🕐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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