ALTN Altyngold Plc

    RNS Number : 4591F
  Hambledon Mining PLC
  09 October 2008
   
    Production Update


    Hambledon Mining Plc, the AIM listed gold mining company operating in Kazakhstan, is pleased to report the following production details
from its Sekisovskoye mine for the three months ended 30 September 2008. 

                              July    August  September  Total

 Milled tonnage (dry tonnes)  55,483  35,685  70,938     162,106
 Head grade (gm/t)            1.32    1.50    1.32       1.36
 Contained gold (gm)          73,074  53,431  93,516     220,021
 Contained gold (oz)          2,349   1,718   3,007      7,074
 Recovery %                   76.0    77.5    72.8       75.0
 Recovered gold (oz)          1,786   1,332   2,190      5,308

 Recovered silver (oz)        3,422   2,313   2,961      8,696


    Comment:

    The good progress made in July was interrupted in August as commissioning of the new tailings dam was delayed and other changes were
made to the process plant, resulting in shut downs of the mills for a total of two weeks. The result for August was therefore disappointing
but creditable in the circumstances. September confirmed the improvements which we are making, and the milling circuit in particular is now
operating well. The mills have been tested for an extended period at some 10% higher than the planned capacity and will be operated at this
rate continuously once the new cone crusher is commissioned in November.

    The grades mined during the quarter were lower than the average expected over the life of the open pit but higher grade areas are
scheduled to be accessed during the current quarter. As already mentioned in our interim results, the metallurgical recovery has been lower
than the 92% indicated by test-work. Various causes have been identified and improvements have already been made which will impact on the
current quarter. 


    Enquiries:

    Hambledon Mining plc 
    Charles Zorab
    +44 20 7233 1462

    Fairfax I.S. PLC
    Ewan Leggat
    +44 20 7598 5368

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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