NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: CAUSSA CAPITAL CORPORATION TSE SYMBOL: CAU
MARCH 6, 2000
Caussa Capital Corporation: Gold Operations Expanded
TORONTO, ONTARIO--Caussa Capital Corporation is pleased to announce the completion of the expansion and upgrading of operations at its 66.7% owned Barberton Gold (Pty) Ltd. The expansion and upgrading involved the integration of raw material handling and gold recovery through installation of a hydraulic mining system, which should significantly enhance the cost efficiency, productivity and profitability of the operation.
Barberton Gold recovers gold from tailings at Avgold Limited's Fairview Mine located near the town of Barberton in the Province of Mpumalanga, South Africa. The new hydraulic mining system involves the mining and reclamation of the mine tailings material using high-pressure water cannons, also known as monitors. The new water monitoring system delivers a slurry to the recovery plant, thereby rendering the former production method obsolete which involved the trucking, conveyoring and milling of the tailings. Barberton Gold retained the firm of Fraser F. Alexander Tailings (Pty) Ltd. to engineer, install and operate the monitoring system and tailings deposition at Barberton Gold on a toll basis. Fraser Alexander are world leaders in hydraulic mining. The expanded operation is projected to process over 120,000 tonnes of tailings material annually at an average recovered grade of 1.2 grams of gold per tonne.
In addition to its interests in the Barberton Gold operation and the Witkrans diamond property, where trial mining has recently begun, Caussa's interests also include the yet unexplored K2 diamond property. Caussa continues to examine and evaluate other opportunities in the resource and non- resource areas, particularly in the technology sector.
In our press release dated Wednesday, March 1, the appointment of Mr. Ken Johnson as President of Caussa was announced. For clarification, Mr. Anthony D. de Werth will continue as Chairman and Chief Executive Officer of Caussa and all other officers and directors remain the same. Caussa's two senior officers are working closely on the further development of the initiatives mentioned above.
FOR FURTHER INFORMATION PLEASE CONTACT:
Caussa Capital Corporation
Ref: Anthony D. de Werth, Chairman & CEO (416) 861-9940
(416) 861-0057 (FAX)
or Kenneth W. Johnson, President
(416) 861-9940 (416) 861-0057 (FAX)
or Robert Yeoman Vice President (416) 861-9940
(416) 861-0057 (FAX)
Website: caussacapital.com
NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY
AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. |
