PrimeZone Media Network
July 13, 2005 Wednesday 12:41 PM EST
Global Gold Corporation Announces Commencement of Production at Santa
Candalaria and Further Exploration in both Chile and Armenia at
Annual Meeting
GREENWICH, Conn., July 13, 2005 (PRIMEZONE) — Global Gold
Corporation (OTCBB:GBGD) () held its annual
shareholders’ meeting today and announced that it commenced small
scale production at its Santa Candalaria mine in Chile. In addition,
the company announced that its drilling programs at the same property
in Chile as well as at its Hankavan property in Armenia have
commenced. By an over Eighty-Seven percent vote, the shareholders
re-elected the current Board of Directors and expressed support for
the company’s strategy and development. Re-elected as directors were:
Drury J. Gallagher-Chairman, Van Z. Krikorian – President, and
independent directors Nicholas Aynilian of NJA Investments, Ian Hague
partner at Firebird Management, LLC, and Mike Mason owner of Mineral
Services, LLC.
Global Gold acquired the Santa Candalaria mine in 2003 from the
previous operators, and conducted IP testing and other exploration on
the property leading to the current drilling program in the
identified alteration zone. After preparatory works were completed,
production commenced today on one of the vein structures previously
mined at an anticipated rate of 600 tons per month with sales to the
Chilean smelter Enami. In other developments, Lester Caesar,
previously Chief Accounting Officer became the company’s Chief
Financial Officer, and Allen Roth, PA was selected as the company’s
outside auditor.
Global Gold Corporation is an international gold mining, development
and exploration company with mining properties in Chile and Armenia.
Global Gold Corporation is located at 104 Field Point Road,
Greenwich, CT 06830. The main phone number is 203-422-2300. More
information can be found at
To the extent that statements in this press release are not strictly
historical, including statements as to revenue projections, business
strategy, outlook, objectives, future milestones, plans, intentions,
goals, future financial conditions, future collaboration agreements,
the success of the Company’s development, events conditioned on
stockholder or other approval, or otherwise as to future events, such
statements are forward-looking, and are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. The forward-looking statements contained in this release are
subject to certain risks and uncertainties that could cause actual
results to differ materially from the statements made.
From: Emil Lazarian | Ararat NewsPress