- Trans-Siberian Gold reports that mine development activities at Asacha in the third quarter of 2013 comprised about 751 metres, while ore extraction (including ore from stoping and mine development) amounted to 38,647 metric tonnes.

In the same period, 41,941 mt was processed through the Asacha plant, the highest quarterly total to date.

During the third quarter the mine continued to implement the previously reported measures to reduce dilution and improve the grade of ore delivered to the plant.

The results achieved in a test of the new mining methods in July were encouraging, that month's average grade of 7.38 g/t including ore extracted from the test area at more than 16 g/t.

However it is clear that such improved results may not be achievable in some areas where mine development was undertaken in 2012. Mine development for areas to be mined in 2014 is being undertaken in line with the new stoping methods to be used. The Company believes that significantly better grades can be obtained from those newly developed areas.

At 8:54am: [LON:TSG] Trans-Siberian Gold share price was +0.25p at 18.75p

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