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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Ceedee who wrote (2170)	11/22/2005 7:21:03 AM
From: rnsmth	Respond to of 78407

Good projects going on in Mexico I like Gammon Lake Resources and the Ocampo project, which is due to start production in first half 2006. From their website. On Track to Become the Next Mid-Tier Producer Gammon Lake Resources has a 100% interest in Ocampo Gold-Silver Project located in Chihuahua, Mexico. The Company has been actively exploring the Ocampo Mining District since 1999, greatly advancing the Project toward gold-silver production, anticipated to commence within the first quarter of 2006. A positive feasibility study was completed in November 2004 for phase one development of the Ocampo Project, demonstrating extremely robust economic potential. Annual production is expected to average 270,000 ounces gold-equivalent (170,000 oz. gold and 6-million oz. silver) over the first seven years of mining, at a cash cost of US $151.74 per gold-equivalent ounce. Production from the first year of operation is anticipated to exceed 300,000 gold-equivalent ounces. At a US $400 gold price and US $6.50 silver price, the Internal Rate of Return (IRR) for the Project is 65%. gammonlake.com Rsources and Reserves here: gammonlake.com