Gerry,Further to your comments on Marjan /have done some...

Gerry,
Further to your comments on Marjan /have done some 'digging' [armchair variety] thought HC community would find useful to recap and point to sources:

From slide 14[of 25] Global Gold Presentation Global Gold

Presentation at Mining Journal Mines and Money London

Conference November 22-23 2005
http://www.globalgoldcorp.com/globalgoldcorp/

MARJAN

Polymetallic deposit in SW Armenia similar to

Litchkvadz-Tei and Terterasar properties.
Acquired in December 2003.
GKZ-3.5 million tonnes of ore, 3.39 g/t of gold, 71.3 g/t of

silver, 0.2% of copper, 1.6% lead, and 1.28% Zinc.
Joint Ventured With Iberian Resources in October 2005.
JV partner initially will own 40%, and is responsible for all

expenses associated with developing and bringing the

property into production.
Upon spending $500,000, pursuant to a mutually agreed

budget, Iberian interest increases to 51%, and upon the

commencement of production, has the right to earn in up to

80%, and Global will retain 20% interest.

From Iberian Resources' Quarterly Report 31st Oct 2005:

MARJAN GOLD PROJECT - ARMENIA
The Company has reached agreement with Global Gold
Corporation of the USA to earn up to an 80% interest in the

large
Marjan Gold Project in Armenia through exploration

expenditure
and bringing the deposit into production.
The Marjan Gold Project has had considerable exploration
undertaken and a number of gold deposits have been

identified
by past explorers. Former Soviet Union category C1 and C2
resources have been calculated for the project. The Company

has
now commenced a programme of data compilation that will
result in the recalculation of the resources base to a JORC
standard.