Here's a little news:
BATTLEFIELD MINERALS CORP ("BFM-V") PLACER DOME INC ("PDG-TMBHDNPQX") - Woodlark Island
Gold Project Agreement
Paul London, President of Battlefield Minerals Corporation (BFM.V) is pleased to announce that Battlefield's 25%
owned-affiliate Woodlark Mining Limited has entered into a Heads of Agreement with Misima Mines Limited, a subsidiaiy of
Placer Dome Inc. (PDG.T), for the exploration and development of the Woodlark Island gold project in Papua New Guinea.
The 350 sq km Woodlark Island gold project is located 300km east of the PNG mainland, and 150km north of Placer's
Misima Island gold mine. Previous exploration at Woodlark, including aeromagnetics, detailed regional geochemistry, reverse
circulation and diamond drilling and metallurgical testwork, has defined numerous epithermal gold targets with potential for large
porphyry copper-gold systems.
Drilling to date of shallow typical epithermal base metal carbonate systems in three of these target areas has defined 6.78 million
tonnes of open pit mineralisation measured and indicated grading 1.73g/t gold (377,427 ounces). Within this resource Battlefield
has identified several high-grade zones, including 530,000 tonnes grading 4.9g/t Au at Murua and 810,000 tonnes grading
5.0g/t at Kulumadau.
Investigations and discussions towards reaching agreement with Placer have shown that it may be viable to ship ore from the
present measured resource at Woodlark to Placer's plant on Misima Island for processing. In addition, Placer has the strategic
and financial resources to further investigate the numerous targets identified in previous exploration at Woodlark.
Under the agreement with Placer, Woodlark Mining Limited will receive a NSR royalty of 4.5% on the first 200,000 ounces of
gold or gold equivalent produced from the project area, and a NSR royalty of 3.5% on any gold or any other product mined
thereafter. TEL: (416) 955 9535
Chuck Forrcst, VP Corporate Development
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