10th Oct 2005 07:00
Peter Hambro Mining PLC10 October 2005 Peter Hambro Mining Plc ("PHM" and the "Group") Analyst and Investor Visit On October 8th and 9th PHM facilitated a site visit for analysts and investorsto its operations at Pokrovskiy and Pioneer. Analysts and investors had theopportunity to meet the management team, review the operations and discuss thepotential of the Group's facilities. During the trip the Group confirmed that it is well on its way to meeting theproduction target announced for this year and discussed its ability to meet themillion oz. production target set for 2009. The visit included an opportunity to see the Group's new laboratory facilitieswhich have been processing the assay samples from the Pokrovskiy Flanks and fromPioneer. Although this work is ongoing, and needs to be incorporated into theGroup's MicroMine model, the results (particularly at Pioneer) are veryencouraging. Samples from the high grade ore columns, which, were discussed inthe 20th July announcement "Pioneer Reserves and Resources Update", indicatesignificant gold mineralization in these columns with occasional exceptionalgrades. PHM continues to evaluate the Pioneer deposit and believes that it isamenable to a large scale mining and processing operation. Investor Relations, Peter Hambro MiningAlya Samokhvalova (Director of External Communications) /Marianna Adams +44 (0) 20 7201 8900 MerlinTom Randell / Maria Suleymanova +44 (0) 20 7653 6620 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
POG.L