Thursday, 17th March 2005 (2876 views)

American Bonanza Gold Mining Corporation has announced successes at its Copperstone underground drilling project in Arizona.

The programme is converting known historic inferred resources into measured resources and mine planning, and is now 80 per cent complete.

A total of 61 holes have been drilled, with a combined length of 5,780 metres.

Another 15 holes are planned, which will provide another 1,350 metres, and six drilling rigs are currently active.

The programme's buget is approximately $1 million.

The Corporation and International Taurus Resources hve signed a definitive agreement to merge companies with Fairstar Explorations, to consolidate ownership of the Fenelon Gold Project in Quebec.

Shareholders in the companies will vote on the agreement at individual meetings on 24th March.

 

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