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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: E. Charters	7/21/2006 7:41:59 AM
	of 78419

San Antonio Mine. 3rd attempted restart? sangoldcorp.com he mine (historically known as the San Antonio mine) operated continuously from 1932 to 1968 and produced 1.36 million ounces of gold from 4,876,000 tons. Limited underground exploration and development took place until 1996 when Rea Gold began an extensive construction and development program with the intent of operating at 1,000 tons per day. In addition to the above-mentioned infrastructure, Rea Gold deepened "A" shaft to 4,200 feet, eliminating the need for two out of three internal winzes. "A" shaft is now directly linked with "D" winze, where Harmony Canada's production originated and the bulk of the remaining resources lie. Rea Gold declared bankruptcy in 1997 before production began, and Harmony Canada acquired the property in 1998. Harmony Canada completed construction and produced 110,000 ounces before placing the property on care and maintenance in 2001, due to the gold price and the mine's declining significance in the wake of Harmony's remarkable growth. Total capital expenditures to date since 1994 are over $120-million.

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