Thursday, 14th October 2004 (2457 views)

International Taurus Resources has announced that a test mining and feasibility study programme it was conducting on its Fenelon project has achieved its key goals.

Test mining has been conducted at the joint venture high-grade gold project and has now been stopped to allow a drilling programme, which will expand the gold resource.

Robert Blakestad, president & CEO, commented: "Our work to date has shown that several critical aspects of the test-mining and feasibility-study program have been confirmed."

Mr Blakestad claims that the current resource will be able to be developed very quickly following a positive feasibility study and could see first year production of 40,000 ounces of gold or more.

Taurus is a Canadian exploration and mineral development company with significant gold projects in Quebec, Ontario and British Columbia.

The Fenelon project is based in the Casa Berardi area of northwestern Quebec.

 

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