AMN - SOUTH AFRICA: Galane’s Galaxy expansion on track

Galane Gold Ltd is on track to complete the expansion of the processing plant at its Galaxy Gold Project in South Africa ahead of schedule. The company is expanding monthly throughput to 30,000 tonnes.

The Galaxy project continues at pace with the refurbishment of the existing plant completed and now in operation, concentrate production commenced, and first ore production from Princeton achieved.

During the March quarter, there were 6,326 ounces of gold produced and negative cash flows from operating activities of $878,661.

Galane Gold's CEO Nick Brodie said: "The first quarter of 2019 was behind our internal targets due to the failure of the ball mill transformer at the beginning of the year followed by a failure of the main SAG mill motor at the end of the quarter.

"The ball mill was fixed by the end of March 2019 and the SAG mill motor was fixed in May 2019."

He said this would also impact the company's second-quarter results but the aim was to make up the lost ounces during the remainder of 2019.

Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa.

The management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programs.

Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

www.GalaneGold.com