🕐15.06.11 - 03:27 Uhr

SIGNATURE METALS LIMITED [ASX: SBL] - FIRST GOLD POURED AT KONONGO, GHANA





Fortbridge Media Release

Signature Metals Limited [ASX: SBL] - First gold poured at Konongo, Ghana

Signature Metals Limited (ASX: SBL) announces that first gold has been poured at the Konongo Gold Project, located in the Ashanti Gold Belt of Ghana.

The first bars were poured as part of commissioning the elution circuit and gold room, representing the final area of the processing plant to be brought back into operation. The focus is now on ramping up production to achieve the rated throughput of 350,000 tonnes per annum and moving into continuous commercial production. In the commissioning period to date the plant has operated well and recoveries have been within the expected range.

The pouring of gold is an important milestone in the Company�s efforts to maximise the potential contained within the Konongo Gold Project. The Project comprises 192km2 of tenure along the world class Ashanti Gold Belt but has only had limited exploration in modern times. The Company is currently drilling onsite and revenue from production will be used both for further exploration as well as to progress the plant expansion as outlined in the ASX release of 6th September 2010.

Managing Director Bill Oliver has said: "To be pouring gold within 2 years of commencing work at Konongo is a fantastic achievement. The Directors of Signature Metals would like to thank all staff and management onsite in Ghana for their hard work bringing the Konongo Gold Project back into production as well as thanking the Government of Ghana and the local communities for their input and support."

For further information, please contact:

Bill Oliver
Managing Director
E-mail:
Tel: +61 8 9481 0101

Media Enquiries:
Luke Dean
Fortbridge Consulting
Tel: +61 2 9331 0655
Mob: +61 414 535 433
E:




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