Xtract Resources plc Manica Alluvial Update (0552T)
October 09 2017 - 5:21AM
UK Regulatory
TIDMXTR
RNS Number : 0552T
Xtract Resources plc
09 October 2017
For immediate release
9 October 2017
Xtract Resources Plc
("Xtract" or the "Company")
Manica Alluvial Update
The Board of Xtract Resources Plc ("Xtract" or the "Company") is
pleased to announce that alluvial mining contractor Sino Minerals,
has commenced production on the eastern half of the Manica
concession.
Highlights
-- Sino Minerals commenced processing alluivals through their number 1 plant on 7 October 2017
-- Recovery of first gold from sluice boxes on 8 October 2017
-- Smelting of first gold expected no later than the 10 October 2017
Colin Bird, Chairman said: "I am pleased to be able to report
that on Saturday, 7 October 2017, Sino Minerals commenced
commercial production on the eastern half of the Manica concession.
The Company expects to be in receipt of its first gold dore bars by
the end of the week. We look forward in further updating the market
as production stabilises and optimises."
Further details are available from the Company's website which
details the company's project portfolio as well as a copy of this
announcement: www.xtractresources.com
Photographs will be added to the Company's website as the
project develops.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation No. 596/2014 on market abuse.
Enquiries:
Xtract Resources Colin Bird, Executive +44 (0)20 3416
Plc Chairman 6471
Michael Cornish
Roland Cornish +44 (0)207628
Beaumont Cornish Felicity Geidt 3369
Email: corpfin@b-cornish.co.uk
+44 (0)207 382
Beaufort Securities Jon Belliss 8300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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