Crocodile Gold Reports 2014 Year-End Mineral Reserves and Mineral Resources and Maintains Large Resource Base Supporting Future Production
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TORONTO, ONTARIO -- (Marketwired) -- 03/31/15 -- Crocodile Gold Corp. ("Crocodile Gold" or the "Company") (TSX: CRK)(TSX: CRK.DB)(TSX: CRK.WT)(OTCQX: CROCF)(FRANKFURT: XGC) today announces its consolidated 2014 year-end Mineral Reserves and Mineral Resources. The Company's AIF and technical reports prepared in accordance with NI 43-101 supporting the 2014 Mineral Reserve and Mineral Resource estimates will be available under the Company's profile at www.sedar.com.
2014 Highlights
-- Consolidated Mineral Reserves maintained: 2014 year-end Mineral Reserves
increased 1% to more than 935,000 ounces of gold including updated
Mineral Reserves and Resources at Stawell Gold Mines ("Stawell").
-- Increased Measured and Indicated ("M&I") Resources at Fosterville and
Cosmo Gold Mines: M&I Resources increased 3.9% at Fosterville Gold Mine
("Fosterville") and 7.8% at Cosmo Gold Mine ("Cosmo") compared to 2013
following positive exploration results.
-- Maintained Mineral Resource base after depletion: 2014 year-end M&I
Resources maintained at 4.8 million ounces of gold, a similar level
compared to M&I Resources at year-end 2013.
-- Mineral Reserve Grade Impacted by Enhanced Big Hill Open Pit Project: A
focus on delivering high margin ounces has resulted in a year-over-year
decrease in consolidated Mineral Reserve grade to 3.15 g/t as the
Enhanced Big Hill open pit project at Stawell was included in 2014 year-
end consolidated Mineral Reserves.
-- Improved grade profile at Fosterville: Exploration drilling completed at
Fosterville during 2014 has provided increased definition and confidence
in Fosterville's geological model resulting in a 3.0% increase in
Mineral Reserve grade to 6.6 grams per tonne ("g/t") as well as a 8.1%
increase in Measured and Indicated Resources grade to 4.2 g/t.
Rodney Lamond, President and Chief Executive Officer commented: "In 2014, we delivered strong physical and financial results and achieved successful exploration results from drill programs at all of our operating mine sites. Our exploration programs drilled more than 110,000 metres to replace the ounces from record mining depletion and maintained our Mineral Reserve and Mineral Resource base of nearly 0.9 million ounces and 4.8 million ounces of gold respectively. This was a significant achievement given the challenging gold price environment, which also positions us well for 2015. In addition, we are extremely pleased with the positive exploration results from Stawell that enabled us to provide the operation's first updated Mineral Reserve and Mineral Resource report since 2012."
"Looking ahead, we have a clear objective to execute our sustainable mining model to replace the ounces mined per year, roughly between 205,000 to 220,000 ounces annually, through the conversion of resources to reserves while maintaining a consistent resource base."
2014 Mineral Reserve and Mineral Resource Summary(i)
----------------------------------------------------------------------------
Gold Ounces (000's) Gold Grade (g/t)
----------------------------------------------------------------------------
December 31,
2014 2014 2013 % Change 2014 2013 % Change
----------------------------------------------------------------------------
Proven and
Probable
Reserves 935 927 0.9% 3.15 4.13 -23.7%
----------------------------------------------------------------------------
M&I Resources 4,753 4,789 -0.8% 2.82 2.81 0.4%
----------------------------------------------------------------------------
Inferred
Resources 2,024 2,473 -18.2% 2.48 2.46 0.8%
----------------------------------------------------------------------------
(i)Detailed Mineral Reserve and Mineral Resource tables follow at the end of
this press release.
Mineral Reserve Summary by Asset and Highlights:
-- Consolidated Mineral Reserves maintained: Mineral Reserves at Stawell
increased 69.2% since its last technical report in 2012 as a result of
the inclusion of the Enhanced Big Hill Project and positive drill
results achieved during 2014. Adjustments to geological models at
Fosterville resulted in a decrease in Mineral Reserve with an increase
in the resulting grade profile. At Cosmo, resource conversion
expenditures were constrained during the year while under the net free
cash flow sharing arrangement with AuRico Gold Inc. Cosmo's grade
profile decreased slightly due to the inclusion of additional material
from outside the main higher-grade 100 footwall lode. Additionally, at
Stawell, a focus on delivering high margin ounces resulted in a 56.3%
decrease in grade year-over-year to 1.5 g/t due to inclusion of 145,000
ounces, at 1.54 g/t, from the Enhanced Big Hill open pit project.
Proven and Probable Reserves (2P)(i)
----------------------------------------------------------------------------
Gold Ounces (000's) Gold Grade (g/t)
----------------------------------------------------------------------------
December 31,
2014 2014 2013 % Change 2014 2013 % Change
----------------------------------------------------------------------------
Fosterville 308 342 -9.9% 6.55 6.37 3.0%
----------------------------------------------------------------------------
Cosmo 148 180 -17.8% 3.57 3.79 -5.8%
----------------------------------------------------------------------------
Stawell 181 107 69.2% 1.50 3.43 -56.3%
----------------------------------------------------------------------------
Burnside 10 10 - 1.93 1.93 -
----------------------------------------------------------------------------
Union Reefs 42 42 - 4.40 4.40 -
----------------------------------------------------------------------------
Pine Creek 62 62 - 1.55 1.55 -
----------------------------------------------------------------------------
Maud Creek 184 184 - 5.40 5.40 -
----------------------------------------------------------------------------
All Sites 2P 935 927 0.8% 3.15 4.13 -23.7%
----------------------------------------------------------------------------
(i)Detailed Mineral Reserve tables follow at the end of this press release.
Mineral Resources Summary by Asset and Highlights:
-- Consolidated M&I Resources maintained after mining depletion at 4.8
million ounces of gold year-over-year, with a 0.4% increase in average
grade to 2.82 g/t to support future production.
-- Achieved Successful Exploration Results at All Three Operating Mines:
Several opportunities have been identified during the 2014 Mineral
Resource exploration drilling that resulted in increased M&I Resources
at Fosterville and Cosmo. Fosterville increased M&I Resources by 3.9% to
over 2.1 million ounces of gold while Cosmo increased M&I Resources by
an impressive 7.8% to 539,000 ounces of gold.
At Fosterville, the 2014 exploration results established the
continuation of gold mineralization down-plunge and mineralized faults
below the Phoenix and Lower Phoenix Faults demonstrate the potential to
extend Mineral Resources.
At Cosmo, cross-cutting faults have been identified at the southern and
northern edges of the main eastern lode sequence. These faults have been
shown to offset the main lodes and in some cases create repetition of
the mineralization. Extensional drilling will continue to test these
areas during 2015.
At Stawell, mining transitioned from deep in the mine to the upper
levels of the mine where the extraction of remnant and other ore
materials is currently in progress. As a result, the new 2014 M&I
Resource of 243,000 ounces, with an average grade of 1.81 g/t, reflects
this transition since 2012.
With more than 30 years of continuous operation, and over 2.2 million
ounces of gold production at Stawell, the Company believes that there is
still strong potential for finding additional underground mineral
resources. During 2014, a targeted drill program at Stawell was
implemented and focused on the middle to upper portion of the strongly
mineralized Magdala system. Drill results identified areas for potential
resource growth and provided upside for potential extension of the life
of Stawell's underground operations. Current and extensive historical
mining of the upper levels in the mine will allow target areas to be
readily accessed in the future.
Mineral Resources(i)
----------------------------------------------------------------------------
Gold Ounces (000's) Gold Grade
----------------------------------------------------------------------------
December 31,
2014 2014 2013 % Change 2014 2013 % Change
----------------------------------------------------------------------------
Fosterville 2,150 2,069 3.9% 4.18 3.87 8.1%
----------------------------------------------------------------------------
Cosmo 539 500 7.8% 3.35 3.43 -2.3%
----------------------------------------------------------------------------
Stawell 243 399 -39.1% 1.81 2.64 -31.4%
----------------------------------------------------------------------------
Burnside 335 335 - 1.38 1.38 -
----------------------------------------------------------------------------
Union Reefs 236 236 - 2.43 2.43 -
----------------------------------------------------------------------------
Pine Creek 379 379 - 1.41 1.41 -
----------------------------------------------------------------------------
Maud Creek 871 871 - 3.50 3.50 -
----------------------------------------------------------------------------
Total M&I 4,753 4,789 -0.8% 2.82 2.81 0.4%
----------------------------------------------------------------------------
(i)Mineral Resources include Measured and Indicated Mineral Resources.
Detailed Mineral Resource tables follow at the end of this press release.
-- Inferred Resources Impacted by Strategic Investment in Increased Mineral
Reserves: Inferred Resource ounces declined at all three sites as a
result of exploration investment focused on strategic conversion of
existing M&I Resources over the growth of new resources given the
challenging price environment. Additionally, the Company completed the
sale of two non-producing assets which contained Inferred Resources in
2013.
Inferred Resources(i)
----------------------------------------------------------------------------
Gold Ounces (000's) Gold Grade
----------------------------------------------------------------------------
December 31,
2014 2014 2013 % Change 2014 2013 % Change
----------------------------------------------------------------------------
Fosterville 699 777 -10.0% 3.72 3.78 -1.6%
----------------------------------------------------------------------------
Cosmo 84 109 -22.9% 2.72 2.94 -7.5%
----------------------------------------------------------------------------
Stawell 77 145 -46.9% 3.08 4.72 -34.6%
----------------------------------------------------------------------------
Burnside 323 602 -46.4% 1.47 1.58 -7.0%
----------------------------------------------------------------------------
Union Reefs 305 305 - 2.23 2.23 -
----------------------------------------------------------------------------
Pine Creek 191 191 - 2.34 2.34 -
----------------------------------------------------------------------------
Maud Creek 344 344 - 2.55 2.55 -
----------------------------------------------------------------------------
Total Inferred 2,024 2,473 -18.2% 2.48 2.46 0.8%
----------------------------------------------------------------------------
(i)Detailed Inferred Resource table follows at the end of this press
release.
----------------------------------------------------------------------------
Mineral Reserves
----------------------------------------------------------------------------
Gold Grade
Deposit Category Tonnes (T) (g/t) Oz Gold (Oz)
----------------------------------------------------------------------------
Fosterville UG a Proven 137,000 5.50 24,000
------------------------------------------------------------
Probable 880,000 5.56 157,000
------------------------------------------------------------
------------------------------------------------------------
Sub-Total 1,017,000 5.55 182,000
----------------------------------------------------------------------------
Fosterville
Residue b Proven 441,000 8.89 126,000
----------------------------------------------------------------------------
Cosmo UG c Proven 301,000 3.66 35,000
------------------------------------------------------------
Probable 994,000 3.54 113,000
------------------------------------------------------------
------------------------------------------------------------
Sub-Total 1,295,000 3.57 148,000
----------------------------------------------------------------------------
Stawell UG d Proven 68,000 3.69 8,000
------------------------------------------------------------
Probable 759,000 3.05 28,000
------------------------------------------------------------
------------------------------------------------------------
Sub-Total 827,000 2.80 36,000
----------------------------------------------------------------------------
Big Hill OP e Probable 2,900,000 1.54 145,000
----------------------------------------------------------------------------
Burnside OP f Probable 154,000 1.93 10,000
----------------------------------------------------------------------------
Union Reefs UG g Probable 298,000 4.40 42,000
----------------------------------------------------------------------------
Pine Creek OP h Probable 1,251,000 1.55 62,000
----------------------------------------------------------------------------
Maud Creek UG i Probable 1,055,000 5.40 184,000
----------------------------------------------------------------------------
Sub-Total Proved 947,000 6.34 193,000
----------------------------------------------------------------------------
Sub-Total Probable 8,291,000 2.78 741,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total Reserves 9,238,000 3.15 935,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Mineral Resources have been rounded to 1,000 tonnes, 0.01
All g/t Au and 1,000 ounces. Minor discrepancies in summation
may occur due to rounding.
Mineral Reserves have demonstrated economic viability.
Processing Recoveries range between 88% and 93%, excluding
Fosterville residue which expects recoveries of 25% (see
reports for details).
Mining Recoveries range from 85% and 95% (see reports for
details).
Mining Dilution ranges from 5% to 15% (see reports for
details).
----------------------------------------------------------------------------
a,b,c,d Gold Price of $Au1,425/Oz used.
Mineral Reserves as of December 31, 2014.
----------------------------------------------------------------------------
e Gold Price of $Au1,415/Oz used.
Mineral Reserves as of December 31, 2014.
----------------------------------------------------------------------------
f, g, h, i Gold Price of $Au1,450/Oz used.
Mineral Reserves as of December 31, 2012.
----------------------------------------------------------------------------
The cut-off grades applied ranged from 1.6 g/t to 3.5 g/t Au
a - Fosterville for underground sulphide ore depending upon width, mining
UG method and ground conditions
Source: Report on the Mineral Resources and Mineral Reserves
of the Fosterville Gold Project in the State of Victoria for
Crocodile Gold Corp. dated Dec 31 2014 and prepared by, Troy
Fuller, MAusIMM (CP), Geology Manager for Crocodile Gold,
Simon Hitchman FAusIMM, Exploration Manager for Crocodile
Gold and Ion Hann, FAusIMM, Mining Manager for Crocodile
Gold (the "Fosterville Technical Report").
----------------------------------------------------------------------------
Source: Report on the Mineral Resources and Mineral Reserves
of the Fosterville Gold Project in the State of Victoria for
Crocodile Gold Corp. dated Dec 31 2014 and prepared by,
b - Fosterville Troy Fuller, MAusIMM (CP), Geology Manager for Crocodile
Residue Gold Simon Hitchman FAusIMM, Exploration Manager for
Crocodile Gold and Ion Hann, FAusIMM, Mining Manager for
Crocodile Gold (the - "Fosterville Technical Report").
----------------------------------------------------------------------------
c - Cosmo UG Cut-off grades of 2.4 g/t Au were used.
Source: Report on the Mineral Resources and Mineral Reserves
of the Cosmo Gold Project in the Northern Territory for
Crocodile Gold Corp. dated Dec 31, 2014 and prepared by,
Mark Edwards, MAusIMM (CP) MAIG, General Manager of
Exploration for Crocodile Gold and Murray Smith, MAusIMM
(CP), Principal Mining Consultant for Mining Plus (the -
"Cosmo Technical Report").
----------------------------------------------------------------------------
Cut-off Grade applied was variable for underground depending
d - Stawell UG upon width, mining method and ground conditions.
Source: Report on the Mineral Resources and Mineral Reserves
of the Stawell Gold Project in the State of Victoria for
Crocodile Gold Corp. dated Dec 31, 2014 and prepared by,
Justine Tracey, MAusIMM (CP), Senior Resource Geologist for
Crocodile Gold and Wayne Chapman, MAusIMM (CP), Technical
Services Manager for Crocodile Gold (the - "Stawell
Technical Report").
----------------------------------------------------------------------------
e - Big Hill OP Cut-off grade of 0.4 g/t Au was used.
Source: NI 43-101 Technical Report - Big Hill Enhanced
Development Project at Stawell Gold Mine, Mineral Resources
& Reserves dated June 2014 and effective March 2014 and
prepared by Dean Basile, MAusIMM (CP), Manager Mining for
Mining One and Stuart Hutchin, MAIG, MAusIMM, Geology
Manager for Mining One Pty Ltd (the - "Big Hill Technical
Report").
----------------------------------------------------------------------------
Cut-offs used were 0.93 g/t Au for North Point and 0.95 g/t
f- Burnside Au for Glencoe.
Source: Report on the Mineral Resources and Mineral Reserves
of the Burnside Gold and Base Metal Project in the Northern
Territory for Crocodile Gold Corp. dated July 2013 and
effective Dec 31, 2012 prepared by, Mark Edwards, MAusIMM
(CP), MAIG, General Manager of Exploration for Crocodile
Gold and Dean Basile, MAusIMM (CP), Principal Mining
Engineer for Mining One (the - "Burnside Technical Report").
----------------------------------------------------------------------------
g- Union Reefs Cut-off grade of 2.7 g/t Au was used.
Source: Report on the Mineral Resources and Mineral Reserves
of the Union Reefs Gold Project in the Northern Territory,
Australia for Crocodile Gold Corp. dated June, 2013 and
effective Dec 31, 2012 prepared by, Mark Edwards, MAusIMM
(CP), MAIG, General Manager of Exploration for Crocodile
Gold and Phil Bremner, FAusIMM, Principal Mining Engineer
for Mining One (the - "Union Reefs Technical Report").
----------------------------------------------------------------------------
Cut-offs used were 0.91 g/t Au for Kohinoor, Cox and South
h - Pine Creek Enterprise and 0.93 g/t Au for International.
Source: Report on the Mineral Resources and Mineral Reserves
of the Pine Creek Gold Project in the Northern Territory,
Australia for Crocodile Gold Corp. dated July 2013 and
effective Dec 31, 2012 prepared by, Mark Edwards, MAusIMM
(CP), MAIG, General Manager of Exploration for Crocodile
Gold and Dean Basile, MAusIMM (CP), Principal Mining
Engineer for Mining One (the - "Pine Creek Technical
Report").
----------------------------------------------------------------------------
The cut-off grade for Mineral Reserves was estimated at 4.0
I - Maud Creek g/t Au.
Source: Report on the Mineral Resources and Mineral Reserves
of the Maud Creek Gold Project in the Northern Territory,
Australia for Crocodile Gold Corp. dated July 2013 and
effective Dec 31, 2012 prepared by, Mark Edwards, MAusIMM,
MAIG, General Manager of Exploration for Crocodile Gold and
Phil Bremner, FAusIMM, Principal Mining Engineer for Mining
One (the - "Maud Creek Technical Report").
----------------------------------------------------------------------------
Mineral Resources
----------------------------------------------------------------------------
Measured Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz)
----------------------------------------------------------------------------
Fosterville a 2,722 3.81 334
----------------------------------------------------------------------------
Cosmo b 1,556 3.68 184
----------------------------------------------------------------------------
Stawell UGc 137 4.19 18
----------------------------------------------------------------------------
Total Measured 4,415 3.78 536
----------------------------------------------------------------------------
Indicated Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz)
----------------------------------------------------------------------------
Fosterville 13,902 4.06 1,817
----------------------------------------------------------------------------
Cosmo 3,450 3.20 355
----------------------------------------------------------------------------
Stawell UG 1,068 1.89 65
----------------------------------------------------------------------------
Big Hill d 2,971 1.68 160
----------------------------------------------------------------------------
Burnside e 7,546 1.38 335
----------------------------------------------------------------------------
Union Reefs f 3,021 2.43 236
----------------------------------------------------------------------------
Pine Creek g 8,393 1.41 379
----------------------------------------------------------------------------
Maud Creek h 7,733 3.50 871
----------------------------------------------------------------------------
Total Indicated 48,083 2.73 4,218
----------------------------------------------------------------------------
Total (M&I only) 52,498 2.82 4,754
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Mineral Resources
----------------------------------------------------------------------------
Inferred Tonnes (kt) Gold Grade (g/t) Oz Gold (kOz)
----------------------------------------------------------------------------
Fosterville 5,839 3.72 699
----------------------------------------------------------------------------
Cosmo 961 2.72 84
----------------------------------------------------------------------------
Stawell UG 732 3.19 75
----------------------------------------------------------------------------
Big Hill 46 1.15 2
----------------------------------------------------------------------------
Burnside 6,853 1.47 323
----------------------------------------------------------------------------
Union Reefs 4,263 2.23 305
----------------------------------------------------------------------------
Pine Creek 2,540 2.34 191
----------------------------------------------------------------------------
Maud Creek 4,192 2.55 344
----------------------------------------------------------------------------
Total Inferred 25,426 2.48 2,024
----------------------------------------------------------------------------
----------------------------------------------------------------------------
All Mineral Resources are inclusive of Mineral Reserves.
Mineral Resources have been rounded to 1,000 tonnes, 0.01
g/t Au and 1,000 ounces. Minor discrepancies in summation
may occur due to rounding.
Gold Price of $Au1,450/Oz used.
----------------------------------------------------------------------------
a,b,c Mineral Resources are stated as of December 31, 2014.
----------------------------------------------------------------------------
d,e,f,g Mineral Resources are stated as of December 31, 2012.
----------------------------------------------------------------------------
The lower cut-off grades applied were 0.5 g/t Au for
oxide, 0.8 g/t Au for near-surface sulphide (above
a - Fosterville 5050mRL) and 3.0 g/t Au for underground sulphide (below
5050mRL).
Source: the Fosterville Technical Report.
----------------------------------------------------------------------------
Lower cut-off of 2.0 g/t Au was used to calculate the
b - Cosmo Mineral Resources.
Source: the Cosmo Technical Report.
----------------------------------------------------------------------------
Lower cut-off of 2.0 g/t Au for resources outside Big
c - Stawell UG Hill pit optimization and 2.3 g/t for underground,
Surface Resources using a cut-off of 0.44 g/t Au.
Source: the Stawell Technical Report.
----------------------------------------------------------------------------
d - Big Hill Cut-off grade of 0.4 g/t Au was used.
Source: the Big Hill Technical Report.
----------------------------------------------------------------------------
Lower cut-off of 0.7 g/t Au was used to calculate the
e - Burnside Mineral Resources for Open Pit deposits, lower cut-off of
2.0 g/t used for Underground deposits.
Source: the Burnside Technical Report.
----------------------------------------------------------------------------
Lower cut-off of 0.5 g/t Au was used to calculate the
Mineral Resources for Open Pit deposits, lower cut-off of
f - Union Reefs 2.0 g/t used for Underground deposits excluding
Crosscourse which used a lower cut-off of 1.0 g/t.
Source: the Union Reefs Technical Report.
----------------------------------------------------------------------------
Lower cut-off of 0.5 g/t Au was used to calculate the
g - Pine Creek Mineral Resources.
Source: the Pine Creek Technical Report.
----------------------------------------------------------------------------
Lower cut-off of 1.0 g/t Au was used to calculate the
H - Maud Creek Mineral Resources.
Source: the Maud Creek Technical Report.
----------------------------------------------------------------------------
About Crocodile Gold
Crocodile Gold is a Canadian-listed gold mining and exploration company with three operating mines in Australia. The objective of Crocodile Gold is to continue to focus on the safe and profitable operating performance from its three operating mines, Fosterville and Stawell Gold Mines in the state of Victoria and Cosmo Gold Mine in the Northern Territory. Our primary goal of sustainable operating performance is achieved through building confidence in our mine plans, continuing with prudent cost management controls, and targeted exploration and resource development. Sustainable operating performance from our current assets is a critical step in supporting the future growth toward the Five Year Strategy of Crocodile Gold.
For additional information, please visit our website www.crocgold.com or follow us on Twitter @crocgold_crk or on Facebook at CrocodileGoldCorp.
Qualified Person
Mark Edwards, MAusIMM (CP), MAIG, General Manager Exploration and Business Development for Crocodile Gold, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.
Forward Looking Information
Certain information set forth in this press release contains "forward-looking statements", and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company's expectations for future performance based on current drill results and past production, expected gold prices, and mineral resource estimates, and are based on Crocodile Gold's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Crocodile Gold's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: liabilities inherent in mine development and production; geological, mining and processing technical problems; Crocodile Gold's inability to obtain required mine licences, mine permits and regulatory approvals required in connection with mining and mineral processing operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in commodity prices and exchange rates; currency and interest rate fluctuations; various events that could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions; the demand for and availability of rail, port and other transportation services; the ability to secure adequate financing and management's ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Crocodile Gold undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Contacts: Laura Lepore Director, Investor Relations Crocodile Gold Corp. Tel: 416-847-1847 [email protected]
Source: Crocodile Gold Corp.
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