porky
- 13 Feb 2008 10:23
Surprised to see no comment hear.
It`s been promised for some time and now it has arrived, first Gold Pour.
Production to be ramped up with plenty more exploration to take place..
The drill will be red hot from now on.
Cheers.
halifax
- 03 Sep 2009 18:08
- 4 of 9
This one is worth a look with the price of gold about to rise above $1000.
wizardsleeve
- 10 Mar 2010 17:21
- 5 of 9
Allied Gold lifts resources to 7.8 million ounces
Allied Gold Ltd is building up to a major gold producer in the Pacific region with an annual target output by 2011 of 200,000 ounces.
Author: Ross Louthean
Posted: Wednesday , 10 Mar 2010
PERTH - -
The resource inventory for Allied Gold (ASX: ALD, TSX: ALG & AIM: AGLD) has been lifted significantly with added measured to indicated resources on Simberi Island, part of the Tabar Island group north of the Papua New Guinea mainland.
Executive chairman Mark Caruso said that the objective this year was to have 3 million oz of reserves and 10 million oz of resources on the Tabar Islands and at Gold Ridge in the Solomon Islands.
Simberi Island has a measured to inferred resource of 156 million tonnes grading 1.13 grams/tonne for 5.89 million oz - representing a 170% increase in resources.
Gold Ridge has resources of 37.8 million t @ 1.74 g/t for 2.11 million oz gold.
Caruso said the recent upgrade of resources on the Pigibo and Pigiput deposits on Simberi had helped lift resources there by about 1.3 million oz.
He described the significant resources lift as "testament to the enormous upside of the geological address that we operate in."
"Hence, the position and rationale for the company's buyback of the Tabar and Tatau island (projects) from Barrick was based on regaining control of 100% of the highly prospective 270 square kilometres exploration tenure in the Tabar Islands.
The company also had 130 sq km of "largely unexplored ground" at Gold Ridge in the Solomon Islands which has not been actively explored since 1996, other than limited drilling at the mine site.
A new drilling programme will be undertaken on Gold Ridge in the first half of this year.
An updated reserve statement on company deposits is expected by the end of June.
http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=100685&sn=Detail&pid=1
ravey davy gravy
- 10 Mar 2010 20:42
- 6 of 9
Ah topinfo still trying to push them over here :-))
ptholden
- 06 Oct 2010 22:23
- 7 of 9
Breakout today from previous resistance.
gibby
- 09 Mar 2011 07:43
- 8 of 9
rns says it all - lol.... this one just does the business quietly..... this also good news for solg! yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
RNS Number : 5374C
Allied Gold Limited
09 March 2011
FOR IMMEDIATE RELEASE 9 March 2011
allied gold limited
("the Company")
"This press release is not for dissemination in the USA and shall not be disseminated to USA news services"
FIRST GOLD AT GOLD RIDGE (SOLOMON ISLANDS)
120,000 ozpa mine lifts Allied output to approx 200,000 ozpa
Allied Gold Limited is pleased to advise its 100%-owned 120,000ozpa Gold Ridge gold mine on Guadalcanal in the Solomon Islands has poured its first gold under Allied ownership.
First gold was achieved within a year of Allied taking control of the project and investing $150 million to refurbish and redevelop the mine.
Comment by Executive Chairman Mark Caruso: "This is a significant achievement for Allied Gold, for the dedicated construction and operating teams who have delivered the project on budget and ahead of time we extend our thanks to the Landowners and Government people of the Solomon Islands. This sends a very clear signal the Solomons is open for business and what can be achieved through co-operation and goodwill. We have taken the first steps at Gold Ridge, and much more needs to be achieved for the landowners and the country, but it is a start."
Allied Gold acquired Gold Ridge in 2009-10 through the takeover of Toronto-listed Australian Solomons Gold. Allied also operates the Simberi gold mine in Papua New Guinea. Simberi is currently being expanded to 100,000 ounces per annum.
Ramp up commissioning activities at Gold Ridge are expected to continue for a number of weeks.
Gold Ridge employs approximately 550 people in mining and operational roles with 85% drawn from the Solomon Islands. Allied is also meeting its commitments to relocate or re-house 1900 local people and one third of the way through a programme to build 300 houses.
Exploration activity in the 900-island chain of Solomon Islands has in recent years been modest. However, major gold producers such as Newmont have exploration programmes to the north-east of Gold Ridge and Allied will undertake regional exploration activity on Guadalcanal in 2011-112.
An official re-opening ceremony will be held at Gold Ridge in two weeks time with Solomon Island government representatives and community leaders.
For more details, please contact:
Simon Jemison Investor Relations & Media +61 418 853 922
Rebecca Greco Investor Relations, North America +1 416 839 8610
David Simonson c/. Merlin PR +44 20 7726 8400
JRM
- 21 Apr 2011 14:00
- 9 of 9
An interesting article in the Times today, but no share movement. How odd!