14 July 2008QUARTERLY PRODUCTION REPORT AND UPDATEThe Indee heap...

14 July 2008
QUARTERLY PRODUCTION REPORT AND UPDATE
The Indee heap leach operation continued to provide evidence that the heap leaching process is a very effective means of bringing suitable gold deposits into early production. Gold sales for the quarter were 1,224 ounces. This resulted in the cumulative gold recovery reaching 71.8%.>>>>>>>>>>
The 71.8% recovery compares favourably with the 68% recovery that was determined from the feasibility study test work on the Indee deposit.
The heap is continuing to produce gold above the operating costs of production. Hence, the move to the care and maintenance phase is not now expected to occur until well into the coming quarter.