BMG looks to Bulgaria

TRANSCONTINENTAL Group-backed BMG Resources is poised to enter the Bulgarian mining and exploration sector, with options to secure advanced precious and base metals opportunities it describes as “transformational” after almost two years of slumber.

BMG looks to Bulgaria BMG looks to Bulgaria BMG looks to Bulgaria BMG looks to Bulgaria BMG looks to Bulgaria

Bulgaria may not be the first country investors equate with gold mining, but it is Europe's sixth-largest coal producer and it has significant copper operations with a sprinkling of gold mines.

Mining, which employs some 120,000 people, generates about 5% of gross domestic product, and BMG is keen to get in on the action. 

The Trun, Babyak, Srebren and Zidarova/Varshilo projects have substantial mineral resources for a mix of gold, silver, lead, zinc, copper and molybdenum under the Bulgarian mineral resource code.

CSA Global will assess and transform into the JORC 2012 regime.

While few details have been made public about BMG’s first move outside the Treasure project in Cyprus since 2016 – ignoring an aborted move into fitness technologies in 2015 – the call ...