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Thursday, 11th November 2004 (3760 views)

Gammon Lake Resources has announced the completion of its bankable feasability study today on its wholly owned Ocampo Gold-Silver project in Mexico.<BR/><BR/>The firm has now completed phase one development and hopes to begin mine production in the first quarter of 2006.<BR/><BR/>An open-pit and underground mining operation took place in the first phase and was based on detailed mine planning.<BR/><BR/>Studies have revealed proven and probable mineral reserves in the area, with defined reserves identified for the first seven years of the mine life.<BR/><BR/>It is hoped that production output from the first year of mining should reach more than 300,000 ounces gold-equivalent.<BR/><BR/>Gammon Lake is a Nova Scotia based mineral exploration company with properties in Mexico.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7037548"/>

 

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