Norseman released more upbeat news for investors - a new reef at Harlequin has been identified with high grade gold intercepts received from underground drilling results.

Norseman Gold has moved from a company perceived to be high cost, unprofitable, saddled with debt and teetering on the edge, to a company which is debt free, enjoying rising revenues and falling costs

Fortunately for investors and Norseman Gold, it remains completely unhedged, allowing it to benefit fully from the rising gold price.

?this situation may present value to investors who like turnaround stories, and who believe in the ongoing fundamentals of gold, with an opportunity ? especially as higher grades of ore are now available to effect production.