2019-09-05 13:01 ET – News Release
Ms. Justine Magee reports
RTG TO ACQUIRE 90% STAKE IN THE HIGH GRADE CHANACH GOLD PROJECT IN THE KYRGYZ REPUBLIC
RTG Mining Inc. has entered into a sale and purchase agreement with White Cliff Minerals Ltd. (WCN) to acquire its majority (90 per cent) stake in the high-grade Chanach gold and copper project in the Kyrgyz Republic.
The Chanach project is located in the prolific southern Tien Shan metallogenic belt, which runs more than 1,500 kilometres from Uzbekistan through to China and hosts one of the world’s largest open-pit gold mines, Murantau (175 million ounces) with production believed to be in the order of two million ounces per annum. RTG have appointed Greg Hall of Phoenix Gold International and former chief geologist for Placer Dome as a consultant given his knowledge of the Chanach project and other projects in similar geological settings.