Business
Resumption of Gold Production at Bonanza South
Resumption of Gold Production at Bonanza South.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\n\nSEC Exemption No. 82-4831\n\nTrading Symbol: SXR - The Toronto Stock Exchange \n\nTORONTO, ON and JOHANNESBURG, South Africa, Jan. 19 /CNW/ - sxr Uranium\nOne Inc (Uranium One) announced today that gold production has resumed at its\nBonanza South operations near Klerksdorp, South Africa.\nProduction was temporarily suspended last month after a bearing failure\nin the primary crusher, which is a surface facility used to crush ore from the\nBonanza mine in readiness for processing in the gold plant. A replacement\nbearing has now been installed and gold production has resumed. The repair\ncost was not material.\nSaid Uranium One CEO and President Neal Froneman \"Mining operations at\nBonanza South have continued throughout the period of the repair, and we also\nused the time for other important maintenance work. While there was a short\nterm disruption, there will not be any long term impact on gold production, as\nthere is spare capacity in the plant, enabling us to catch up speedily on\nproduction.\"\nBonanza South is a pilot project for Uranium One's Dominion Rietkuil\nuranium project, which is scheduled to begin production next year.\nsxr Uranium One Inc. is a Canadian uranium and gold resource company with\na primary listing on The Toronto Stock Exchange and a secondary listing on the\nJSE Limited (the Johannesburg Stock Exchange). The Corporation owns 100% of\nthe Dominion Rietkuil uranium project in South Africa and the Honeymoon\nuranium project in South Australia. Through a joint venture with Pitchstone\nExploration Ltd., the Corporation is also engaged in uranium exploration\nactivities in the Athabasca Basin of Saskatchewan. The Corporation's Aflease\nGold and Uranium Resources Limited subsidiary owns the Modder East gold\nproperty and related gold assets in South Africa.\n\nCautionary note concerning forward-looking statements: Statements in this\nrelease that are not historical facts are \"forward-looking statements\"\ninvolving known and unknown risk and uncertainties which are beyond the\nability of the Corporation to control or predict and which could cause actual\nevents or results to differ materially from those anticipated in such forward-\nlooking statements.\nTo receive the Corporation's news releases by email, contact Carol Smith,\nInvestor Relations at carol(at)aflease.com or Don Falconer, Marketi...