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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO) -- Ignore unavailable to you. Want to Upgrade?


To: Ron Everest who wrote (585)3/16/1999 8:27:00 PM
From: Ron Everest  Read Replies (1) | Respond to of 588
 
Goldminco completes New Guinea camp sites

Goldminco Consolidated Mining Corp GMC
Shares issued 6,842,896 Mar 11 close $0.16
Tue 16 Mar 99 News Release
Mr. Peter Tambanis reports
Goldminco has completed the establishment of camp sites and helicopter
landings on its New Guinea project. An eight person geological team headed
by Peter Tambanis will begin resampling the areas from which the high grade
gold and copper samples reported by the property vendors were apparently
obtained. Providing the sampling confirms these earlier results, Goldminco
intends to immediately begin high definition aeromagnetic surveys to
delineate drilling targets. In this regard, results of the sampling program
are expected toward mid-April 1999.
For security reasons, Goldminco confirms all exploration results on its
projects obtained or provided by third parties, supervises with its own
personnel all sampling programs on its properties, and conducts its
exploration programs with a view to enabling independent verification of
its sampling results. Interested parties can arrange property visits by
contacting Peter Tambanis at Goldminco's Australian office.
Refurbishment work on Goldminco's Alice River mill is nearing completion.
Goldminco has retained the services of Como Engineers Gold and Mineral
Process Engineers of Perth, Australia, to finalize the final stage of
refurbishment and to install and commission the mill at Alice River.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com