SouthGobi Resources Announces Official Registration With Government of Mongolia

SouthGobi Resources Ltd. (TSX:SGQ) is please announced that the Mineral Resource Authority of Mongolia (MRAM) has notified the company of the official registration of the Soumber coal deposit.

The press release is quoted as saying:

Mineral deposit registration is a prerequisite for applying for a Mining License. Under the Minerals Law of Mongolia, mining licenses are issued by MRAM. The initial term for a mining license is 30 years with an option for two 20-year extensions.

Having completed the resource registration step, SouthGobi intends to formally apply for the Soumber mining license in coming weeks.

To view the complete press release, click here.

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