MONTEVIDEO, URUGUAY and LONDON--(Marketwire - September 12, 2008) -
Production
Uruguay Mineral Exploration Inc ("UME") (
TSX-V:
UME) (
AIM:
UGY) announces
that it has produced 16,439 ounces of gold for the first quarter of fiscal
2009 ended August 31, 2008. Ore processed for the quarter was 335,832
tonnes at an average gold grade of 1.67 g/t with recovery of 91.4%.
Gold production for the quarter was slightly down from the target of 17,000
ounces due to the delayed permitting of the Polvorín pit. Polvorín is now
permitted and in operation. The Company remains on track to achieve its
production target for the 2009 fiscal year of 80,000 ounces of gold.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
Editors' note: Uruguay Mineral Exploration Inc. is a gold producer and
exploration company focused on identifying and developing mineral
opportunities in Uruguay. UME is a fully integrated mining company,
possessing the skills necessary to explore and develop its discoveries. The
Company operates the only producing gold mine in Uruguay (San Gregorio),
and is also the leading mineral exploration company in Uruguay having
assembled an exploration portfolio based on gold, base metals (copper,
nickel, lead, zinc) and diamond prospects.
Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London
(AIM) and RBC Capital Markets is its Nominated Adviser and Broker.
Contact Information: For further information, please contact:
Uruguay Mineral Exploration Inc
Tony Shearer
Chairman
+44 20 7602-1570
David Fowler
CEO
598 2 6016354
Investor Relations
Susan Borinelli
Breakstone Group
+1 646-330-5907
RBC Capital Markets
Sarah Wharry
+44 (0) 20 7653 4667