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Treliver Minerals Ltd. takes over Saxore Bergbau GmbH 19th December 2013, Pöhla (Germany) With today's inaugural visit at the the Saxon Mining Authority, the acquisition process of Saxore Bergbau GmbH was completed by the British mineral exploration company Treliver Minerals Ltd. This new chapter in the mineral exploration in the Western Erzgebirge already started in 2010 with the issuance of exploration permits in the licence areas of Eibenstock, Kottenheide and Breitenbrunn-Indo to the Australian company Indo Gold Ltd. Extensive geological and mineralogical processing studies are planned for the coming 18 months. For example, a three-dimensional model of the deposits will be created and new boreholes will be drilled to clarify the depth range of the tin occurrences within the Eibenstock area, which have been mined in the Middle Ages. A total of at least 2 million USD will be invested (1.5 million EUR) during the mentioned period. The goal is to provide a preliminary feasibility study in 2015. As the Managing Directors Mark Thomson (Treliver), Andreas Barth (Saxore, Beak) , Antony Truelove (Saxore) and the Project Manager Marco Roscher (Beak) explained, they are firmly convinced to be able to take this - for the region, Saxony, Germany and Europe extremely important mineral resources project – to a success. |
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