Red Back Mining Inc.
TSX : RBI

Red Back Mining Inc.

September 15, 2009 08:30 ET

Red Back Mining Inc.: Chirano Exploration and Operations Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2009) - Red Back Mining Inc. (the "Company" or "Red Back") (TSX:RBI) is pleased to provide an update on ongoing exploration programs and operations at its Chirano Gold Mine in Ghana.

Exploration

Drilling continues below the Paboase South Underground Resource (News Release: March 30, 2009 - 2.27Mt grading 3.5g/t for 0.25Moz inferred resource) following up on the high grades intersected in recent drilling (News Release: July 27, 2009). New intercepts received since July 27, 2009 are listed in the table below.



------------------------------------------------------------
Hole From To Length Au g/t
------------------------------------------------------------
CHRC1520D 576 606 30.0 2.38
------------------------------------------------------------
CHRC1520DW1 513.8 526.3 12.5 8.89
------------------------------------------------------------
CHRC1520DW2 696 711 15.0 9.19
------------------------------------------------------------
CHDD1521 546 584 38.0 7.24
------------------------------------------------------------
incl 557.3 577 19.7 11.06
------------------------------------------------------------
CHDD1521DW2 504 531 27 8.75
------------------------------------------------------------

Note: True widths are on average 48% of drilled intercepts


These new results extend the strike length of the known high grade mineralisation to 200m. With two rigs currently on site and a third on the way, drilling is aimed at both infill and expansion of this discovery to depth and along strike. The Company aims to report a revised Mineral Resource by year end on which preliminary reserves can be estimated.

Commenting, Richard Clark, President and CEO of the Company stated: "Paboase South continues to demonstrate the high grade potential at depth at the Chirano project. With Akwaaba Deeps on track to ramp up to production levels of 100,000 tonnes per month by the middle of 2010, the Company intends to fast track the assessment of Paboase South to be the second underground operation at Chirano. We are excited about the potential for Chirano to become a long life high grade underground mine in addition to its extensive surface operation."

Operations

The Company is also pleased to report record monthly production from Chirano in August. Chirano produced 16,056 oz despite a five day shutdown of the plant as part of the commissioning of the new ball mill. Ore feed to the new mill commenced on August 31, 2009.

Production from the Akwaaba Deeps underground mine continues to ramp up with approximately 40,000 tonnes of ore having been mined in August 2009. The full planned mining rate of 100,000 tonnes per month is expected to be achieved in the first half of 2010.

About Red Back

Red Back Mining Inc. is an unhedged African focused gold producer. It owns and operates the Chirano Gold Mine in Ghana (90% interest) and the Tasiast Gold Mine in Mauritania (100% interest). Major plant expansions at both Chirano and Tasiast are substantially complete. Aggressive exploration programs aimed at increasing the Company's resource and reserve base at both Chirano and Tasiast are ongoing.

The technical contents of this release have been reviewed by Hugh Stuart, BSc., MSc, a Qualified Person pursuant to NI 43-101. Mr. Stuart is the VP - Exploration of the Company and a Member of the Australasian Institute of Mining and Metallurgy. Samples are prepared and analyzed by fire assay using a 50 gram charge at the Analabs facility in Bibiani, Ghana in compliance with industry standards. Field duplicate samples are taken and blanks and standards are added to every batch submitted. Selected samples from this lab are check assayed each month at other Analabs laboratories worldwide.

This News Release contains forward looking statements which are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward looking statements. The Company does not intend to update this information and disclaims any legal liability to the contrary.

On behalf of the Board of Directors:

Richard P. Clark, President

Contact Information

  • Red Back Mining Inc.
    Simon Jackson
    VP-Corporate Development
    (604) 806-3070
    (604) 689-5452 (FAX)
    or
    Red Back Mining Inc.
    Sophia Shane
    Investor Relations
    (604) 689-7842
    www.redbackmining.com