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RYE, NY–(Marketwire – Apr 27, 2011) – Global Gold Corporation (OTCQB: GBGD) and privately held Consolidated Resources are pleased to announce that on April 27, 2011, they concluded a joint venture agreement to fund and expand production at the Toukhmanuk gold-silver open pit mine in Armenia and further exploration activities for gold and silver at both Toukhmanuk and Getik (the “Properties”). As part of the agreement, Consolidated Resources is providing $5 million in funding over twelve months to support the development of the Properties.

Global Gold, headquartered in the U.S., has been active primarily in gold and silver mining in Armenia since 1995 and has maintained other mining interests in Chile and Canada. Consolidated Resources, headquartered in Australia, is a worldwide resources company that owns strategic or controlling stakes in publicly listed and privately held resources companies having properties in Mozambique, Zambia, South Africa, and Australia.

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Article source: http://www.marketwire.com/press-release/global-gold-consolidated-resources-conclude-joint-venture-agreement-fund-develop-toukhmanuk-otcqb-gbgd-1507103.htm