Gold Processing at Vatukoula
18 4월 2008 - 6:52PM
UK Regulatory
RNS Number:6361S
River Diamonds PLC
18 April 2008
18 April, 2008
River Diamonds PLC
(the 'Company' or 'River Diamonds')
Commencement of Gold Treatment Operations at the Vatukoula Gold Mine in Fiji
River Diamonds announces that gold processing has commenced today at the
Company's 100% owned Vatukoula Gold Mine in Fiji..
The JORC compliant gold resources at Vatukoula total 16.84 million tonnes at an
average grade of 9.49 grams per tonne of gold or 5.15 million ounces of gold.
First gold from continuous operations is expected to be poured over the next few
weeks. The mine is budgeted to produce some 28,000 ounces of gold to 30 June
2008 and 111,000 ounces of gold for fiscal year 2008/2009.
David Lenigas, Executive Director of River Diamonds commented:
"This is a significant milestone for the Company, the Vatukoula Gold Mine and
the Fiji economy generally. The mining operations are in full swing and open pit
mining on the high grade President Hill open pit commenced today."
Enquiries
River Diamonds plc
Colin Orr Ewing 020 7352 4117
Kiran Morzaria 020 7016 5100
W.H. Ireland Limited
David Porter
James Joyce 020 7220 1666
Hichens, Harrison & Co plc 020 7382 7785
Dave Paxton
Parkgreen Communications 020 7851 7480
Beth Harris/Laura Llewelyn
Qualified Person
Kiran Morzaria B.Eng (ACSM), MBA, has reviewed and approved the information
contained in this announcement. Kiran holds a Bachelor of Engineering
(Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from
CASS Business School. Kiran is the Finance Director of River Diamonds. He is a
fellow of the Geological Society.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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