NOTICE OF NO CORPORATE ASSOCIATIONS
(Thomson Reuters ONE) - MEDUSA MINING LIMITED ABN: 60 099 377 849 Unit 7, 11 Preston Street Como WA 6152 PO Box 860 Canning Bridge WA 6153 Telephone: +618-9367 0601 Facsimile: +618-9367 0602 Email: admin(at)medusamining.com.au Internet:www.medusamining.com.au 25 January 2010 NOTICE OF NO CORPORATE ASSOCIATIONSIt has come to Medusa Mining Limited's ("Medusa" or the "Company") attentionthat there have been articles in the media creating the impression of aconnection between Medusa and other listed companies within the gold sector.We wish to advise that the Company has NO corporate association, affiliation norinvolvement with any such entity, and any contrary impression is entirely false.ABOUT MEDUSA MINING LIMITEDMedusa Mining Limited("Medusa" or the "Company"), a public company listed on theASX, AIM and the TSX, is an Australian based gold producer, focussed solely onthe Philippines.With current mineral resources comprising Indicated 580,000 ounces of gold andInferred 1,310,000 ounces of gold, Medusa's corporate strategy is to become amid tier 300,000 to 400,000 ounce per year, low cost gold producer.The Company is currently expanding its high grade Co-O Mine operations(Indicated Resources 580,000 ounces of gold inclusive of a Probable Reserve of500,000 ounces of gold, and Inferred Resources 660,000 ounces of gold) toincrease its forecast production to 100,000 ounces per year in 2010, and isconducting near mine exploration to assess the possibilities of furtherexpansion to 200,000 ounces per year. Current cash costs at the Co-O Mine areapproximately US$200 per ounce. A pipe-line of deposits is now being established with the Bananghilig Deposit(Inferred Resource of 650,000 ounces of gold) recently added and which isexpected to expand, potentially in conjunction with nearby discoveries.Further potential upside exists in the discovery of substantial copper depositswithin the tenement holding of > 800km2.For further information please contact: Australia Medusa Mining Limited +61 8 9367 0601 Geoffrey Davis, Managing Director Roy Daniel, Finance Director United Kingdom Fairfax I.S. PLC +44 (0)20 7598 5368 Nominated Adviser/Joint Broker Ewan Leggat Lothbury Financial +44 (0)20 7011 9411 Michael Padley/Libby Moss Canada Nicholas Sayce, Investor Relations +1 416 822 4404[HUG#1376714]
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:Leseranfragen:PresseKontakt / Agentur:Bereitgestellt von Benutzer: hugin
Datum: 25.01.2010 - 05:25 Uhr
Sprache: Deutsch
News-ID 1009368
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Phone:
Kategorie:
Anmerkungen:
Diese Pressemitteilung wurde bisher
116 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"
NOTICE OF NO CORPORATE ASSOCIATIONS
"
steht unter der journalistisch-redaktionellen Verantwortung von
Medusa Mining Ltd
(
Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum
Haftungsauschluß (gemäß
TMG - TeleMedianGesetz) und dem
Datenschutz (gemäß der
DSGVO).
