HANKAVAN

3.16

USD/lb

-0.71

red

http://www.infomine.com/investment/metal-prices/copper/

Data as of Jun 18, 2013 12:00AM UTC

1,374.35

USD/oz

0.02

green

http://www.infomine.com/investment/metal-prices/gold/

Data as of Jun 19, 2013 04:36PM UTC

10.52

USD/lb

0.00

black

http://www.infomine.com/ChartsAndData/Chartbuilder.aspx?z=f&dr=1y&g=127676

Data as of Jun 18, 2013 12:00AM UTC

Key Facts

Status: Past Producer
Type of Work: Open-Pit/Underground

Location: Armenia
49 km North of Kentron

Commodities: Copper, Gold, Molybdenum

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Latest Information

November 30, 2006
Global Gold provided positive metallurgical test results from its wholly-owned Tukhmanuk and Hankavan mining properties in Armenia. The first phase of research to improve the recovery of metals within its processing plant at Tukhmanuk showed recoveries can be improved to 80 percent, while tests to assess the feasibility of a quick-start copper-focused mining option at Hankavan copper returned recoveries exceeding 80 percent.

November 30, 2006
Research was concluded to evaluate the potential of implementing a "Fast Start" business model which focuses upon the hydrometallurgical processing of the oxide ore zone to recover soluble copper with standard copper leaching technology. Drill core from the recent drill program on the oxide zone was subjected to a bottle-roll test in a sulfuric acid solution at ambient pressure and temperature where the pH of the solution was maintained at a constant level. Tests were conducted for varying periods up to 120 hours where the copper mineralization demonstrated high solubility at extended periods where recovery of copper exceeded 80.0 % and approached 90.0 % in one instance. With these encouraging results, the company plans to conduct an expanded drill program that will define the oxide zone and generate drill core for additional metallurgical testing. Additional metallurgical testing is required to confirm this initial research and to provide data required for design of the hydrometallurgical processing facility to recover copper.

August 2, 2006
A drill program was underway to follow up on the 2005 drill program.

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