Crescent Gold has grown its 100% owned Laverton Gold Project from 670,000 ozs to 1.38m ozs resource since 2003. Its land holdings have quadrupled from approximately 400km2 to 1600km2.
A feasibility study completed in November 2004 showed that the project was economic. Since then, reserves have nearly doubled to 292,000 ozs and the project economics have improved dramatically as a result of additional reserves and a better gold price. Resources have also increased another 30% during 2005.
After 3 years of drilling and extensive technical work, the company is now well poised to successfully produce gold from Laverton.
Crescent Gold is also exploring in Xinjiang and Inner Mongolia Provinces of western China, an area renound for some of the world.s largest gold and gold-copper deposits. Crescent also has an option over a large land holding in the Northern Territory prospective for 10 iron oxide copper gold (IOCG) and Uranium.