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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low
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To: Michael Bidder who wrote (182)6/30/1998 1:12:00 AM
From: Dale Schwartzenhauer  Read Replies (1) of 199
 
Here's some news incidental to PGU, posted at the MWR site:

Treminco continues to focus on the Elkhorn project, an advanced development
stage gold project recently optioned from Hospah/Santa Fe Pacific Gold
Company subsidiaries of Newmont Gold Company. Over $17-million (U.S.) has
been spent on the exploration and development of the property by a
succession of related major mining companies including Gold Fields Mining
and Santa Fe Pacific Gold. Drawing from a resource of over 500,000 ounces
of gold at a cut-off of 0.10 oz/ton Au, Treminco plans to develop the
Elkhorn project as a near-surface, high grade, underground mine similar to
Pegasus Gold's nearby profitable Diamond Hill mine.
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