William Resources - WIM-TSE Message Board

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Gold/Mining/Energy : William Resources - WIM-TSE

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To: marcos who wrote (1110)	9/2/1998 1:37:00 PM
From: Brad Humphrey	Read Replies (1) of 1326

Here is the latest press release. This is not good news. Jacobina's cost depend on how much goes through the mill. 4 to 5 weeks at 1/3 capacity??? Thanks, BRAD. _________________________________________________ NEWS RELEASE WILLIAM RESOURCES INC. 390 Bay Street, Suite 2008 Toronto, Ontario M5H 2Y2 September 2, 1998 Internet Address williamres.com E-mail Address: info@williamres.com Trading Symbol TSE - WIM GRINDING MILL DAMAGED AT JACOBINA GOLD MINE The larger of 2 semi-autogenous grinding mills at the Jacobina mines in Brazil has been shut down due to structural damage. Unexpected serious wear to the outer shell was observed on Sunday, August 30th, and the mill was immediately taken out of service. Without the availability of the larger mill, the monthly milling capacity will decrease by two thirds to about 30,000 tons. A full investigation of the extent of the damage is underway. Preliminary estimates are that the mill may be out of service for up to 4 - 5 weeks. William is a gold mining company listed on The Toronto Stock Exchange (symbol TSE: WIM). Its wholly-owned gold mines include Bj”rkdal in Sweden, Jacobina in Brazil and Pahtavaara in Finland. Bj”rkdal 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, Chairman & CEO George Faught, Executive Vice President & CFO Tel: (416) 861-9500 Fax: (416) 861-8165 -30-

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