Can we tell where TWG's focus is and it certainly doesn't give many indications of being on JI?
Twin Mining Acquires 100% Interest in Atlanta Gold Project
TORONTO, Jan. 9 /CNW/ - Twin Mining Corporation (TWG-TSX) is very pleased
to announce that it has acquired Canadian American Mining Company, LLC's ("Can
Am") 20% participating interest in the Atlanta Gold Project, located in Elmore
County, Idaho, U.S.A.
As a result of the agreement, Twin Mining now holds a 100% operating
interest in the Atlanta Gold Project. Can Am retains a 2% Net Smelter Return
royalty.
Twin Mining is expecting the gold and silver assays for the core samples
from the metallurgical drilling program, completed in early December 2002,
shortly.
A scoping study prepared in 1998, and updated in 1999, which was based on
gold recovery grades obtained in an earlier metallurgical test series,
concluded that from a measured mineral resource of more than one million
ounces, gold could be produced at an estimated site cash cost of US$ 160 per
ounce (see press release November 14, 2000).
Twin Mining, in addition to the gold mining project in Idaho, United
States of America is exploring the Jackson Inlet diamond project on Baffin
Island and the TORNGAT diamond project on the east side of Ungava Bay in
northern Quebec.<i/>
Regards
Vaughn |
