🕐05.05.11 - 04:54 Uhr
CRESCENT GOLD LIMITED - PROCESSING CAMPAIGN UPDATE
Crescent Gold Limited (ASX:CRE, TSX:CRA), the Australian gold miner and
resources developer is pleased to advise that it has successfully
completed 21 days in its current processing campaign through Barricks
Granny Smith gold processing mill (BGSM) in the Laverton region of
Western Australia.
Ore mined by Crescent Gold from its wholly-owned Laverton project
deposits north of Kalgoorlie in WA, is delivered to the nearby 3.8mtpa
BGSM for processing under an Ore Purchase Agreement (OPA).
Under the
OPA, Crescent transports ore to BGSM for processing in a 50 day
processing cycle per quarter.
In the current campaign to date, which commenced on the 12th April 2011,
Crescent ore processed was 253,744 tonnes at an average grade of 1.61
g/t with recoveries of 91.0%.
This has resulted in 11,929 ounces of gold
being recovered in the first 21 days of the campaign.
Crescent is
therefore on track to exceed its previously forecast quarterly
equivalent gold production (22,000 ounces) for the April, May and June
2011 period.
Questions can be directed to:
Mark Tory
or
Renee Brickner
Managing Director
Geologist, Corporate Communications N.A
Perth, Australia
Vancouver, BC
Ph: +61 8 6380 7100
Ph: +1-604-802-6806
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