SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : WESTERN PACIFIC GOLD - Solomon Islands Gold?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Leather who wrote (19)12/6/1996 11:28:00 AM
From: John Leather   of 88
 
News Release for WESTERN PACIFIC MINING EXPLORATION INC

FOR: WESTERN PACIFIC MINING EXPLORATION INC.

ME SYMBOL: WPC

DECEMBER 6, 1996

Western Pacific Mining Exploration Inc.: Completion of
Private Placement

QUEBEC, QUEBEC--Western Pacific Mining Exploration Inc. management
wishes to announce the completion of a private placement in the
amount of $6,490,000.00CDN for which the Company issued 3,245,000
units. Each unit is comprised of one common share at a price of
$2.00 and one share purchase warrant which entitles the holder to
purchase an additional share at a price of $2.50 for a period of
12 months.

The Company now has over $10,000,000 in cash available to begin
the exploration program in the Solomon Islands. Watts Griffis
McOuat, the Company`s consulting geologists has established a
complete budget which includes all 11 properties in the Solomon
Islands. Phase 1 of the exploration work, sampling and drilling,
will commence on Fauro Island which is just south of Bougainville
Island and is of close proximity to the Lihir deposit . According
to the WGM report: "Fauro Island has a large collapsed caldera.
Within this volcanic structure there are highly permeable rocks
such the Koria sandstone and the Togha pyroclastic. These units
and the fractured or faulted areas within them are highly
favorable to host epithermal gold deposits. Previous work by BHP
defined three highly favorable areas that contain strongly
anomalous gold values in bedrock, soil and stream sediments. This
property requires detailed surface exploration to define diamond
drill targets."

Mr. Diotte, the president of Western Pacific is currently in the
Solomon Islands finalizing the Land Access Agreements required to
proceed with the field work.

FOR FURTHER INFORMATION PLEASE CONTACT:

Western Pacific Mining Exploration Inc.
Mr. Richard Diotte
President
(418) 527-3362
(418) 527-3870 (FAX)
(514) 286-0909 (Montreal)
INTERNET: infodine.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News