No Reserves at Marjan - Confirmed by Armenian Politician

I discovered documents which were hidden by GBGD and Mr. Van Krikorian. These documents were official letters from the Armenian State Natural Resources Agency ("aka GKZ") addressed to GBGD's subsidiary. From the documents it is clear that in December 2007, GBGD's subsidiary had applied for approval of reserves on the Marjan project with the Armenian GKZ but the application for reserves was terminated by the Armenian GKZ on December 2008 due to incomplete application made by GBGD's subsidiary. This, 8 months after the Mining License HA-L-14/526 was issued on April 22, 2008.  Under the Armenian Mining Code it is illegal to issue a Mining License without approved mineral reserves and a mining license can not be issued without proper documentation in place.  It is evident that the Ministry did not follow its own laws and bureaucrats at the Ministry approved the issuance of mining license and permits illegally, and in complete contravention of the Armenian Mining Code. This a clear indication that the bureaucrats at the ministry were corrupted.

To this date, there are currently no official reserves for Marjan License which implies that the license is illegal and can be terminated by the Armenian state at anytime. This opinion was also made public by the former Minister of the Environment and current Member of Parliament of the National Assembly of the Republic of Armenia, Mr.Vardan Ayvazyan (see Armenian Language YouTube videos below).

http://youtu.be/mfrBrkz18t4

http://youtu.be/h1TGq9iXkMk



Bill Mavridis
Tel: 514-813-9200

About this Blog:  Between 2009 and 2012 I was an active investor in the mineral exploration sector in the Republic of Armenia.  Our main project in Armenia was the MARJAN polymetallic gold and silver project located in near Sissian.  My JV partner, Mr. Van Z. Krikorian, President of Global Gold Corp (otcqb: GBGD) and Trustee of the Armenian Assembly of America, used corrupt means including using his influence with the US EMBASSY in YEREVAN to secure an indictment against me for theft of the JV and to corrupt the Armenia judicial system to give him a favourable ruling.

Mr. Van Z. Krikorian is the President, CEO and Legal Counsel of Global Gold Corp. (otcqb:GBGD), a penny stock listed on the OTC  markets. His public filings with the US Securities and Exchange Commission  fail to fully disclose the reality on the ground in Armenia in the promotion and development of GBGD's gold project, the TOUKHMANUK GOLD MINE.

This blog is an effort to bring transparency of the activities of Global God Corp. (otcqb: GBGD) and Mr. Van Z. Krikorian in Armenia.