14th Sep 2006 10:13
Mercator Gold PLC14 September 2006 MERCATOR GOLD PLC ("Mercator Gold" or the "Company") London 14 September 2006 - Mercator Gold PLC (AIM:MCR) Refurbishment Contract Awarded On Schedule And Under Budget Mercator Gold is pleased to announce that on 11 July 2006 the Company awardedMurchison Repairs and Maintenance ("MRM"), a highly experienced and respectedEngineering group, a contract for £1.2 million to refurbish the Yaloginda Carbonin Pulp Gold Processing Plant. While the plant is in very good condition,refurbishment is essential to ensure all mechanical and electrical componentsare in full working order so that we achieve a smooth return to full operationsat the plant. Progress to date is on schedule and under Budget with completion expected earlyin January 2007. Managing Director, Patrick Harford, said: "We are very happy with progress to date on the refurbishment; concerns withinthe industry about capital works, both as to cost and timing, have been allayedand this refurbishment will allow production to recommence when the board issatisfied as to its sustainability. Subject to metallurgical test work it may be necessary to further upgrade theplant in 2007 should we seek to process ore from additional areas of thetenement holdings and this will be determined as a result of on-going assessmentas and when development is required." For further information please contact: Mercator Gold plcPatrick Harford, Managing Director Tel: +44 (0) 20 7929 1010 Email: [email protected]: www.mercatorgold.com Parkgreen CommunicationsJustine Howarth / Ana Ribeiro Tel: +44 (0) 20 7493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ECR Minerals