Goldproduzent für 15 Mio. Euro - 100.000 Unzen p.a

Perth, Oct 17, 2011 (ABN Newswire) - Focus Minerals Limited (ASX:FML) says today that Australian gold producer, Crescent Gold Limited (ASX:CRE) (TSE:CRA)  has hit its market guidance for the September Quarter, producing 21,915  ounces of gold from its operations at the Laverton Gold Project.

With  production commencing at its Mary Mac Hill deposit, and accelerating  its newly developed Fish operation, Crescent processed 504,288 tonnes of  ore at an average grade of 1.5g/t over its 39 day campaign at Barrick  Granny Smith (BGS) under its Ore Purchasing Agreement. It achieved an  average gold price of $1,660 to deliver net revenue of $36.6 million.

"This  is an outstanding result reflecting the great work done by the  operating team in the effective development of our new open pit  operations at both Mary Mac Hill and Fish," said Crescent Gold Managing  Director Mark Tory.

"Both Mary Mac and the newly developed Fish  operations are now in full production mode to the extent that we already  have 300,000 tonnes of ore stockpiled at Barrick Granny Smith in  preparation for the December quarter processing campaign (Campaign 9)".

Campaign 9 is planned to run for 32 days and it is forecast that between 17,000 and 19,000 ounces will be produced.

Focus  Minerals Limited successfully completed its off-market takeover of  Crescent Gold earlier this month. The offer was strongly supported with  82.5% shareholder acceptance.

Campbell Baird, Focus' Chief  Executive Officer, said the team at Crescent had delivered an  outstanding Quarter, and laid the foundation for strong production in  the December and March Quarters.

"This has been an excellent achievement and the planning is well advanced for subsequent campaigns," said Mr Baird.

Later  this month the Crescent team will mobilise a fourth digging fleet to  commence mining at the Apollo deposit providing three separate ore  sources in the lead up to the commencement of campaign 10 starting in  early January 2012.

"Apollo is a really exciting area for future  production growth with a number of targets running to the north and  south through the Chatterbox shear which we expect to become a major  future source of production for the group," Mr Baird said.

Crescent  announced a maiden 54,000oz proved and probable reserve at Apollo  earlier in the year. The Apollo pit, which is currently planned to be up  to 1.5km long, is situated on the Chatterbox shear zone some 7km to the  west of the Laverton. Crescent also holds tenements along some 30km of  the Chatterbox shear zone.

Production commenced in the September  Quarter from the Mary Mac Hill deposit which has a probable reserve of  306,000t @ 1.8g/t for 18,000oz and continued at the recently developed  Fish pit with a probable reserve of 292,000t @ 3.5g/t for 33,000oz.

This was Crescent's eighth quarterly campaign under the OPA with Barrick Granny Smith.

About Crescent Gold

Crescent  Gold Limited is an Australian gold producer operating the Laverton Gold  Project, located 250km northeast of Kalgoorlie in Western Australia.  The Company maintains a dominant land position of more than 1,200km2 of  highly prospective tenements in a world recognised and well-endowed  mineralised geological domain. The Company has 26.5Mt of Measured,  Indicated and Inferred Mineral Resources that contain more than 2.1Moz  of gold, and a Proved and Probable Ore Reserve position of 381,000  ounces (both as at 30 June 2011).