27th Aug 2009 10:00
|
Immediate Release |
27 August 2009 |
Central Rand Gold Limited
("Central Rand Gold" or "CRG")
(Incorporated as a company with limited liability under the laws of Guernsey,
Company Number 45108)
(Incorporated as an external company with limited liability under the laws of
South Africa, registration number 2007/019223/10)
ISIN: GG00B24HM601
Share code on LSE: CRND
Share code on JSE: CRD
Main Reef Package Intersection
Central Rand Gold Ltd ("CRG" or "the Company"), the South African gold mining and exploration holding company announces that as of August 26, 2009, the Company has intersected the Main Reef Package on the old 4 Level workings (approximately 60m vertical metres below surface) within the Slot 8 area of the Consolidated Main Reef tenement. This was achieved with a minus 1:7 grade decline having progressed over some 300 metres from the Portal entrance. The Decline will continue to be developed opening accesses to more Main Reef intersections, with levels planned at approximately 11 vertical metres apart.
Commenting on the intersection, Chief Executive Officer, Johan du Toit stated,
"Reaching the reef intersection with the decline is an important achievement for the Company as the much anticipated underground trial mining can now begin."
For further information, please contact:
Central Rand Gold +27 (0) 11 551 4000
Johan du Toit / Wayne Epstein
Evolution Securities Limited +44 (0) 20 7071 4300
Simon Edwards / Chris Sim / Neil Elliot
Macquarie First South Advisers (Pty) Ltd +27 (0) 11 583 2000
Thembeka Mgoduso / Annerie Britz / Melanie de Nysschen / Manisha Ramlakhan
Buchanan Communications +44 (0) 20 7466 5000
Bobby Morse / Ben Willey / Katharine Sutton
Jenni Newman Public Relations (Pty) Ltd +27 (0) 11 506 7300
Jenni Newman / Megann Outram / Lerato Tlatlane
Related Shares:
Central Rand Gold