Mr. David Seton reports
OLYMPUS SUCCESSFULLY POURS FIRST GOLD DORE AT PHUOC SON
Olympus Pacific Minerals Inc. successfully poured its first gold dore bar weighing 11.1 kilograms at the newly commissioned Phuoc Son gold plant on June 22, 2011. This is the first dore bar delivered entirely from the new Phuoc Son facility. Previous production from the plant had been processed through the company's Bong Mieu gold room while technicians finished commissioning the Phuoc Son gold room.
Photos of the Phuoc Son gold pour are on the company's website.
The Phuoc Son gold plant is Southeast Asia's most modern state-of-the-art gold processing facility with plated capacity of 500 tons per day with features incorporated to allow increased capacity to 1,000 tons per day with minimal capital expenditure. Vietnam production in 2011 is forecast to range between 40,000 and 45,000 ounces, which will generate net operating cash to continue exploration and development over our four core properties located in Vietnam, east Malaysia and the northern Philippines.
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