JAS,
WILLIAM RESOURCES INC. OBTAINS PERMIT FOR REFINING
PLANT AT BJORKDAL
1998-04-02
TORONTO, ONTARIO
William Resources Inc. ("William") is pleased to announce that Sweden's
Licensing Board for Environmental Protection has approved the Company's
application to upgrade the gold concentrates at its Bjorkdal mine to dore
bars.
The refining plant, being the first of its kind in Sweden, will upgrade the
low and medium grade gold concentrates presently produced to dore bars,
containing approximately 30 percent of the Bjorkdal mine's gold production.
The high grade concentrate, containing 70 percent of the gold, will continue
to be shipped to an outside refinery. This will result in an overall
reduction in the mine's cash operating cost of approximately 10 percent and
further enhance the competitive production cost of William's Swedish mine.
The refining plant, which is estimated to cost approximately US$2.3 million,
is scheduled to commence production seven months after start of construction.
William is a gold mining company listed on The Toronto Stock Exchange (symbol
TSE: WIM). Its wholly-owned gold mines include Bjorkdal in Sweden, Jacobina
in Brazil and Pahtavaara in Finland. Bjorkdal is Europe's largest gold mine.
William also provides engineering and contracting services to the
international mining industry through the BLM Service Group.
Contact: Stan Bharti, President or
George Faught, Senior Vice President, Finance
Tel: (416) 861-9500
Fax: (416) 861-8165
WILLIAM RESOURCES INC.
390 Bay Street, Suite 2008
Toronto, Ontario M5H 2Y2
Internet Address williamres.com
E-mail Address: info@williamres.com |
