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eom7

06/07/12 1:51 PM

#467 RE: BMAV #466

lol! Read this... should answer all your questions:

2011 Behre Dolbear Independent Technical Report on Toukhmanuk and Getik

http://globalgoldcorp.com/docs/20111017_J11_163_Global_Gold_Toukhmanuk_and_Getik_43_101_report.pdf
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BMAV

06/13/12 1:51 PM

#474 RE: BMAV #466

Yes read the report and you will be confused like any professional in the mining industry will be.

1. Can you really transfer GKZ style reserves to resources? (NOT REALLY, it still needs Confirmation!)
2. Can you use the data compiled by Global Gold after 2001, since none of the work was supervised by a Qualified Person as defined by CIM and the NI 43-101

Much of this data must be reviewed by a Qualified Person, (local Armenian Geologists are not Qualified under CIM) before it can be accepted as a qualified NI 43-101 report.

Also , the author of this report does state that Global is required to mine 80,000 tonnes a year and invest approximately $1,200,000 a year in exploration. Global Gold has not done this and appears to be in default.

see my blog: Is the TOUKHMANUK License at RISK of being CANCELLED?

LOL

READ MY BLOG and READ the 43-101.
Is there any Gold in the Toukhmanuk Mine in Armenia, worth mining?