OK Decline Fatality Update -Operations Recommenced
August 25 2010 - 2:49AM
UK Regulatory
TIDMNGL
RNS Number : 5935R
Norseman Gold PLC
25 August 2010
Norseman Gold Plc. / Epic: NGL / Index: AIM / Sector: Mining & Exploration
25 August 2010
NORSEMAN GOLD PLC
('Norseman Gold' or 'the Company')
OK Decline Fatality Update - Operations Recommenced
The Company would like to advise that underground operations at the OK Decline
recommenced on Tuesday 24th August. Operations had been suspended following the
fatality at the Decline on 5 August 2010.
The investigations into how the incident which resulted in the fatality occurred
are continuing and the Company will continue to provide updates as relevant
information comes to hand.
* * ENDS * *
For further information visit www.norsemangoldplc.com or contact:
Barry Cahill Norseman Gold Plc.
Tel: +61 (0) 8 9473 2200
Guy Wilkes Ocean Equities Ltd
Tel: 020 7786 4370
Nandita Sahgal Seymour Pierce Ltd
Tel: 020 7107 8000
Jeremy Stephenson Seymour Pierce Ltd Tel:
020 7107 8000
Hugo de Salis St Brides Media & Finance Ltd Tel: 020
7236 1177
E-mail investors@ngold.com.au
Note to editors:
Norseman Gold Plc. is an AIM listed and ASX listed Australian gold production
company, which acquired the Norseman Gold Project in May 2007, Australia's
longest continually running gold operation. The Norseman Gold Project is
located in the Eastern Goldfields of Western Australia in the highly prospective
Norseman-Wiluna greenstone belt, 725km east of Perth and 186km from Kalgoorlie.
Gold was first found on the Norseman field in 1894 and over the last 65 years it
has produced over 5.5 million oz of gold. The mine is currently producing from
three high-grade narrow-vein underground mines - the Bullen, the Harlequin and
the OK Declines. Currently, it has a total inventory of 3.8 million oz of gold
at an average grade of 5.3 g/t.
The tenements cover a 2,180 sq km area centred on the Norseman Township. The
landholding comprises 221 tenements consisting of 16 Exploration Licences, 107
Mining Licences, 64 Prospecting Licences, 15 Miscellaneous Licences, 5
Exploration Licence Applications, 13 Prospecting Licence Applications and 1
Mining Lease Application.
The Company's strategy is focused on extending the mine life through the
conversion of resources into reserves and identifying additional resources and
obtaining additional ore for the operating mill through the development of a
fourth and subsequent mines. The Company has fifteen advanced resource projects
under review of which three have pre-development work being undertaken on them.
It is anticipated that at least one if not all the pre-development projects will
develop into mining propositions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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