SIH sihayo gold limited

update on temporary disruptions at sihayo?fs..

  1. 20,457 Posts.
    lightbulb Created with Sketch. 269
    UPDATE ON TEMPORARY DISRUPTIONS AT SIHAYO?fS OPERATIONS IN
    INDONESIA


    The Board of Sihayo Gold Limited (ASX: SIH) is providing an update on recent events at its 75% owned Sihayo
    Pungkut Gold Project in North Sumatra, Indonesia.
    As previously reported, on Sunday 29th May, a group of demonstrators, believed to be supported by the
    representatives of illegal artisanal miners from the region, arrived and caused significant damage to Sihayo?fs
    exploration camp.

    Police reports received by the Company, confirm that a significant number of demonstrators have already been
    arrested and detained over the damage to the exploration camp. The full investigation is ongoing and may well
    result in further people being interviewed by police.
    Local police, with strong support from regional police, have fully secured the exploration camp. In conjunction
    with company employees a full account of the damage is being completed and preparation for the re?]building of
    the new exploration camp is well advanced.

    The swift action of the police has sent a very clear message to the broader community and specifically those
    associated with the illegal artisinal miners, that unlawful actions will not be tolerated and those people
    responsible for such actions will be prosecuted.

    The new exploration camp will be smaller than the damaged camp because the amount of ongoing drilling to
    confirm and define the northwestern and southeastern extensions of the current 1.4 million ounce JORC
    Compliant Resource can be completed by a maximum of two drilling rigs. During the infill drilling campaign over
    the past 14 months the exploration camp supported up to a maximum of nine drilling rigs.
    Despite the interuption at the Sihayo exploration camp, our regional exploration program across the Contract of
    Work (?gCOW?h) continues with the primary focus being the ongoing drilling at the Tambang Tinggi porphyry
    copper / gold prospect and the pre?]drilling exploration work at the Hutabargot Julu epithermal gold prospect.
    The Company shall issue a further update to the market as new information is obtained and progress towards the
    physical re?]building of the new exploration camp is achieved.

    Yours faithfully,
    SIHAYO GOLD LIMITED
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.