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Message: New Dawn’s Turk and Angelus Mines in Zimbabwe

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New Dawn’s Turk and Angelus Mines in Zimbabwe

posted on Sep 16, 09 04:20PM

New Dawn’s Turk and Angelus Mines in Zimbabwe


35,000 to 50,000 oz Potential Gold Production

Expansion Plans Fully Funded From Operating Cash Flow

The Company has implemented a program to increase its current production at its Turk and Angelus Mines in Zimbabwe to an annual production rate of 35,000 to 50,000 ounces of gold.

Targets:

· Turk Mine is expected to achieve its first annual production target of 14,000 ounces of gold in October 2009.

· The next annual production target of 22,000 to 23,000 ounces of gold is expected to be reached by the end of the third quarter of calendar 2011.

· Management also intends to test a new lower energy fine grinding technology that, if successful, is expected to both improve recoveries and further lower cash costs to below $400 per ounce of gold produced.

Click here to view today's press release in its entirety.

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