Gold & Gold Stock Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 398.26

+0.5%

Jan 2 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Andrew who started this subject	11/18/2003 8:49:16 PM
From: bigbuk	of 29622

Int'l Taurus completes Fenelon mine portal International Taurus Resources Inc (2) ITS Shares issued 61,394,115 Nov 17 close $0.22 Tue 18 Nov 2003 News Release Also (MAJ) Mr. Robert Blakestad of International Taurus reports FENELON MINE CONSTRUCTION ADVANCES RAPIDLY; GEOPHYSICAL SURVEYING FOR DIAMONDS IN PROGRESS International Taurus Resources, operator of the Fenelon joint venture in northwestern Quebec, has completed the new mine portal. The decline ramp has penetrated 30 metres underground. From this point, work will focus on driving the main ramp, which will provide access to the underground areas targeted for test mining and for proving up already identified high-grade resources. According to the current schedule, the first mineralization can be extracted approximately four months after the start of the ramp. The JV is planning to process mined ore to Richmont Mines' Camflo mill near Val-d'Or, Que. All necessary permits have been secured and the JV will apply for a full mining licence once the feasibility study and mining test are under way. As the new mine project progresses, additional drilling will be conducted to add minable reserves to the resources already identified. As cash flow is realized, the JV will continue to explore and develop the property's additional highly promising prospects. International Taurus president Robert Blakestad comments from the mine site: "It's extremely gratifying to be on hand and part of the new Fenelon mine development. Work progresses rapidly without significant problems. One area of strong mineralization is exposed at the decline entrance and two new zones of mineralized rock have been cut by the workings. We continue to be impressed with the character and extent of this high-grade gold deposit, which support our belief that the project will be developed into the next profitable new mining venture in northwestern Quebec." In other news, Mr. Blakestad reports that Majescor Resources is conducting detailed ground geophysical surveys on the Fenelon property. Over a dozen potential diamond targets are being tested preparatory to drilling selected anomalies. Results will be provided as they become available. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next