LINGBAO COLD TO PURCHASE COLD DEPOSIT IN KYRG YZSTAN

摘要

Hong Kong-listed Ling-bao Gold Co. Ltd. has entered into an agreement with China Road and Bridge Corp. (CRB) to purchase the Istanbul gold deposit in the Kyrgyz Republic through its Kyrgyz-based subsidiary Full Gold Mining Ltd. for a consideration of 25.3 million dollars, Lingbao Gold announced on Feb 28. According to the announcement, the Istanbul deposit covers an area of approximately 1.82 square kilometers and contains approximately 23.48 tonnes of gold reserves, as well as an exploration area of approximately 8 sq km.