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9 Sep 2011 09:00
Norseman Gold Plc. / Epic: NGL / Index: AIM / Sector: Mining & Exploration
9 September 2011
NORSEMAN GOLD PLC
('Norseman Gold' or 'the Company')
Director Resignation
Norseman Gold announces that Mr Michael De Villiers has resigned as a director of the Company effective from 7th September 2011, due to personal and business circumstances.
The Board extends its thanks to Mr. De Villiers for his contribution to the Company since it acquired the Norseman Gold Project in 2007.
Kelvin A May
Company Secretary
**ENDS**
For further information visit www.norsemangoldplc.com or contact:
Barry Cahill | Norseman Gold Plc | Tel: +61 (0) 8 9473 2200 |
Guy Wilkes | Ocean Equities Ltd | Tel: +44 (0)20 7786 4370 |
Nandita Sahgal | Seymour Pierce Ltd | Tel: +44 (0)20 7107 8000 |
Jeremy Stephenson | Seymour Pierce Ltd | Tel: +44 (0)20 7107 8000 |
Hugo de Salis | St Brides Media & Finance Ltd | Tel: +44 (0)20 7236 1177 |
investors@ngold.com.au |
Note to editors:
Norseman Gold plc is an AIM listed and ASX listed Australian gold production company, which acquired the Norseman Gold Project in May 2007, Australia's longest continually running gold operation. The Norseman Gold Project is located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt, 725km east of Perth and 186km from Kalgoorlie.
Gold was first found on the Norseman field in 1894 and over the last 65 years, it has produced over 5.5 million ounces of gold. The mine is currently producing from three high-grade narrow-vein underground mines - the Bullen, the Harlequin and the OK Declines and developing the North Royal Open Pit. Currently, it has a total resource inventory of 3.4 million ounces of gold at an average grade of 4.7 g/t.
The tenements cover a 2,360 sq km area centred on the Norseman Township. The landholding comprises 221 tenements consisting of 85 Exploration Licences, 108 Mining Licences, 3 Prospecting Licences, 15 Miscellaneous Licences, 5 Exploration Licence Applications, 3 Prospecting Licence Applications and 1 Mining Lease Application.
The Company's strategy is focused on extending the mine life through the conversion of resources into reserves and identifying additional resources and obtaining additional ore for the operating mill through the development of additional mines. The Company has fifteen advanced resource projects under review of which three have pre-development work being undertaken on them. It is anticipated that at least one, if not all the pre-development projects will develop into mining propositions.
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