MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)
US OTC: MTGDY
LONDON: 14 SEPTEMBER 2006 - Mercator Gold is pleased to announce that on 11 July 2006 the Company awarded Murchison Repairs and Maintenance (“MRM”), a highly experienced and respected Engineering group, a contract for £1.2 million to refurbish the Yaloginda Carbon in Pulp Gold Processing Plant. While the plant is in very good condition, refurbishment is essential to ensure all mechanical and electrical components are in full working order so that we achieve a smooth return to full operations at the plant.
Progress to date is on schedule and under Budget with completion expected early in January 2007.
Managing Director, Patrick Harford, said:
“We are very happy with progress to date on the refurbishment; concerns within the industry about capital works, both as to cost and timing, have been allayed and this refurbishment will allow production to recommence when the board is satisfied as to its sustainability.
Subject to metallurgical test work it may be necessary to further upgrade the plant in 2007 should we seek to process ore from additional areas of the tenement holdings and this will be determined as a result of on-going assessment as and when development is required.”
For further information please contact:
|Mercator Gold plc|
|Patrick Harford, Managing Director||Tel:||+44 (0) 20 7929 1010|
|Justine Howarth / Ana Ribeiro||Tel:||+44 (0) 20 7493 3713|
Click Here for the full text PDF version of this Press Release