approval of the Community Plan is a significant step
forward in the development plans for an underground gold mine at
Lobo in the Philippines ... where the potential for a high-grade
underground mine is clear" - CEO Colin Patterson
** As of last close, stock down 38.9% YTD
(Reporting by Hani Kollathodi in Bengaluru)
((Hani.Kollathodi@thomsonreuters.com;))