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Monday, 4th April 2005 (4056 views)

Canadian miner Kinbauri Gold has obtained approval for an agreement with Rio Narcea Gold Mines to earn an interest in a Spanish gold mine.<br/><br/>The firm will hold a 65 per cent interest in the Corcoesto Property in north-west Spain through the deal.<br/><br/>Kinbauri will need to spend €4,000,000 over five years and €300,000 during the first year.<br/><br/>A drill programme is planned in late April, early May, that will look at expanding resources to 200 metres plus depth along high-grade zones.<br/><br/>In addition, some reconnaissance and in-fill drilling will be completed on other areas that are thought to contain gold.<br/><br/>Kinbauri is a junior exploration company, based in Ontario and has completed exploration focused on properties in New Brunswick, Ontario and Burkina Faso, West Africa.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8192749"/>

 

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