Galane Gold announces rise in mineral resources

FRANCISTOWN: Galane Gold this week announced the results of the 2013 mineral resource update at its Mupane Property, located on the Tati greenstone belt in North Eastern Botswana.

The announcement through a technical report shows that the total measured and indicated mineral resource is 508,400 ounces of gold. This is the first mineral resource update for the Mupane Property since the completion of the company's technical report dated May 10, 2011.The measured and indicated gold resources at the Mupane Property, excluding the Mupane Slimes Dump, have increased by 17,600 ounces of gold compared to the figures presented in the 2011 technical report. This is despite two years of depletion through mining activities.

The company has declared, for the first time, a measured mineral resource of 91,800 ounces of gold at the Mupane Slimes Dump, which is located next to the Mupane plant.The mineral resource estimate, effective December 31, 2012, was carried out under the supervision of Charles Byron, chief geologist for Galane Gold and Steven Duma, mineral resources manager for the company's wholly-owned indirect subsidiary, Mupane Gold Mining Ltd. Galane's mineral resources update is expected to serve as a basis for the preparation of a new technical report in respect of the Mupane Property, which is scheduled to be completed in 2013. The report shows that the mine's total inferred mineral resource is 261,100 ounces of gold.

Editor's Comment
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