Market Overview

GobiMin's Positive Lab-Test Results on Bio-Tech Extraction for Sawayaerdun Gold Project


TORONTO, Sept. 04, 2018 (GLOBE NEWSWIRE) --

(TSXV:GMN) GobiMin Inc. (the "Company" or "GobiMin") is pleased to announce the engagement of General Research Institute for Nonferrous Metals (the "Research Institute"), an independent research institute in China, to conduct an industrial test on the gold processing methodology of the Sawayaerdun Gold Project.

GobiMin has engaged the Research Institute to perform laboratory test on possibility of application of bio-tech methodology on extraction of metals from gold ores and the lab-test results were positive. Under the proposed engagement, the Research Institute will conduct an industrial test on the gold processing methodology of the Sawayaerdun Gold Project on site by applying large scale samples to conduct a biological pre-oxidation - immersion gold test and will take about twelve months to prepare a test report to the Company.  

Subject to a satisfactory on-site test results, GobiMin will consider the feasibility on large-scale production of the Sawayaerdun Gold Project with the biological pre-oxidation - immersion gold technique, and formulate the corresponding development scheme which would substantially reduce the production costs of the Gold Project.

Further press release on the progress of the testing would be made once initial results are available, hopefully by early next year.

For further information, please contact:

Felipe Tan, Chief Executive Officer
Tel: (852) 3586-6500

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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