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Global Mineral Investments - Africa

January 16th, 2012
Dredging Resumed






Global Mineral Investments, LLC (GMI) has resumed its Liberian gold mining operations with dredging having now been restarted at GMI's Dugbe River site. Kiwi Inc., GMI's African based joint venture partner and on-site manager of GMI's dredging operation, reported that after approximately 6 weeks of preparatory work, full dredging operations began on January 15, 2012. "We are obviously pleased that gold dredging operations have resumed at our river sites," stated GMI's President, Jon O'Regan. "With a new, experienced management team and work crew in place, we are hopeful that we will see a higher level of recovery this operational season," continued O'Regan.

Kiwi Inc. further reported that the Tawana Resources NL transaction was progressing smoothly and that the results from Tawana's field and soil testing program conducted to date had encouraged Tawana to consider going to the next stage of exploration of GMI's concessions and concluding a final contract with GMI/Kiwi Inc. in accordance with terms announced in Venga and Tawana's respective press releases of August 16, 2011.