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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: goldsheet who wrote (90748)10/26/2002 1:46:15 PM
From: goldsheet  Read Replies (1) | Respond to of 116871
 
Stronger gold prices and a weak rand are making RSA miners look are their resources.
In addition to the Durban Deep 111moz project, AVGOLD is looking at a 70Moz resource;

"Avgold, the South African mid-tier gold producer, is to study the feasibility of the construction of a new mine in the Northern Free State to tap into a resource of more than 70 million ounces. The plans to tackle three gold-bearing fan structures to the north of its existing Target mine in a single development rather than the previously suggested piece-meal approach, were unveiled today by management. "

FULL: m1.mny.co.za