Central Rand Gold announced that the Company has received notice from the Ministry of Mineral Resources cancelling its Mining Right. As such operations have ceased with immediate effect.
Central Rand Gold announced that the company has intersected the Main Reef Package on the old 4 Level workings (approximately 60m vertical metres below surface) within the Slot 8 area of the Consolidated Main Reef tenement in South Africa.
Central Rand Gold released its first independent resources to reserves conversion report. The first CMR mine in South Africa is economic and technically feasible. JORC Probable Reserve totals 270,900 ounces of gold (2.06 million tonnes at 4.1g/t) converted from Indicated Resources within the Main Reef on the Consolidated Main Reef tenement in two well defined channels at depths of between 70 m and 500 m and 70 m and 750m below surface over approximately 2 km of strike where trial mining is set to begin.
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