FOCUS COMMENCES STOPING OPERATIONS AT THE MOUNT
(firmenpresse) -
FOCUS COMMENCES STOPING OPERATIONS AT THE MOUNT
Focus Minerals (ASX: FML) is pleased to announce that it has commenced long-hole stoping operations at The Mount project, which will play a key role in enabling the Company to hit its production target of 100,000 ounces in calendar 2011.
The Mount commenced production from development ore in late March, and with the start of stoping operations Focus expects to significantly ramp up production through the September quarter.
“The commencement of stoping is an important milestone, not just in this new mine’s development, but also for the company as we continue to transform our operations and production outlook,” Focus Minerals Chief Executive Campbell Baird said.
“We’ve come a significant way in just a few months by diversifying from one mine to three operations, which is seeing our production profile quite heavily weighted to the second-half of the year as these begin to build.”
Mr Baird said Focus has developed two levels at The Mount, where stoping operations have now commenced. The company has also completed a 200m exploration cross cut, enabling it to access around 10 gold-bearing structures within The Mount resource footprint.
“This week the first single boom jumbo commenced development on a number of structures and a second jumbo is expected to start at the end of the month,” said Mr Baird.
“An underground diamond rig is also due to arrive in June to enable us to begin testing down plunge and strike extensions of some of the outlying structures,” he said.
The Mount is situated at Widgiemooltha, approximately 85km south of Focus’ Three Mile Hill processing plant in Coolgardie and its existing Tindals Mining centre which comprises an established underground operation and newly developed open pit operation.
Campbell Baird
Chief Executive Officer
Focus Minerals Ltd
Tel: +61 (0)8 9215 7888
Neil Le Febvre
Investor Relations Manager
Focus Minerals Ltd
Tel: +61 (0)8 9215 7888
Paul Armstrong / Nicholas Read
Media Relations
Read Corporate
Tel: +61 (0)8 9388 1474
BACKGROUND INFORMATION – FOCUS MINERALS LTD
Focus Minerals Ltd (ASX: FML) is a gold producer based in Western Australia’s Eastern Goldfields. The company holds the mineral rights to more than 420km2 of tenements and is the largest landholder in the Coolgardie Gold Belt located 560km east of Perth and 35km west of the ‘Super Pit’ in Kalgoorlie-Boulder. Focus is currently in production from underground and open pit operations at its flagship Tindals Mining Centre in Coolgardie, adjacent to its 1.3Mtpa Three Mile Hill processing plant. In March 2011 it opened The Mount, a new high-grade underground mine, located 85km to the south of the processing plant. In addition Focus recently acquired 100% ownership in the highly prospective Treasure Island Gold Project, situated at Lake Cowan at the southern end of the Boulder-Lefroy fault.
Leseranfragen:
FOCUS MINERALS
Level 10 Exchange House
68 St Georges Terrace
Perth WA 6000
Australia
info(at)focusminerals.com.au
+61 (0)8 9215 7888
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Datum: 15.06.2011 - 10:44 Uhr
Sprache: Deutsch
News-ID 30559
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