Central African Gold

Published : May 14th, 2007

Strengthens Management Team

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Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining

 

14th May 2007

 

Central African Gold Plc (“CAG” or “the Company”)

Strengthening of the Management Team

 

CAG, the AIM traded gold mining and exploration company, is pleased to announce it has appointed the following members to its team:

 

  • Richard Dahl - Exploration Manager, Mali;
  • Simon Youds - Bibiani Mine Underground Project Manager; and
  • Dale Richards - Senior Operations Geologist

 

The appointments are part of the Company’s continuing strategy of assembling a strong management team with the relevant experience and expertise to advance the Company’s gold exploration and production portfolio in Ghana, Mali, Botswana and Zimbabwe. Furthermore the new team members will support the Board’s aggressive growth strategy of continuing to acquire a solid portfolio of projects, to create a leading mid-tier African gold mining company.

 

Richard Dahl, appointed as the Exploration Manager in Mali, has over 25 years experience as a geologist in the mineral exploration industry throughout Africa, the Middle East, Europe and North America. He has joined the Company to administer our Malian exploration portfolio. Richard will be based in Bamako to support the now operational Medinandi project and to help evaluate potential new properties ahead of the 2008 field season.

 

Previously Mr. Dahl was an Associated Consulting Geologist with GAF-AG, a private international geo-information technology company based in Germany with institutional mineral resource projects worldwide. Mr. Dahl has experience in resource project management in Mauritania, Madagascar and Papua New Guinea. Richard has gained a sound understanding of the mining industry having worked in both consultative and managerial roles within the geoscientific mineral exploration arena.  He worked as a Consulting Geologist undertaking geoscientific, technical advisory and project management roles for clients such as North American Palladium Ltd, Ditem Exploration Inc and Arca Exploration Inc. Mr. Dahl was also Resident Manager for Cluff Mining Burkina SARL of Cluff Mining Ltd, Santa Fe Mining Inc. and Newmont Mining USA, in Burkina Faso. He was in charge of the evaluation and acquisition, programming, planning and execution of exploration work on company licences. Furthermore Richard Dahl acted as a Technical Advisor for the United Nations, where he was based in Niger, West Africa designing, planning and installing a computerised geological and mining information centre for mining exploration initiatives.

 

Simon Youds has been appointed as the Bibiani Mine Underground Project Manager, CAG’s flagship project in Ghana, to help oversee the mine’s operations and assist with commissioning the phased expansion of its operations and production levels. Simon specialises in underground mining engineering and management and has over 12 years experience in the area.  He started his professional career as a mining engineer, having graduated with a Batchelor of Engineering from the University of New South Wales, Australia and subsequently held a number of positions in engineering roles for Australian based mining companies, namely Managing Contractor for Central Norseman Gold Corp Ltd; Drill and Blast Manager Engineer for Olympic Dam Operations; and a Senior Operations Engineer for WMC Leinster Nickel Operations.

 

More recently Mr. Youds undertook various mining managerial roles where he was in charge of the development and construction of mines.  He was a Mining Manager for an underground gold project in the Highlands of Kainantu in Papua New Guinea, where he has worked since 2005. Previously he held positions in Tanzania with Barrick Gold Corporation and Afrika Mashariki Gold Mines Ltd.

 

Dale Richards has been appointed by CAG as Senior Operations Geologist. Mr. Richards has gained over ten years experience in the mining industry working in the operational geology field in consultative roles primarily in western, central and southern Africa. His work to date has had a strong emphasis on ore body modelling, mineral resource and mineral reserve estimation and strategic planning. Until recently he was an Advisor for Venmyn Rand Pty Ltd a South African based, independent mining and minerals management consultancy, where he compiled technical and geological information and compiled techno-economic reports.

 

Dale has had extensive experience in both Ghana and South Africa having worked in senior geologist positions for a number of large mining houses. He has worked for Ghana Manganese Company in a consultative role, reviewing historical exploration data for brown-field gold exploration projects. Additionally Mr. Richards has worked closely with Gold Fields, a world class precious metal producer, on a number of its mining projects in both Ghana and South Africa. He was employed to work as a senior geologist on the Tarkwa gold mine in Ghana overseeing geological modelling, geo-statistical evaluation and implementing a grade control system for its operations. He was also contracted by Gold Fields to oversee the operational geology function of the East Driefontein gold mine and the Kloof gold mine, both based in South Africa near Johannesburg.  Mr. Richard’s applied ground experience will supplement CAG’s Bibiani operations in Ghana and help support the Company’s growing operational base in Zimbabwe.  

 

Central African Gold’s CEO Mr Greg Hunter said: “We are very pleased to welcome such experienced personnel to the Company and feel they are ideally suited to advance our aggressive growth objectives. We have an already strong portfolio of projects; both producing and exploration focussed in Ghana, Mali, Zimbabwe and Botswana, and are currently reviewing further prospects in the immediate area. I believe the new additions to the management team have added to the strong skills base of the Company and will help support the Board in delivering its vision of CAG becoming a mid-tier African mining house.”

 

* * ENDS * *

 

For further information please contact or visit www.centralafricangold.com or contact:

Greg Hunter                 Central African Gold Plc                       Tel: +27 (0)82 882 4222

 

In London:

Hugo de Salis               St Brides Media & Finance Ltd            Tel: +44 (0)20 7242 4477

Felicity Edwards           St Brides Media & Finance Ltd            Tel: +44 (0)20 7242 4477

Simon Raggett              Strand Partners Limited                        Tel: +44 (0)20 7409 3494

Braden Saunders          Strand Partners Limited                        Tel: +44 (0)20 7409 3494

 

In South Africa:

Nicole Broome             Central African Gold                             Tel +27 11 676 2500

                                                                                                Mobile +27 83 601 1702

Charmane Russell         Russell and Associates                          Tel: + 27 11 880 3924 (Tel)

                                                                                                Mobile + 27 82 372 5816

 

Notes to Editors:

Central African Gold Plc, admitted to AIM in April 2004, was established to acquire gold assets with a geographical focus on Africa. The Company has established a sound portfolio with projects in Ghana, Mali and Botswana. It has a highly experienced management team, which has worked together for four years managing six underground greenstone gold mining operations and building exploration portfolios.

 

CAG’s portfolio includes the producing Bibiani gold mine and prospecting licences in Ghana, which it acquired from AngloGold Ashanti Ltd, two joint ventures in Mali covering 23 prospective permits and licences in Botswana covering the extension of the Kraaipan greenstone belt from South Africa. The directors are evaluating additional prospects in Africa to establish CAG as a leading mid-tier African gold producer with world class exploration and production assets.

 

 

 

Isabel Crossley

St Brides Media & Finance Ltd

Aldermary House, 10-15 Queen Street

London EC4N 1TX

Tel: 020 7242 4477

Fax: 020 7651 8689

Email: isabel@sbmf.co.uk

 

Central African Gold

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CODE : CAN.L
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Central African Gold is a gold producing company based in South africa.

Its main assets in production are BIBIANI in Ghana, FALGOLD AND OLYMPUS PROJECTS in Zimbabwe and MEDINANDI in Mali and its main exploration property is KRAAIPAN in Botswana.

Central African Gold is listed in United Kingdom and in United States of America. Its market capitalisation is GBX 602.5 millions as of today (US$ 959.9 millions, € 722.0 millions).

Its stock quote reached its highest recent level on March 17, 2006 at GBX 9.88, and its lowest recent point on December 03, 2010 at GBX 0.25.

Central African Gold has 1 004 085 968 shares outstanding.

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Annual reports of Central African Gold
Annual Report 2007
2007 Annual Report
Nominations of Central African Gold
5/9/2008Board appointments
Project news of Central African Gold
3/20/2008(Bibiani) Production update at Bibiani
11/14/2007Production update at Bibiani
9/27/2007reports fourfold increase in ore reserves at Bibiani Gold Mi...
Corporate news of Central African Gold
12/1/2010website update
8/17/2009Directorate Change
11/12/2008(CAG) website update - market release
11/30/2007Secures US$10 million extension to existing debt facility
11/7/2007Appointement of CFO
10/17/2007Acquires 100% of Motako gold licence in highly prospective r...
9/27/2007reports circa fourfold increase in underground Ore
9/20/2007Appoint RBC as broker
6/5/2007Signs heads of agreement over the Kola permit
5/29/2007Discovers new gold mineralisation zones and establishes 504,...
5/29/2007Discovers new Gold Mineralisation - Mali
5/23/2007Final Results
5/17/2007Regional Gold Exploration on Mali Properties Delivers Exciti...
5/14/2007Strengthens Management Team
2/26/2007Adds 2.48 million oz gold to resource base through acquisiti...
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