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Friday, 7th November 2008 (1643 views)

Goldplat has announced that, despite the economic downturn, it has witnessed strong trading figures for the first quarter of its current financial year.

According to the gold producer, it is "positioned to maintain healthy growth" and is on target to start producing gold before the end of 2008 at its Kilimapesa Project in Kenya.

Ore from Kilimapesa is currently being stockpiled from the underground operations and from local artisanal miners and Goldplat is also making significant progress at its South Africa gold recovery business.

The company now intends to continue evaluating additional mining opportunities in other African countries with a view to expanding its operations.

Located in the Migori Archaean Greenstone Belt in western Kenya, 175m of quartz vein strike has been exposed by Goldplat at Kilimapesa under a bulk sampling programme and sampling indicates an average value of 6.28 grammes per tonne of gold over a strike of 114m with a stope width of 127cm.

Producer Goldplat is listed on the AIM stock market and has operations in South Africa, Kenya and Ghana, with plans to create a mid-tier mining house focused on gold production with revenue generated from its gold recovery operations.

 

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