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19 Aug 2010 07:00
Norseman Gold Plc. / Epic: NGL / Index: AIM / Sector: Mining & Exploration
19 August 2010
NORSEMAN GOLD PLC
('Norseman Gold' or 'the Company')
OK Decline Fatality Update
The Company would like to advise that following the fatality at its OK Decline on 5 August 2010, the Company has been working with the relevant authorities in conducting an investigation into how the incident occurred. Those investigations, including the Company's own investigations, are continuing.
During this time the underground operations at the OK Decline have been suspended. The Company is currently working to recommence operations in a timely and prudent manner subject to approval from the relevant authorities.
The operations of the Bullen and Harlequin Declines have not been unduly affected by the incident and have continued to operate as normal.
The Company has continued to offer support to the workforce and to the family during this stressful and tragic time.
The Company will continue to provide updates as relevant information comes to hand.
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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: 020 7786 4370
Nandita Sahgal Seymour Pierce Ltd Tel: 020 7107 8000
Jeremy Stephenson Seymour Pierce Ltd Tel: 020 7107 8000
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177
E-mail 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 oz of gold. The mine is currently producing from three high-grade narrow-vein underground mines - the Bullen, the Harlequin and the OK Declines. Currently, it has a total resource inventory of 3.7 million oz of gold at an average grade of 5.5 g/t.
The tenements cover a 2,180 sq km area centred on the Norseman Township. The landholding comprises 221 tenements consisting of 16 Exploration Licences, 107 Mining Licences, 64 Prospecting Licences, 15 Miscellaneous Licences, 5 Exploration Licence Applications, 13 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 a fourth and subsequent 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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