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Australia-based mining firm hits first gold in Ghana

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Perseus Mining Limited says it has completed its first gold pour during commissioning at the Central Ashanti Gold Project (CAGP) in Ghana.

According to the Australian-based company, the gold poured is 2,666 grams and it represents gold recovered from the gravity circuit of the CAGP.

“The carbon-in-leach (CIL) tanks are now full of concentrate and the first strip of gold bearing carbon from the CIL circuit is currently in progress as a precursor to a more significant gold pour in the next few days,” said Perseus in a statement August 23, 2011.

The Australian Stock Exchange listed company indicates it plans to produce at the initial rate of about 220,000 ounces of gold in the first twelve months of commercial production and to increase this to about 280,000 ounces per annum in the following year at its Ghana mine.

The company also wants to develop the Tengrela Gold Project in Côte d’Ivoire with production targeted for 2013 with the potential to produce 400,000 ounces of gold per year.

By Ekow Quandzie

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