-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IGjcYcN7DfjFy2wgsP/+cSmofABb9BSqgWgNxgoIOssHm69xqsBr06BGvVFrawou 536TX42bIK48pISNQkvdWg== 0001279569-07-000130.txt : 20070205 0001279569-07-000130.hdr.sgml : 20070205 20070205161729 ACCESSION NUMBER: 0001279569-07-000130 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070205 FILED AS OF DATE: 20070205 DATE AS OF CHANGE: 20070205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GOLDBELT RESOURCES LTD CENTRAL INDEX KEY: 0001013785 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28296 FILM NUMBER: 07580569 BUSINESS ADDRESS: STREET 1: STERLING TOWER STREET 2: 372 BAY STEET, SUITE 1201 CITY: TORONTO STATE: A6 ZIP: M5H 2W9 BUSINESS PHONE: 416-364-0557 MAIL ADDRESS: STREET 1: STERLING TOWER STREET 2: 372 BAY STEET, SUITE 1201 CITY: TORONTO STATE: A6 ZIP: M5H 2W9 6-K 1 goldbelt6k.htm FORM 6-K Form 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

Form 6-K
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
 
For the month of: February, 2007
Commission File Number: 000-28296
 
GOLDBELT RESOURCES LTD.
(Name of Registrant)
 
Sterling Tower
372 Bay Street, Suite 1201
Toronto, Ontario
Canada M5H 2W9
(Address of Principal Executive Offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
 
Form 20-F x
Form 40-F o
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___
 
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o
No x
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
  GOLDBELT RESOURCES LTD.
     
   
 By: /s/ Hemdat Sawh
   
Name: Hemdat Sawh
 Date: February 5, 2007  
Title: Chief Financial Officer
 

EXHIBIT INDEX
 
Exhibit
  
Description of Exhibit
     
99.1
  
News Release dated February 5, 2007 - Goldbelt announces cost savings at Inata Gold Project
EX-99.1 2 ex991.htm NEWS RELEASE DATED FEBRUARY 5, 2007 News Release dated February 5, 2007
 
Exhibit 99.1
 

News release via Canada NewsWire, Toronto 416-863-9350

    Attention Business Editors:
    Goldbelt announces cost savings at Inata Gold Project

    TORONTO, Feb. 5 /CNW/ - Goldbelt Resources Ltd. (TSXV: GLD) is pleased to
announce that it has bought the Brocks Creek Plant. All terms of the purchase
of the processing plant for the Inata Gold Project in Burkina Faso, West
Africa were completed in December, 2006 and the process of determining the
costs and timetables to refurbish the plant to bring the equipment to "as new"
condition has been completed. Preparations for the subsequent dismantling,
relocation and refurbishment have now begun.
    All equipment on site at the plant has recently been subject to extensive
review by GBM Metals Engineering Consultants, who have outlined a dismantling
program scheduled to begin in late April/May 2007, to coincide with the end of
the wet season. The engineers' scope of work was to determine the work needed
and costs associated with the refurbishment required to the plant. Preliminary
reports indicate that the equipment is in better condition than originally
anticipated, resulting in a reduction in both cost and time required to
complete the refurbishment. In line with the final recommendations from the
engineers, it is now being determined which auxiliary parts of the structure
will be re-used, and which will be sold.
    Ongoing work at Belahouro includes a recent re-design of the dam
structure which will be providing process water to the mill. Initial results
indicate that the dam's wall can be reduced in length from 4.5km to
approximately 2.5km with associated cost savings. Geotechnical reviews of the
plant site, camp and access road are in progress.
    Goldbelt is expecting an updated reserve/resource evaluation on the Inata
Gold Project to be completed in March, which will incorporate the +35,000m of
drilling undertaken in 2006.

    GOLDBELT RESOURCES LTD.

    Per: "Collin Ellison"
    Collin Ellison, President and CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release. No
    stock exchange, securities commission or other regulatory authority has
    approved or disapproved the information contained herein. Certain
    statements contained in this disclosure document constitute
    forward-looking statements which are not historical facts and are made
    pursuant to the "safe harbor" provisions under the United States Private
    Securities Litigation Reform Act of 1995. When used in this document,
    words like "anticipate", "believe", "estimate" and "expect" and similar
    expressions are intended to identify forward-looking statements.

    Forward-looking statements are based on the beliefs, estimates and
    opinions of the Company's management or its independent professional
    consultants on the date the statements are made. The reader is cautioned
    that actual results, performance or achievements may be materially
    different from those implied or expressed in such statements.

    %SEDAR: 00004199E          %CIK: 0001013785

    /For further information: please visit the Company's website
www.goldbeltresources.com or contact Laura Sandilands, Investor Relations or
Collin Ellison, President and CEO at (416) 364-0557 or by email
lsandilands(at)goldbeltresources.com./
    (GLDRF GLD.)

CO:  Goldbelt Resources Ltd.

CNW 14:54e 05-FEB-07
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