| Tue 19 Sep 2006, 8:24 | | Aflease Gold Limited - Technical Report Filed on M |
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AFO
AFO
Aflease Gold Limited - Technical Report Filed on Modder East Gold Project
AFLEASE GOLD LIMITED
(Formerly Sub Nigel Gold Mining Company Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1984/006179/06)
Share Code: AFO & ISIN Code: ZAE000075867
("Aflease Gold" or "the Company")
News release
September 19, 2006
Technical Report Filed on Modder East Gold Project
Johannesburg, South Africa - Aflease Gold Limited announced today that sxr
Uranium One has filed on SEDAR (www.sedar.com) an independent technical report
prepared by SRK Consulting in accordance with NI 43-101 which summarizes the
feasibility study conducted by Turgis Consulting (Pty) Ltd. on Aflease Gold"s
Modder East Gold Project located near Springs, South Africa. The results of the
feasibility study were announced by the Corporation on August 16, 2006.
The technical report can be accessed on SEDAR (www.sedar.com) and is also being
made available on Aflease Gold"s website at www.afleasegold.com
About Aflease Gold
Aflease Gold Limited was formed on January 23, 2006 through the reverse takeover
of Sub Nigel Gold Mining Company Ltd. by New Kleinfontein Mining Company Ltd., a
wholly-owned subsidiary of Aflease Gold and Uranium Resources Ltd. The company
is listed on the JSE Ltd. and is owned as to approximately 71% by sxr Uranium
One Inc.
For further information please contact:
Neal Froneman Robert van Niekerk
Chief Executive Officer COO
+27 11 482 3605 +27 11 482 3605
Forward-looking statements: Certain of the statements made herein, including any
information as to the Corporation"s future financial or operating performance,
may be forward-looking and subject to important risk factors and uncertainties,
many of which are beyond the Corporation"s ability to control or predict.
Forward-looking statements are necessarily based on a number of estimates and
assumptions that are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in the forward-
looking statements. Such factors include, among others: gold price volatility;
impact of any hedging activities, including margin limits and margin calls;
discrepancies between actual and estimated production, between actual and
estimated reserves and resources and between actual and estimated metallurgical
recoveries; changes in national and local government legislation, taxation,
controls, regulations and political or economic developments in South Africa or
other countries in which the Corporation does or may carry on business in the
future; risks of sovereign investment; the speculative nature of gold
exploration and development, including the risks of obtaining necessary licenses
and permits; dilution; competition; loss of key employees; additional funding
requirements; and defective title to mineral claims or property. In addition,
there are risks and hazards associated with the business of gold exploration,
development and mining, including, among others, environmental hazards,
industrial accidents, unusual or unexpected formations, pressures, cave-ins,
flooding and gold bullion losses (and the risk of inadequate insurance or
inability to obtain insurance, to cover these risks). Accordingly, readers
should not place undue reliance on forward looking statements. The Corporation
undertakes no obligation to update publicly or release any revisions to forward-
looking statements to reflect events or circumstances after the date of this
document or to reflect the occurrence of unanticipated events. Investors are
advised to refer to competent persons reports on the Corporation"s material
properties for detailed information with respect to such properties, which
information is subject to the qualifications and notes set forth therein.
Date: 19/09/2006 08:24:03 AM Produced by the JSE SENS Department
