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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: goldsheet who wrote (73913)	7/25/2001 9:10:00 AM
From: long-gone	Read Replies (1) of 116764

The Seattle Times \| AP Wednesday July 25 08:20 AM EDT Plans for open-pit gold mine ditched By Plans for open-pit gold mine ditched By Eric Pryne Seattle Times staff reporterAfter investing 11 years and $60 million, a Texas mining company has abandoned plans to blast a huge open-pit gold mine into a remote mountaintop in Okanogan County. Battle Mountain Gold of Houston, which led a joint venture to develop the proposed Crown Jewel mine on Buckhorn Mountain near Chesaw, confirmed yesterday that it has pulled out of the project, retaining only the right to a royalty on any gold the property might one day produce. Crown Resources, a small Denver gold-exploration company and the venture's remaining partner, said it will seek permits for a smaller, largely underground mine it said would be much less environmentally disruptive. dailynews.yahoo.com

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