Company Announcement: Cleveland receives coveted small cap developer award
Cleveland Mining Company Limited has received an award for the best small cap development at the Government Business Foreign Affairs and Trade 4th Annual Mining Awards in Sydney. The Company is focused on expanding the gold resource base and ramping up production at its flagship Premier Gold Mine in Brazil. Commenting on the award, Cleveland's Managing Director David Mendelawitz said it was a pleasure for Cleveland to be recognised for its efforts in Brazil after achieving commercial production in November 2012. "There is much to look forward to in 2013 as we continue to grow the Company through the next phase of development," he said. "We have assembled a solid team of experienced industry professionals which is dedicated to building a profitable and long-lasting mining house." The award follows a successful $7 million capital raising earlier this month to sophisticated and institutional investors in Australia and overseas. The funds are being used to accelerate exploration at Premier and at the Mara Rosa Gold Project, both in central Brazil. Drilling at Premier is underway at a large gold‐in‐soil anomaly located 1km south of the Premier mine and approximately 800m along geological trend from the five‐million‐ounce Serra Grande Gold Mine.
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