PG Alluvial Mining Anticipates Substantial Increase in Gold Yield as Production gets Underway at Bagoe River

PG Alluvial Mining PLC (PG5), a gold mining and exploration development organization, with operations located in Mali, West Africa's third most abundant mining territory, announced today its production expectations for 2013. Anticipation is running high with a substantial increase in yields forecast as production gets fully underway at Bagoe River, Mali.

London, United Kingdom.  18th March 2013.


PG5 anticipates production levels to break through the 4300 troy ounce barrier this year, now that production is under-way at Bagoe River, one of the company's concessions acquired earlier in  2011-2012. Bagoe River, Mali has proven to be substantially rich in gold deposits and is set to account for approximately 60% of PG5's overall output this year. Processing volumes are in the region of 15 tonnes per hour (of material) using the company's latest technologically advanced , environmentally friendly processing equipment. Volumes across all of PG5's operations are set to continue to increase up until the end of 2014 with projections running to 1,000 troy ounces monthly production rate. The gears are steadily shifting towards a concentrated effort in expansion and increasing of production to satisfy investors and stakeholders.

Talking about PG5's production expectations for 2013, company founder and CEO Jacky Pluton commented " We are now at a pivotal time in the company's young history having successfully transitioned what we have affectionately termed, the "test years". We are confident to do safe and profitable business in Mali despite large scale gold mining being a relatively young industry and considerably underexploited, we are poised for growth " said Pluton. "The last 'test' years saw the company focus largely on small scale river dredging across its portfolio in preparation for a planned increase in production output for this year. This is definitely a strategic move on our part, which has enabled the company to fully explore and more importantly, test, it's operational logistics in readiness for this bold expansion. We are ready to take our production levels to another level this year" said Pluton.

Since its in inception in 2011, PG5 has been steadfast in making a number of key acquisitions, strengthening its governmental relations and commencing small scale river dredging with some remarkable success.

Commenting further Pluton added " We have guaranteed the future of our mining effort with more than 10 concessions in various stages of exploration and have further concessions planned for later on this year. We are delighted that production is now fully under-way at Bagoe River which means that we are on course to reach projected targets during 2013 and 2014. At the time of our company's listing on the GXG Stock Exchange in London, we estimated projected reserves of over 800,000 ounces of gold worth an estimated USD 1.4 billion in today's market. We are now actively engaged with some of the best sustainable technology available and will make further announcements on progress in the coming months that we are confident will impress stakeholders" added Pluton.


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About PG Alluvial Mining PLC (PG5)

PG Alluvial Mining PLC (PG5) is a fully diversified resource organization focusing on alluvial mining of gold, and is located in the third most abundant gold producing areas of West Africa, Mali. Since it's inception in 2011 PG5 has spent considerable time, resources and capital investigating, testing and carefully putting into place the required infrastructure for a profitable gold mining operation. Founded by Jacky Pluton, the company has offices located in Mali, Dubai and London. PG5 Alluvial Mining PLC (PG5) is an established UK incorporated gold mining company.  PG5 has secured its future in mining with more than 12 concessions for gold mining operations in key strategic locations throughout Mali. It is fully operational concentrating first on small scale river dredging during the initial years which has enabled the company to explore, address and refine critical issues relating to its operational logistics and production infrastructure. PG5 has built substantial government relationships during that time. During the test years PG5 has successfully extracted and exported over 28KG of gold at an average yield 2g/ton. The company is shifting it's gears into production from development with a substantial number of further investments in infrastructure and state of the art technology and as a result anticipates significant increase in production. PG5 is fully licensed to perform all aspects of alluvial and surface mining, exploration, mine development, production,purchase, transportation and exportation of precious metals. PG5 is focused to become a highly profitable mining operation adding value to all stakeholders. PG5 follows responsible and sustainable mining practices and environmentally friendly gravimetric extraction processes and is dedicated to further advancing its corporate social responsibility across all of its operations.



For further information contact:

April Hobbs Public Relations Manager
MLDS Public Relations Management LLC
Concord Tower Suite 16. 22(nd) Floor
Media City, Dubai UAE
april@mlds.co
Telephone : 9714 4364216
Fax: +9714 4470317
Mobile : +97150 4378921

PG5: http://hugin.info/156037/R/1685900/552514.jpg



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Source: PG Alluvial Mining PLC via Thomson Reuters ONE
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Unternehmen: PG Alluvial Mining PLC - ISIN: GB00B5V7P653