October 31, 2003 08:41
High River Gold Mines Ltd.: Positive Development Decision at Taparko Gold Project
TORONTO, Oct 31, 2003 (BUSINESS WIRE) -- High River Gold Mines Ltd. (TSX:HRG) is pleased to announce that a positive decision has been made, subject to formal board approvals, to commence development of the Taparko gold property in Burkina Faso, West Africa.
The feasibility study evaluated the construction of a mill and infrastructure on High River's Taparko property to process ore from both the Taparko Gold deposit and Axmin's Bouroum Gold deposit located 49 kilometres northwest of the Taparko property.
The combined operation would process one million tonnes per year and produce approximately 680,000 ounces of gold over a 7 1/2 year mine life. Annual production would average 91,000 ounces but would be approximately 100,000 ounces in the first few years.
The feasibility study considered mining from three pits on each property. The following table of mineral reserves has been established for the three pits on the Taparko property:
http://www.newsalert.com/bin/story?S...ls&Type=metals
10-31-2003
High River Gold Mines Ltd.: Positive Development Decision at Taparko Gold Project
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