/ marketwire: SouthGobi receives mining license for Soumber deposit

SouthGobi Resources announced today that the Mineral Resource Authority of Mongolia (MRAM) has issued mining license MV-016869 to its wholly-owned Mongolian operating subsidiary SouthGobi Sands LLC. The new license pertains to the resource previously disclosed by the Company under NI 43-101 standards as the Soumber Deposit. The Soumber Deposit is approximately 20 kilometres east of SouthGobi’s flagship Ovoot Tolgoi Mine. An independent NI 43-101 resource estimate for Soumber was prepared in January, 2011 by Minarco-MineConsult (“MMC”). MMC estimated 61.4 million tonnes of measured and indicated resources and 65.8 million tonnes of inferred resources. To read the full article, click hereSouthGobi receives mining license for Soumber deposit

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