Mercator Gold PLC
14 September 2006
MERCATOR GOLD PLC
('Mercator Gold' or the 'Company')
London 14 September 2006 - Mercator Gold PLC (AIM:MCR)
Refurbishment Contract Awarded
On Schedule And Under Budget
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
Email: info@mercatorgold.com
Website: www.mercatorgold.com
Parkgreen Communications
Justine Howarth / Ana Ribeiro Tel: +44 (0) 20 7493 3713
This information is provided by RNS
The company news service from the London Stock Exchange