Crescent Gold Limited
ASX : CRE
TSX : CRA
FRANKFURT : CRE5

Crescent Gold Limited

February 17, 2011 01:45 ET

Crescent Gold Limited: Temporary Suspension of Laverton (WA) Mining Operations Due To Cyclone-related Rains

PERTH, WESTERN AUSTRALIA--(Marketwire - Feb. 17, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Crescent Gold Limited (TSX:CRA)(ASX:CRE)(FRANKFURT:CRE5) advises that as a safety precaution, it has temporarily suspended operations at the Company's wholly-owned Laverton Gold Project in Western Australia due to the arrival of unseasonal heavy rains throughout the Goldfields region associated with Cyclone Dianne off the northwest coast of Western Australia.

The heavy rains and localised flooding are impacting numerous mining company operations in the region.

Crescent has placed priority on the safety of all staff and contractors based in Laverton and has evacuated the main camp to the community hall in Laverton and suspended all mining and haulage operations until further notice.

Measures are in place to ensure that mining and haulage operations recommence as soon as management is satisfied that it is safe to do so.

Additional information related to the Company is available for review at SEDAR or on the Company's website at www.crescentgold.com

ASX Code: CRE
TSX Code: CRA
FFT Code: CRE5
   
SHARE INFORMATION  
   
ASX Share Price: A$0.10
   
Issued Shares: 1,077.9m
   
Market Cap: A$107.8m
   
Unlisted options: 33.2m
   
CONTACT DETAILS
Level 2,
40-48 Subiaco Square
Subiaco WA 6008
Phone: +61 8 6380 7100
Fax: +61 8 6380 7199
info@crescentgold.com
www.crescentgold.com
 
ABN 49 087 360 996

Contact Information

  • In Australia:
    Crescent Gold Limited
    Mark Tory
    Interim Managing Director
    +61 8 6380 7100
    or
    In Canada:
    Crescent Gold Limited
    Renee Brickner
    +1 604 802 6806
    www.crescentgold.com