SANDSTORM GOLD PROVIDES PRODUCTION UPDATE FOR LUNA GOLD'S AURIZONA MINE
Sandstorm Gold Ltd. has learned that gold production has reached feasibility levels at the Aurizona mine operated by Luna Gold Corp. Gold production for the month of August, 2011, was 5,018 ounces.
Sandstorm President and CEO Nolan Watson commented, "We are excited to see a ramp up to feasibility levels occur at Aurizona. The progress made over the last several months can be attributed to mine process changes and excellent management practices of the Luna Gold team."
2011 Production Table:
Apr 11 May 11 Jun 11 July 11 Aug 11
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Processed ore - tonnes 32,465 82,654 95,416 111,783 144,728
Average grade processed - g/t 1.02 1.32 1.31 1.20 1.29
Average recovery rate % 63 61 69 82 88
Gold produced (ounces) 671 2,123 2,766 3,380 5,018
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Note -
These production statistics are unaudited and may be subject to
change.
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