DGAP-News: Pearl Gold AG: Kodiéran gold mine in Mali announces gold grades of treated raw material
(firmenpresse) - DGAP-News: Pearl Gold AG / Key word(s): Drilling Result/Forecast
Pearl Gold AG: Kodiéran gold mine in Mali announces gold grades of
treated raw material
21.08.2012 / 17:08
---------------------------------------------------------------------
Pearl Gold AG: Kodiéran gold mine in Mali announces gold grades of treated
raw material
- Second production line of 5,000 tons successfully tested
- Current average gold grade of around 5 g/mt exceeds estimates
Frankfurt, 21 August 2012 - Pearl Gold AG (02:GR) announces today that the
Kodiéran gold mine in Mali has successfully tested the second production
line of 5,000 tons per day and will finalize the adjustment and fine tuning
within the next days. This will bring the total production capacity up to
10,000 tons of raw material per day out of the 11,000 tons per day as final
capacity. Kodiéran is operated by Wassoul'Or S.A., in which Pearl Gold
holds a 25 percent stake.
The gold grade of the processed raw material so far exceeds the estimates
stated in the geological surveys for the gold mine. In the past four weeks,
the average gold grade amounted to approx. five grams per metric ton of raw
material. The gold concentration of about 0.4 gram per metric ton in the
tailings reflects the high standard of the gravimetric production process
implemented at the mine. Lutz Hartmann, member of the management board of
Pearl Gold comments: 'We are highly satisfied with the present results,
which demonstrate the rich potential Kodiéran holds. However, we are fully
aware that the gold grade will vary over time, as it depends on the layer
of soil in which we are digging in the open pit. Nonetheless, we view the
high average gold grade as a very positive development.'
Pearl Gold AG's management team expects to announce further production
figures by mid of September.
Pearl Gold AG
Pearl Gold AG is a holding company listed on the Open Market of the
Frankfurt Stock Exchange, based in Frankfurt. The company focuses on
investments in West African exploration and mining corporations, especially
in the field of gold and other precious metals. The first investment of
Pearl Gold is the Malian mining company Wassoul'Or, in which Pearl Gold
holds 25% of shares. Wassoul'Or concentrates on the exploration and
production of gold and runs the Kodiéran gold mine in the South of Mali.
For further information visit http://www.pearlgoldag.com
For Inquiries:
MSL Financial
Press(at)pearlgoldag.com
Tel: +49 (0) 69 6612456 8394
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information
included in this news release constitutes 'forward-looking statements'. The
words 'expect', 'plan', 'will', 'intend', 'estimate' and similar
expressions identify forward-looking statements. Forward-looking statements
are necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. The Pearl Gold AG cautions the reader that such
forward-looking statements involve known and unknown risks, uncertainties
and other factors that may cause the actual results, performance or
achievements of the Company to be materially different from the Company's
estimated future results, performance or achievements expressed or implied
by those forward-looking statementsand the forward-looking statements are
not guarantees of future performance. These risks, uncertainties and other
factors include, but are not limited to, risks associated with the mining
industry such as government regulation, environmental and reclamation
risks, title disputes or claims, success of mining activities, future
commodity prices, costs of production, possible variation in mineral
reserves, mineral resources, grade or recovery rates, failure of plant,
equipment or processes to operate as anticipated, accidents, labour
disputes, the timing of estimated future production, capital expenditures,
financial market fluctuations, requirements for additional capital,
conclusions of economic evaluations, limitations on insurance coverage,
risks associated with using third-party contractors and inflation. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise, except as required by applicable law.
End of Corporate News
---------------------------------------------------------------------
21.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
182405 21.08.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Dean Pekeski to Join Pacific Potash Corporation’s Board of Directors
Datum: 21.08.2012 - 17:08 Uhr
Sprache: Deutsch
News-ID 176414
Anzahl Zeichen: 3995
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 312 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Pearl Gold AG: Kodiéran gold mine in Mali announces gold grades of treated raw material"
steht unter der journalistisch-redaktionellen Verantwortung von
Pearl Gold AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
