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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (872)4/27/2001 11:42:32 AM
From: geo in vancouver  Read Replies (1) | Respond to of 4051
 
Deposit is Sukhoi Log, estimated 43m oz, undeveloped, located in SE Siberia, Irkutsk region, Lake Baikal area. According to recent releases, tenders are expected to be put out shortly. Previous holders, 1997,Lenzoloto paid $50m, made a deal with Star Mining JCI and Standard Bank. Apparently there were irregularities in the privatization of Lenzoloto and the license was revoked.

A new deal between the feds and the Region has been reported and this clears the way for a new tender. reported by Business Day 4/25/01