Approval of Rodnikova reserves and First repayment (1060T)

TIDMTSG

RNS Number : 1060T

Trans-Siberian Gold PLC

01 December 2011

Trans-Siberian Gold plc

Approval of Rodnikova reserves

First repayment of Asacha finance facilities

LONDON: 1 December 2011 - Trans-Siberian Gold plc ("TSG") (TSG.L) is pleased to report that the Russian State Commission for Reserves has approved the expert opinion on the Report on Reserves and Pre-feasibility study of the Rodnikova deposit, with a recommendation for underground mining.

The Commission has recorded Rodnikova's mineral resources as 5.8 million tonnes of ore in the C1+C2 categories, at anaverage grade of 5.3 g/t gold and 44.6 g/t silver, at 2 g/t gold cut-off, with C1+C2 category reserves of 30,887.6 kg gold and 258.3 tonnes silver.

TSG also reports that the first US$1.5 million repayment of the US$43 million finance facilities provided by a Russian bank for the development of the Asacha project was effected on 28 November 2011, three weeks before the due date.

Ends

 
  Contacts TSG 
 Simon Olsen                                   + 44 (0) 7770 484965 
 
                                                    +44 (0) 207 107 
 Seymour Pierce Ltd                                            8000 
 Stewart Dickson / David Foreman (Corporate 
  Finance) 
 Jeremy Stephenson (Corporate Broking)

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAKFEDLDFFFF

Trans-siberian Gold (LSE:TSG)
過去株価チャート
から 6 2024 まで 7 2024