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Range River Gold starts mining at Ramornie North and Sarah open pit gold mines

Last updated: 08:36 16 Nov 2010 GMT, First published: 09:36 16 Nov 2010 GMT

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Gold producer Range River Gold (ASX: RNG) has commenced open pit mining of Ramornie North and Sarah gold mines at its Mt Morgans project in Western Australia, representing major milestones for the company as they are the first to have been discovered by Range’s geological team and brought into production.

The company has also re-opened its new major producing Transvaal underground gold mine in another key milestone as it will be the major producing mine at Mt Morgans for the next four years and beyond.

The acquisition of Mt Morgans was based on the company’s view that there was significant potential to deliver high grade gold resource ounces over and above those in the historically mined deposits.

The successful exploration and development into production of Ramornie North and Sarah is the first tangible step of the plan to grow actual production to 100,000 ounces (oz) of gold (Au) pa within five years.

These developments and the recently announced 44% increase in Mineral Resource to 869,140 oz Au emphasise the excellent exposure of Range to a rising gold price through re-evaluation, discovery and development of near mine extensional resources.

Drilling is underway to convert the Inferred Mineral Resources to Indicated Mineral Resources.

In addition, the development of the Craic underground gold mine is a key element of the production plan for Mt Morgans.

The underground mine is expected to provide high grade gold ore through open stoping of ore blocks that continue at depth below the open pit.

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