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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: Syncrude who wrote (317)7/17/1999 11:36:00 PM
From: barry doment   of 406
 
For Saturday, July 17, 1999
Placer Dome cancels Las Cristinas gold
project

Resources redirected

KEITH DAMSELL

By
The Financial Post

Placer Dome Inc. has axed its $575-million
(US) Las Cristinas gold project in Venezuela,
reducing the Vancouver gold giant's financial
burden as it wrestles with expansion plans in
Nevada and South Africa.

Future development of the property, once the
subject of a bitter ownership battle between
Placer and Vancouver junior Crystallex
International Corp., has not been ruled out, Mr.
Leggatt said.
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