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Swan Gold Mining Limited

Publié le 14 août 2007

APPOINTS MATTHEW GILL AS MANAGING DIRECTOR

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MEDIA RELEASE                                                                                   

 

14 AUGUST 2007

 

 

MONARCH APPOINTS MATTHEW GILL AS MANAGING DIRECTOR

 

Monarch Gold Mining Company (ASX / DIFX: MON) is pleased to announce the appointment of Matthew Gill, former manager at Beaconsfield Gold Mine in Tasmania, as Managing Director.

 

Current Monarch Managing Director Allan Quadrio will move to Territory Resources Limited (ASX: TTY), as Managing Director. Allan will remain on Monarch’s Board as a non-executive Director.

 

The key appointment will take effect within the next three months and continues a momentous month for Monarch, which in the past week has poured its first gold at Davyhurst, acquired the new Riverina Gold Project, and announced an $11 million exploration program across its Goldfields projects.

 

Monarch Chairman Michael Kiernan said the appointment of Mr Gill was another major step forward for the company.

 

“He has more than 25 years of experience in mining operations, direct involvement in the management of gold mining projects in Australia and overseas, backed by hands-on expertise in both underground and open cut operations,” he said.

 

“To move Monarch from explorer to producer on time and on budget has been an outstanding achievement by Allan and the team, and I would like to thank him for his commitment on behalf of all shareholders. I’m certain Allan will stay actively involved in Monarch’s development towards a 500,000 ounce per annum producer by 2009,” he said.

 

Mr Gill will bring to Monarch a first class mining background. In his most recent role as resident manager at Beaconsfield, he was instrumental in building the operation from feasibility stage through to production.

He also played a pivot role in leading the team throug

 

He also has first hand experience in the WA Goldfields as mining manager at Kambalda Nickel Mines with Western Mining Corporation, and international mine management experience with Renison Goldfields and Placer Pacific in Papua New Guinea.

 

Mr Kiernan said the growing momentum within the gold industry was evident at the recent Diggers and Dealers Conference.

 

“There was considerable interest in Monarch Gold as the latest entry to the ranks of gold producer, backed by the largest Australian controlled land position in the Kalgoorlie region,” he said.

 

The positive outlook on demand and price was reiterated at Diggers and Dealers last week by Pierre Lassonde, Vice President Newmont Mining Corporation. Mr Lassonde tipped gold prices to reach US$750 per ounce before the end of the year, and to eclipse the US$1000 per ounce mark in the near future, fuelled by growing demand for the precious metal from China.

 

 

HIGH RESOLUTION PHOTO OF MATTHEW GILL AVAILABLE ON PURPLE COMMUNICATIONS WEBSITE: http://www.purplecom.com.au/gallery.asp

 

 

For further information, please contact:

 

Michael Kiernan                                                         Warrick Hazeldine

Chairman - Monarch Gold                                         Purple Communications

Tel: 08 9481 6422                                                       Tel: +61 (0)8 9485 1254                                                                                                                       

Mob: 0417 944 616    

 

 

 

 

 

 

 

Background

 

The Company has a resource base of more than 2.4 million ounces, two state-of-the-art gold treatment plants, and has dominant ground positions in the prolific gold mining region to the north-west of Kalgoorlie.

 

Monarch now has the largest Australian-controlled ground position in the Kalgoorlie region.

 

Bellevue Gold Mine near Leinster, together with the Siberia Mining Corporation Limited merger, which provided access to Siberia 1.2 million ounce resource base.

 

Monarch remains firmly on track with its production targets, with mining commenced at the Davyhurst and Mt Ida projects. Refurbishment of the Davyhurst Mill is complete, with supporting infrastructure already in place. Monarch’s production at Davyhurst has an average head grade of 5.3g/t Au.

 

Growth Strategy

Monarch’s growth strategy is focused on four potential production centres in Western Australia:

Davyhurst - gold resources of over 2m oz within a 2,000 sq km tenement package and 1.2mtpa gold processing facility (+1.2Moz historic production)

Riverina Project - indicated and inferred gold resources totalling 1.64 million tonnes @ 3.8 g/t Au for 200,000oz.

Mt Ida - resources are stated as 143,000t at 24.0 g/t containing 110,650oz of gold within four areas - the Baldock, Whinnen, Meteor and Timoni deposits. Monarch will commence mining gold in July 2007.

Minjar - gold resources of over 400,000oz within a 1,722 sq km tenement package and 600,000tpa gold processing facility (+120,000oz historic production)

Bellevue - gold resources of 120,000oz associated with the historic Bellevue Gold Mine, one of WA’s premier gold operations (750,000oz historic production)

 

Monarch’s strategy has been to capture opportunities for the consolidation of gold development assets which have not in the past realised their full potential, either due to a lack of capital or to limited exploration.

 

Monarch is focussed on gold production, with a target to be producing 500,000oz per annum by December 2009.

 

For further information visit: www.monarchgold.com.au

 

 

So far as it relates to ore and mineralisation, this report is based on information compiled by John Davis, who is a Member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientist. Mr Davis has sufficient experience which is relevant to the style of the mineralisation and type of deposit under consideration and to the activity which he is undertaking, to quality as a Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting for Exploration Results, Minerals Resources and Ore Reserves. Mr Davis is a full time employee of the Company. This report accurately reflects the information complied by Mr Davis. Mr Davis has consented to the inclusion of this information in the form and context in which is appears in this report.

 

 

Monarch Gold Mining Company

Projects

 

 

 

 

 

 

 

 

***

The new Spam Act commenced on 10 April 2004. This Act is aimed at reducing the amount of unauthorised emails you receive.  You have been receiving e-mails containing information and news releases from us on behalf of our clients because you are an important contact of Purple Communications, a boutique stakeholder communications consultancy.   If you do not wish to receive such emails from Purple, please click mailto: purple@purplecom.com.au subject=UNSUBSCRIBE or reply to this email and put UNSUBSCRIBE in the subject line and we will not email you again.

 If you do not reply, we will continue sending you relevant news and information via email. However, all future emails will allow you to unsubscribe.

 

Issued by

Purple Communications

Level 3, 28 Kings Park Road, WEST PERTH WA 6005

Ph: 08 9485 1254     Fax: 08 6263 0455

purple@purplecom.com.au    

 

 

Swan Gold Mining Limited

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CODE : SWA.AX
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Swan Gold Mining est une société de production minière d'or basée en Australie.

Swan Gold Mining détient divers projets d'exploration en Australie.

Ses principaux projets en production sont LA CAMORRA MILL au Venezuela et MINJAR et MOUNT MAGNET en Australie et ses principaux projets en exploration sont BELLEVUE PROJECT, LONDONDERRY, YERILLA et REPUBLICAN en Australie.

Swan Gold Mining est cotée en Australie. Sa capitalisation boursière aujourd'hui est 27,1 millions AU$ (25,1 millions US$, 16,3 millions €).

La valeur de son action a atteint son plus bas niveau récent le 05 novembre 2009 à 0,29 AU$, et son plus haut niveau récent le 04 juillet 2014 à 2,95 AU$.

Swan Gold Mining possède 91 850 000 actions en circulation.

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Rapports annuels de Swan Gold Mining Limited
2007 Annual Report
2005 Annual Report
2003 Annual Report
Nominations de Swan Gold Mining Limited
14/08/2007APPOINTS MATTHEW GILL AS MANAGING DIRECTOR
Projets de Swan Gold Mining Limited
05/06/2008(Mount Magnet)(ASX:MON) Advancing at Mount Magnet
15/04/2008(Mount Ida)High Grade Expansion at Mount Ida
19/03/2008(Mount Magnet)MOVING FORWARD WITH MOUNT MAGNET
06/11/2007HITS MORE HIGH GRADE GOLD
04/09/2007INTERSECTS HIGH GRADE GOLD
07/08/2007(Davyhurst)POURS FIRST GOLD
17/04/2007(Davyhurst)$6 Million Exploration Program
Communiqués de Presse de Swan Gold Mining Limited
03/07/2009Creditors Accept Stirling Proposal
07/07/2008Advances with $30m Go Forward Funding
08/04/2008Sells Minjar Gold Project
04/02/2008finalizes Mt Magnet purchase agreement
15/01/2008RIVERINA READY TO ROLL - PROJECT UPDATE
16/11/2007ANNUAL GENERAL MEETING
08/11/2007 ACQUIRES HILL 50 GOLD
23/10/2007TARGETS RE-RATING THROUGH TSX LISTING
03/10/2007CAPITALISING ON GOLD GROWTH
07/08/2007LAUNCHES SIGNIFICANT EXPLORATION PROGRAM
06/08/2007CONTINUES EXPANSION
06/08/2007commits funds to Kalgoorlie community housing project
05/08/2007UPDATE: commits funds to Kalgoorlie community housing proje...
08/06/2007EXTENDS RICH MT IDA ACQUISITION
17/05/2007Gears Board for Production
14/05/2007Explores Listing on Dubai Exchang
11/05/2007Placement and entitlements Issue
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