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Swan Gold Mining Limited

Publié le 06 août 2007

commits funds to Kalgoorlie community housing project

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Please click on the link below to view and download a photo of Murchison-Eyre MLA John Bowler, Monarch Gold Chairman Michael Kiernan and LMS Ministries Principal Graham Thomson, at the launch of the commAccom housing project in Kalgoorlie yesterday. The full media release is pasted below.

 

http://www.purplecom.com.au/_content/documents/584.JPG

 

MEDIA RELEASE

Sunday 5 August 2007

 

Monarch Gold commits funds to Kalgoorlie community housing project

 

Monarch Gold Mining Company (ASX/DIFX:MON), an independent Western Australian gold producer, has contributed $250 000, plus an ongoing $100 000 per annum each financial year to a new community housing project in Kalgoorlie.

 

Mr John Bowler MLA, Member for Murchison Eyre, commemorated the contribution at a ceremony today to mark the naming and dedication of Monarch Gold House, and officially open the commAccom housing.

 

“Monarch Gold’s generous support demonstrates good corporate social responsibility at its best and provides a positive example for others within the mining industry,” Mr Bowler said.

 

The commAccom project was developed in response to the need for low cost accommodation to house people carrying out community work in the Goldfields.

 

Monarch Gold Chairman Michael Kiernan said it is important for the mining industry to support the communities in which they operate.

 

Kalgoorlie is the mining backbone of Western Australia and while the boom is creating great opportunities, it is also putting stress on the infrastructure and accommodation,” he said.

 

“I see it as the mining industry’s responsibility to give back to the community in a tangible way and ensure we have a positive impact where possible.”

 

The commAccom project provides housing at a nominal rental, covering only minor maintenance items.

 

The project is managed by local charity group, LMS Ministries, headed up by Graham Thomson.

 

According to Mr Thomson, the largest single barrier to attracting community workers to the Goldfields is the cost of housing.

 

“We have developed a number of unused and derelict properties throughout Kalgoorlie-Boulder in order to provide accommodation for chaplains, mentors and people involved in similar community services, and to meet emergency needs of underprivileged families,” Mr Thomson explained.

 

“Monarch Gold’s contribution will go a long way to help provide a sustainable long term solution to accommodation for our community workers,” he said.

 

The commAccom project aims to have 15 properties within the city, fully restored and serviced, and housing the team of chaplains, mentors, councellors and community workers required to meet the needs of the Goldfields region.

 

- ENDS -

For further information, please contact:

 

Michael Kiernan                                                                      Warrick Hazeldine

Executive 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.

 

The company has laid the foundations for its growth as a mid-tier Australian gold production company. Key assets include the Davyhurst Gold project, the Minjar Gold project, the ground package surrounding the historic 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 project and mining of the first ore at Monarch’s Mt Ida project expected in late July. Refurbishment of the Davyhurst Mill is on schedule, with supporting infrastructure already in place.

 

Monarch has commenced production at Davyhurst with a head grade of 5.3g/t Au and the first gold to be poured in late July.

 

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).

 

Mt Ida - resources are stated as 143,000t at 24.0 g/t containing 110,650 ounces of gold within three areas - the Baldock, Whinnen and Meteor deposits, adjacent to the historic Timoni underground gold mine which produced 265,000oz of gold. 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’ 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

 

***

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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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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