Crew ups reserves at Dinguiraye (May 29, 2006)

Drilling through the last half of 2005 increased reserves at the Dinguiraye (Lefa) gold project in Guinea, held by Crew Gold (CRU-T, CRUGF-O).

The reserves are up to 47.6 million tonnes grading 1.6 grams gold per tonne, up from 40.6 million tonnes at 1.7 grams in a previous estimate. The two main zones, Lero Karta and Fayalala, hold the bulk of the reserves; five others hold 7.3 million tonnes grading an average 1.4 grams per tonne.

Lero Karta now has a proven and probable reserve of 21.3 million tonnes grading 1.9 grams gold per tonne. Fayalala has 19 million tonnes grading 1.4 grams per tonne.