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Robust takes onwership of Talas

20th March 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Precious and base metals developer Robust Resources has taken full ownership of the Talas copper gold project, in the Kyrgyz Republic, after completing a transaction with Gold Fields Orogen Holding BVI.

In December last year, Robust announced that it had signed a binding heads of agreement with a subsidiary of Gold Fields to acquire the Talas project in a deal valued at $5-million.

The project consists of four mineral concessions covering 36 854 ha, with two of the concessions sharing a border with Robust’s Andash gold/copper project.

The project has an indicated resource of 116.5-million tonnes, grading 0.6 g/t gold and 0.19% copper, for 2.3-million ounces of gold and 488-million pounds of copper, as well as an inferred resource of 336.5-million tonnes, grading 0.4 g/t gold and 0.16% copper.

Edited by Creamer Media Reporter

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