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Eurasia gives update on projects

By BFN News | 03:33 PM | Tuesday 17 January, 2017

Eurasia Mining has issued an update on the Monchetundra PGM Project, Kola Peninsula, NW Russia, and West Kytlim Platinum and Gold Mine, Ural Mountains. Managing director Christian Schaffalitzky said: "It is encouraging to have had an initial response from GKZ (the State Commission on Mineral Reserves) who are now actively working on approval of the Monchetundra TEO/Feasibility Study. "Our experience in successfully attaining a Mining License at West Kytlim has proven that good communication and information exchange between the applicant and issuer is a good indication of a successful and timely application. "Our working relationship with SKRS at West Kytlim throughout 2016 was both amicable and mutually beneficial. It is however imperative from a KK point of view to ensure SKRS deploys the necessary capital to allow the project to expand, in this the second year of production. "Whilst there can be no guarantee that this will occur, we remain confident that there is interest on both sides to reaching an agreement on this matter." At 3:33pm: (LON:EUA) Eurasia Mining PLC share price was 0p at 0.68p Story provided by

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