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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (508)	11/22/1999 3:10:00 PM
From: saul mikaliukas	Read Replies (1) \| Respond to of 1321

Breaking NEWS>>>>>WE HAVE A REAL GOLD MINE!!!! Int'l Wayside starts consultation on Cariboo project International Wayside Gold Mines Ltd IWA Shares issued 11,697,978 Nov 19 close $0.19 Mon 22 Nov 99 News Release Mr. J. Frank Callaghan reports Following a five-year exploration and drilling program, the company has now identified sufficient resources to enable an application to the provincial and federal government to develop the Cariboo gold project, near Wells, B.C. The region is a historic gold mining area, dating back to the Cariboo Gold Rush of over a century ago. The regional economy, based on forestry and mining, has suffered declines in recent years. The Cariboo gold project, is a proposed 3,000-ton-per-day open pit and underground gold mining operation, with a projected capital cost of $60-million. The mine will provide approximately 150 direct jobs. No new major infrastructure is required. The application, scheduled for submission in December of this year, will be made under the B.C. Environmental Assessment Act. An important aspect of the legislation is to provide for participation in assessments under the act by the proponents, the public, first nations, municipalities and regional districts, federal and provincial governments and their agencies, and British Columbia's neighbouring jurisdictions. Public open houses are scheduled for Wells, B.C., on Tuesday, Nov. 23, (7 p.m. to 9 p.m. at the community hall); Quesnel on Wednesday, Nov. 24, (6 p.m. to 10 p.m. at the Tower Inn); and Williams Lake on Thursday, Nov. 25, (6 p.m. to 10 p.m. at the Overlander Hotel). The purpose of the open houses is to obtain feedback from the public on the location of the major components (mill and tailings impoundment), and the design of the mine plan. Public response will aid design of the Cariboo gold project to harmonize with the local environment and economy. On submission of the application, the B.C. Environmental Assessment Office will appoint a project committee with members from appropriate provincial and federal agencies. The application is the first step in what is normally a two-stage review. Further open houses and meetings with local stakeholder groups will take place in the coming months. The company is working closely with the local communities in garnering the support and assistance of the public in the development of the Cariboo gold project. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com