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SXR
SXR
SXR - Resumption of Gold Production at Bonanza South
sxr Uranium One Inc
(Formerly Southern Cross Resources Inc)
(Incorporated in Canada)
(Registration number: 15096422420)
Share code on the JSE: SXR ISIN: CA87112P1062
Share code on the TSX: SXR ISIN: CA87112P1062
("SXR")
Resumption of Gold Production at Bonanza South
Toronto, Ontario, and Johannesburg, South Africa: sxr Uranium One Inc (Uranium
One) announced today that gold production has resumed at its Bonanza South
operations near Klerksdorp, South Africa.
Production was temporarily suspended last month after a bearing failure in the
primary crusher, which is a surface facility used to crush ore from the Bonanza
mine in readiness for processing in the gold plant. A replacement bearing has
now been installed and gold production has resumed. The repair cost was not
material.
Said Uranium One CEO and President Neal Froneman "Mining operations at Bonanza
South have continued throughout the period of the repair, and we also used the
time for other important maintenance work. While there was a short term
disruption, there will not be any long term impact on gold production, as there
is spare capacity in the plant, enabling us to catch up speedily on production."
Bonanza South is a pilot project for Uranium One"s Dominion Rietkuil uranium
project, which is scheduled to begin production next year.
sxr Uranium One Inc. is a Canadian uranium and gold resource company with a
primary listing on The Toronto Stock Exchange and a secondary listing on the JSE
Limited (the Johannesburg Stock Exchange). The Corporation owns 100% of the
Dominion Rietkuil uranium project in South Africa and the Honeymoon uranium
project in South Australia. Through a joint venture with Pitchstone Exploration
Ltd., the Corporation is also engaged in uranium exploration activities in the
Athabasca Basin of Saskatchewan. The Corporation"s Aflease Gold and Uranium
Resources Limited subsidiary owns the Modder East gold property and related gold
assets in South Africa.
For further information, please contact:
Neal Froneman John Fraser Don Falconer
Chief Executive Officer Corporate Communications Vice President, Marketing
&Investor Relations
Tel: + 27 11 482-3605 Tel: + 27 82 331 7330 Tel: +1 416 350-3657
Cautionary note concerning forward-looking statements: Statements in this
release that are not historical facts are "forward-looking statements" involving
known and unknown risk and uncertainties which are beyond the ability of the
Corporation to control or predict and which could cause actual events or
results to differ materially from those anticipated in such forward-looking
statements.
To receive the Corporation"s news releases by email, contact Carol Smith,
Investor Relations at carol@aflease.com or Don Falconer, Marketing and Investor
Relations, at dfalconer@southerncrossres.com. The TSX has neither approved nor
disapproved of the information contained herein.
Date: 19/01/2006 05:57:20 PM Produced by the JSE SENS Department
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