Global Gold Corp. (GBGD)

[BMAV1]

GBGD Fails to Disclose Problems at Tailings Dam in Armenia

Hey Mr. Van Z. Krikorian, Chairman, Director and Corporate Counsel of Global Gold!
Why did you fail to disclose this material event related to the Tailings Dam at your Toukhmanuk Project, owned by your subsidiary MEGO-GOLD, you primary asset?
What else have you failed to disclose or conveniently omit?

It appears your employees and local villagers at Meliq are opposed to your plans.

READ THE ARTICLE BELOW OR LINK TO IT HERE:

Mego Gold Company Intends to Construct Another Tailing Dump Besides Designed Third Tailing Dump (Photos)

EcoLur

Meliq villagers have to decide whether or not they agree “Mego Gold” Company to construct a new tailing dump in the territory of the village. This is what Meliq Village Head said in the course of public hearings on the project on 27 November. Like the previous tome, the minutes of the public hearings were not drawn up. It’s still unknown when the minutes will be drawn up as an official document and passed to the environmental expertise. It’s also not clear, what these minutes will include out of the expressed opinions. The public representatives considered this to be a violation of the procedure and didn’t sign under the list of participants, while the villagers expressed their extreme concern with project risks. First of all, these risks include two non-cultivated tailing dumps and a damaged irrigation system, as a result of which 60 families lost their harvest of the potatoes. People complain of bad ecology and problems with birth rate. The NGOs expressed such an opinion that the village is on the verge of resettlement, as these land areas will stop to be fertile, while after several months it won’t be possible to cultivate these land areas.

But this is not all. Besides the designed construction of the third tailing dump, the company intends to construct another tailing dump, as Mego Gold Company is going to expand its mining volumes in Tukhmanuk gold mine despite the accumulated debts.

More details about all this, about questions and answers raised in the course of the public hearings will be provided in upcoming news by EcoLur.