The Conversation (0)
Under the new Albanian Mining Law, exploration tenements for Golden Touch Resources Corp. (TSXV:GOT,FWB:0GT) have been renewed for 12 months: Gold Project tenement (Prospecting and Exploration Licence 1124 – “PEL 1124”), and Chromite Project tenement (Prospecting and Exploration Licence 1375 – “PEL 1375”).
As quoted in the press release:
PEL 1376 covering the platinum project was renewed in November and drilling is underway on that tenement.
The renewals have taken longer than expected due to the implementation of a new Mining Law in Albania that has been considerably delayed by internal government processes. However, Golden Touch is of the view that the renewals under the new law provide the Company with a much higher level of security of title going forward through the exploration phase to mining.
The renewal of PEL 1124, covering the Rubik Gold Project, allows the Company to start the planning of its 2012 exploration program with confidence. Exploration activity undertaken by the Company within PEL 1124 in 2011 has substantially improved both the potential and geological understanding of the Project. The work included a 26 hole diamond drilling program, which was completed in September and a program of geological mapping and geophysical traversing, still in progress.
Click here to read the Golden Touch Resources Corp. (TSXV:GOT,FWB:0GT) press release
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