PERTH, WESTERN AUSTRALIA--(Marketwire - Feb. 17, 2011) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Crescent Gold Limited (TSX:CRA)(News - Market indication)(FRANKFURT:CRE5) advises that as a safety precaution, it has temporarily suspended operations at the Company's wholly-owned Laverton Gold Project in Western Australia due to the arrival of unseasonal heavy rains throughout the Goldfields region associated with Cyclone Dianne off the northwest coast of Western Australia.
The heavy rains and localised flooding are impacting numerous mining company operations in the region.
Crescent has placed priority on the safety of all staff and contractors based in Laverton and has evacuated the main camp to the community hall in Laverton and suspended all mining and haulage operations until further notice.
Measures are in place to ensure that mining and haulage operations recommence as soon as management is satisfied that it is safe to do so.
Additional information related to the Company is available for review at SEDAR or on the Company's website at www.crescentgold.com.
For more information, please contact
Crescent Gold is a gold development stage company based in Australia.
Crescent Gold holds various exploration projects in Australia and in Philippines.
Its main assets in production are LAVERTON GOLD MINE, LAVERTON WEST GROUP WEST LAVERTON, WEST LAVERTON GROUP EURO, WEST LAVERTON GROUP MARY MAC SOUTH, WEST LAVERTON CRAIGGIEMORE, WEST LAVERTON MARY MAC, CENTRAL LAVERTON GROUP SICKLE, CENTRAL LAVERTON GROUP ADMIRAL HILL, CENTRAL LAVERTON GROUP BARNICOAT, CENTRAL LAVERTON GROUP BELLS, CENTRAL LAVERTON GROUP BOGLE SOUTH, CENTRAL LAVERTON GROUP CASTAWAY, CENTRAL LAVERTON GROUP GROUSE, CENTRAL LAVERTON GROUP IDA H, CENTRAL LAVERTON GROUP PIECES OF EIGHT, CENTRAL LAVERTON GROUP SCOTLAND YET, CENTRAL LAVERTON GROUP SHE RIGHT EAST, CENTRAL LAVERTON GROUP SHE RIGHT WEST, SOUTH LAVERTON GROUP BLACK LABEL, SOUTH LAVERTON GROUP LILY POND WELL, JASPER HILL GROUP FISH, JASPER HILLS GROUP LORD BYRON, BURTVILLE GROUP BURTVILLE and BURTVILLE GROUP KARRIDALE in Australia, its main asset in development is LAVERTON-LORD BYRON(JASPER HILLS) in Australia and its main exploration properties are MANKAYAN in Philippines and STURT JOINT VENTURE in Australia.
Its stock quote reached its highest recent level on November 09, 2007 at AU$ 0.52, and its lowest recent point on March 18, 2011 at AU$ 0.03.
Crescent Gold has 1 077 909 687 shares outstanding.