| Tue 21 Jul 2009, 17:49 | | GDO - Gold One International - First Gold From Modder East Underground Ore |
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GDO
GDO
GDO - Gold One International - First Gold From Modder East Underground Ore
Gold One International Limited
(Previously BMA Gold Limited)
Registered in Western Australia under the Corporations Act 2001 (Cth)
Registration number ACN: 094 265 756
Registered as an external company in the Republic of South Africa
Registration number: 2009/000032/10
Share code on the ASX/JSE: GDO
ISIN: AU000000GDO5
OTCQX International: GLDZY
("Gold One" or the "company")
FIRST GOLD FROM MODDER EAST UNDERGROUND ORE
Gold One is pleased to announce that it has poured its first 240 ounces of gold
from underground Modder East ore, well ahead of schedule, marking yet another
major achievement in the development of its flagship Modder East gold mine.
This Modder East gold pour follows the successful commissioning of the Modder
East plant in June 2009 using low grade third party surface material. The newly
commissioned processing plant has also successfully treated Sub Nigel ore which
has been mined since January of this year. A total of 600 ounces of gold has
been produced to date.
Commenting on this achievement, and the progress of Gold One`s Modder East gold
mine, Neal Froneman, President and CEO stated "Gold One is delighted to have
successfully produced its first gold from Modder East, and to have successfully
delivered on another important milestone. Gold One is building a strong record
of delivering on its stated objectives and this is important to us. Gold One
remains on track to meet its gold production target of 20,000 ounces this year."
21 July 2009
Issued by Gold One International Limited
Website : www.gold1.co.za
For further information contact:
Neal Froneman Ilja Graulich Carol Smith
President and CEO VP: Corporate Affairs Investor Relations
+27 11 726 1047 (office) +27 11 726 1047 (office) +27 11 726 1047
(office)
+27 83 628 0226 (mobile) +27 83 604 0820 (mobile) +27 82 338 2228
(mobile)
neal.froneman@gold1.co.za ilja.graulich@gold1.co.za carol.smith@gold1.co.za
Note to editors:
Gold One International Limited is an Australian and African gold resource
company listed on the financial markets operated by ASX Limited (the Australian
Securities Exchange) and JSE Limited (the Johannesburg Securities Exchange)
(issuer code GDO). It is developing the new Modder East mine on the East Rand,
some 30 kilometres from Johannesburg, and also owns the nearby existing Sub
Nigel mine, which has recently been recommissioned. Its other projects and
targets include Ventersburg, a large project with indicated resources of
1.43million ounces, and Bothaville, both in the Free State goldfields, the Tulo
concession in Mozambique and the Etendeka greenfields project in Namibia. It has
an indicated and inferred resource base of some 13 million ounces of gold.
Date: 21/07/2009 17:49:38 Produced by the JSE SENS Department.
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