Crescent Gold Limited (ASX: CRE; TSX: CRA), the growing Australian gold miner and
resources developer
50 day processing campaign through the Barrick Granny Smith Mill (BGSM) in
which 22,658 ounces of gold and 7,707 ounces of silver were produced via an Ore
Processing Agreement (OPA) between Crescent’s Laverton Gold Operations and Barrick,
near Laverton in WA (27,251 ounces were produced in the first campaign).
Crescent Chairman and Managing Director, Roland Hill, said this second
campaign ensures that Crescent remains on track to sell the equivalent of more than
100,000 ounces of gold during Laverton’s first 12 months of operation (or first 4
processing campaigns).
“The Laverton Operations is a great gold address and we have a great neighbour in
Granny Smith. Both parties benefit from the OPA. Crescent has access to a world class
processing facility, at a significantly lower cost than processing in
greater value to our shareholders, and Barrick gains from the efficiencies presented by
increased plant throughput.
“We remain extremely confident in the growth potential at the Laverton Gold
Operations – it encompasses more than 750sq kilometres of various mining, exploration
and prospecting licences, and covers a well endowed portion of the Laverton
Greenstone Belt, a region with several known gold deposits and a rich history of gold
production.
“We have a well
reliable ore supply for our future mining, and to continue realising the synergies offered
by the OPA,” Mr Hill said.
Regards