Further Successful Gold Pour - Replacement (6504O)

TIDMANGM

RNS Number : 6504O

Angel Mining PLC

21 September 2011

ANGEL MINING PLC

("Angel Mining" or the "Company")

AIM: ANGM

The following amendments have been made to the 'Further Successful Gold Pour at Nalunaq Mine' announcement released on 21 September 2011 at 10.22 under RNS No 6457O.

References to 2010 in the first and second paragraphs have been changed to 2011.

All other details remain unchanged.

The full amended text is shown below.

Further Successful Gold Pour at Nalunaq Mine

The Board of Angel Mining is pleased to announce that a further 11.73 kilograms (377 ounces) of gold dore was successfully poured at Nalunaq on Thursday, 15 September 2011. This will be shipped to Switzerland for refining and subsequent sale over the coming weeks following a further production pour.

Since the first pour on 27 May 2011, the Company has poured 29.78 kilograms of gold dore. The table below sets out the Company's gold production to date although the figures for September only go up to pour on the 15th.

 
                           Troy 
 Month        Kilograms    ounces 
 May            0.93       29.90 
 June           1.26       40.51 
 July           5.97      191.94 
 August         9.89      317.96 
 September      11.73     377.12 
 Total          29.78     957.43

This recent pour was the largest to date and the Directors believe this is indicative of both improved recovery by the plant and the increased grade of the feed ore . The Company has been improving the efficiency of the process plant and is pleased to see the results of these efforts evidenced by the latest gold pour. There is still scope for further improvements and the replacement atomic absorption machine, referred to in previous announcements, is due to arrive within the next few weeks. This machine will help the team to achieve the highest practical level of gold recovery.

Nicholas Hall, CEO, commented: "The latest pour marks yet another important advance in our strategy of maximizing the cash generation from Nalunaq and using the proceeds to develop a successful operation at the Black Angel zinc/lead mine. We are pleased with the progress at Nalunaq but the Black Angel mine remains the Company's primary longer term asset with a JORC resource of 4.425mt of high grade zinc and lead (as announced on 9 June 2011)."

Enquiries:

 
 Angel Mining plc 
  Nicholas Hall, Chief Executive 
  Officer 
  Kevin McNair, Chief Financial     07931 709 053 
  Officer                            07900 690 908 
 Fox-Davies Capital (Broker) 
  Daniel Fox-Davies 
  Simon Leathers                    0203 463 5010 
 WH Ireland Limited (Nominated 
  Adviser) 
  Daniel Bate 
  Robin Gwyn                        0161 832 2174 
 Bishopsgate Communications 
  Limited 
  Nick Rome/Shabnam Bashir          0207 562 3350

This information is provided by RNS

The company news service from the London Stock Exchange

END

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