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Gold/Mining/Energy : Laverton Gold VSE:LAV

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To: Morgan R. Naidoo who wrote (20)3/7/1997 1:13:00 PM
From: burner   of 45
 
Laverton Gold N.L. - News Release

February production results

Laverton Gold N.L. LAVShares issued 1039973831997-03-03 close $0.35Friday Mar 7 1997News ReleaseMr Barry Panos reports The reconciled February production results have just been finalized. These show a second excellent month's production. Below are listed the budget and actual figures for the first two months' production:

Budget Actual + or -
------- ------- -------
JANUARY
Tonnes milled (t) 30,000 33,614 3,614
Grade 2.45 2.40 -0.05
Recovery (%) 85.0 94.8 9.8
Gold equiv. (oz) 2,040 2,471 431
Ore mined (t) 53,820 42,499 -11,321
Waste mined (bcm) 138,000 161,656 145,000

FEBRUARY
Tonnes milled (t) 45,000 48,877 3,877
Grade 2.60 2.36 -0.24
Recovery (%) 90.0 93.3 3.3
Gold equiv. (oz) 3,459 3,517 58
Ore mined (t) 54,288 54,419 131
Waste mined (bcm) 145,000 165,000 20,000

Current ore stock pile: 6,500t

(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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