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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: roto	5/23/2007 12:38:15 PM
	of 78427

interesting RNG info> an anonymous director (Rio Narcea) reports... ********Rio Narcea starts hot commissioning at Tasiast 2007-05-23 11:35 ET - News Release An anonymous director reports RIO NARCEA ANNOUNCES COMMENCEMENT OF HOT COMMISSIONING AT TASIAST Rio Narcea Gold Mines, Ltd. has successfully completed cold commissioning and has commenced hot commissioning at its Tasiast gold project in Mauritania, West Africa. The company anticipates the first gold pour at Tasiast to take place soon after first fill of plant circuits. Tasiast is expected to produce 50,000 ounces of gold in the second half of 2007. The deposit will be mined by simple open pit mining, with a standard gold plant flow sheet. The open pit project comprises proven and probable reserves of approximately 12.0 million tonnes at 2.70 grams per tonne (g/t) containing 1.04 million ounces of gold, calculated at a gold price of $491 per ounce. Based upon the current reserves and mine plan, annual gold production for the first eight years of mine life is estimated to average 108,000 ounces per year at a grade of 3.25 g/t and a recovery rate of 94 per cent. The mineralization is open at depth and along strike. for the webpage> investcom.com

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