SAIC and Pintail Continue Tests on Fairmile's Buffalo Valley Project
Fairmile Gold Corporation
For Immediate Release
March 15, 2000
CDNX: FLA
SAIC and Pintail Continue Tests on Fairmile's Buffalo Valley Project
Vancouver, BC: Tests are continuing on material from Fairmile Gold Corporation's existing Buffalo Valley heap, with encouraging results to date. The tests are designed to determine if microbes can be utilized to profitably re-leach the heap, producing gold and cleansing the heap further. Pintail Systems, Inc. (Pintail), a private Colorado Corporation, is conducting the work in conjunction with Science Applications International Corporation (SAIC), a Fortune 500 company and the largest employee-owned research and engineering company in the nation (information about SAIC can be obtained from their web site at saic.com). Pintail has achieved significantly enhanced gold recovery during commercial bio-detoxification of spent ore heaps. Their new second-generation biotechnology process exhibits greater extraction efficiencies, and can be applied to virgin ore as well as spent ore.
Tests are also being conducted on virgin mineralized material from the Buffalo Valley open pit in order to compare the new biotechnology process to conventional cyanide leaching.
SAIC, Pintail, and Fairmile plan to continue testing material from Buffalo Valley and to investigate other opportunities where the new process may be applied. Humboldt Mining Services estimates that the heap contains 13,500 troy ounces of gold (see News Release dated October 23, 1997).
In other news, Fairmile's Board of Directors has elected Michael P. Raftery, C.A. to the position of Chief Financial Officer. Mr. Raftery is a Chartered Accountant and since 1971 has been a director and officer of many publicly listed companies in Canada. Mr. Raftery joined Fairmile as a Director in March of 1999.
To obtain more information about Fairmile, visit our Web Site at fairmile.com or contact Investor Relations at 1-604-257-4254.
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., President and CEO
This News Release contains forward-looking statements that are subject to various risks and uncertainties. Such statements contained herein represent management?s best judgment as of this date based on information currently available. Actual results may differ materially from those currently anticipated in these statements.
The Canadian Venture Exchange has neither approved nor disapproved the information contained herein. |
