True Gold to Pour First Gold at Karma in March 2016

True Gold Mining Inc. (TSXV:TGM) announced yesterday that it’s resumed activity at its Burkina Faso-based Karma gold project and anticipates pouring first gold there in March 2016.

Recent developments regarding the restart of activity include:

• A site clean-up and repair program has begun with a ramp-up to full construction set for the end of the month. Specific activities planned in the coming weeks include the remobilizing and commissioning of the mine fleet, ordering of liners and piping, and surveying of ponds and other locations. The local workforce will be re-engaged as construction accelerates.
• True Gold and the Government of Burkina Faso will continue extensive communication and discussion with community leaders through a reconstituted Community Liaison Committee.
• Karma remains fully funded through construction to first gold pour, which is expected in March 2016. True Gold has $31 million in cash, and up to $62 million under our finance facility with approximately $70 million of project cost remaining. The Company continues to have full support from its partners, Franco-Nevada and Sandstorm Gold.

Christian Milau, president and CEO of True Gold, commented:

We are pleased to be returning to work at Karma with the support of the Government of Burkina Faso and leaders in the local community. We have said from the beginning of this process that it is our intention to work towards a long-term solution that builds trust with stakeholders in the community and reduces the risk of similar challenges in the future. As we move toward full construction, we remain committed to delivering long-lasting benefits to the local communities and to the country.

We are grateful for the support and commitment that our employees, shareholders and our valued partners in Burkina Faso have provided over the past several months to get us to this important juncture. Karma is now in select company, with only a handful of gold mines coming on stream globally over the next year.

Click here to read the full True Gold Mining Inc. (TSXV:TGM) press release.

True Gold Mining Inc. is where gold comes to life. We are committed to growing a successful gold exploration, development and production company, by focusing on projects with low costs, low technical risks and solid economics. The Company’s board, management and technical teams have proven track records in gold exploration, development, operations and production worldwide.