Operations Update


 

TIDMCAN 
 
RNS Number : 4634S 
Central African Gold PLC 
10 September 2010 
 

 Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining 
 
10 September 2010 
                Central African Gold Plc ('CAG' or 'the Company') 
                               Operational Update 
 
Central African Gold Plc, the AIM quoted gold mining and exploration company, is 
pleased to announce that, in early August 2010, the Company resumed gold 
production at both the Old Nic and the Dalny mines in Zimbabwe, which were 
previously on a care and maintenance programme. 
 
The Old Nic mine 
The Old Nic mine, which is part of Olympus Mines Limited, a wholly owned 
subsidiary of the Company, currently employs 197 people and since production 
resumed on 2 August 2010, it has produced 110 ounces of gold (110 ounces 
attributable to CAG). 
 
The Dalny mine complex 
The Dalny mine complex, which is part of Falcon Gold Zimbabwe Limited, an 84.7% 
controlled subsidiary of the Company, employs 232 people and since production 
resumed on 2 August 2010, it has produced 124 ounces of gold (105 ounces 
attributable to CAG). 
 
The Dalny mine complex has a strike length of over 15 kilometres.  Historical 
production at the Dalny mine complex, up to 2006, was 2.44 million ounces of 
gold from 10.2 million tonnes of mineralised material grading approximately 7.42 
g/t.  The board of CAG ('the Board') believes that there is the opportunity to 
develop a number of open-pit, medium-grade bulk mining operations within the 
greater Dalny shear zone.  Accordingly, the Board believes that this asset is 
currently under-explored and offers a substantial medium to long-term 
development opportunity. 
 
                                  * * ENDS * * 
 
For further information please visit www.centralafricangold.comor contact: 
 
+-------------+------------------------+---------------------+ 
| Roy         | Central African Gold   | Tel: +44(0)77 9390  | 
| Pitchford   | Plc                    | 9985                | 
+-------------+------------------------+---------------------+ 
| Stuart      | Strand Hanson Limited  | Tel: +44(0)20 7409  | 
| Faulkner /  |                        | 3494                | 
| James       |                        |                     | 
| Spinney     |                        |                     | 
+-------------+------------------------+---------------------+ 
| Hugo de     | St Brides Media and    | Tel: +44(0)20 7236  | 
| Salis /     | Finance Ltd            | 1177                | 
| Felicity    |                        |                     | 
| Edwards     |                        |                     | 
+-------------+------------------------+---------------------+ 
 
Notes to Editors 
 
CAG 
 
Central African Gold Plc is a gold mining company with a portfolio of 
production, development and exploration assets in Zimbabwe, where the Company 
operates through two subsidiaries, Falcon Gold Zimbabwe Limited (84.7 per cent. 
owned) and Olympus Gold Mines Limited (100 per cent. owned).  Through these 
subsidiaries, CAG has four main gold mines, the Dalny, Old Nic, Golden Quarry 
and Camperdown mines, which arelocated in the highly prospective Kadoma, 
Shurugwi and Bulawayo gold regions in Zimbabwe. 
 
NDM 
 
The Company's 88.68% shareholder is TSX listed New Dawn Mining Corp., a gold 
company with a broad portfolio of production and exploration assets also in 
Zimbabwe.   NDM owns and operates the Turk and Angelus Mines in the upper 
southwest area of Zimbabwe, which it believes have the potential to produce an 
estimated 35,000 to 50,000 ounces of gold per annum.  It is NDM's objective to 
orchestrate the development of CAG's mining operations and exploration 
portfolio, as well as its own, to become a mid-tier gold producer focussed in 
Zimbabwe, with a consolidated annualised gold production to between 50,000 and 
60,000 ounces within the next 18 to 24 months, increasing to 100,000 ounces by 
2014, and then ultimately to 200,000 to 250,000 ounces. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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