Anglo Minerals Acquires Option to Purchase Carlin Trend Land.CALGARY, Alberta--(BUSINESS WIRE)--May 22, 1996--ANGLO MINERALS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability .(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :ALM) Mr. Todd Montgomery, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Anglo Minerals Ltd., is pleased to announce the successful acquisition of an option to purchase 42,000 acres of patented land in Northern Nevada. The land under option for Anglo's "Long Rider Project" lies in and near the major gold trends and producing mines in Nevada. These areas include, the Carlin car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] trend, the Battle Mountain trend, and the Getchell trend. The majority of the land in the Long Rider Project lies within the Getchell trend where approximately 35,000 acres is adjacent to Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. Pacific Gold Corp.'s, Twin Creek's Mine. Twin Creeks mine produced 510,000 oz of gold in 1994. The reserves are estimated to be 148,062,000 tons averaging 0.068 opt gold for a total of 10,013,000 ounces of gold. The Long Rider Project also has 6,756 acres under option near Franco Nevada's Midas joint venture project where they have defined a reserve of 1.5 million ounces of gold and 10 million ounces of silver. Management is extremely excited about this significant acquisition in light of the fact that most of this favorable ground has never been subjected to any means of exploration. This is due to the fact that historically, the property was a privately owned family operated ranch. Anglo's Reno-based consultant believes the area is highly prospective for the discovery of gold deposits of the Carlin or Hot Springs type. The attached property map shows the location of the Long Rider Project relative to operating and past mines in Northern Nevada including Pinson, Getchell, Twin Creeks, Divide, Falcon, Lone Tree Lone Tree can refer to:
Financing is being sought for a US$15 million placement. The majority of the proceeds from the placement will be used to aggressively explore and develop the properties. -0- NOTE TO EDITORS: NOTE: Location map available from the Company at the phone number listed above. CONTACT: Anglo Minerals Ltd. Todd Montgomery, Calgary, AB 403/262-3580 403/262-2229 (Fax) or Vancouver, BC (604) 684-6136 or Moose Jaw, Saskatchewan Moose Jaw is a city in south-central Saskatchewan, Canada on the Moose Jaw River 71 km (45 miles) west of Regina. Residents of Moose Jaw are known as Moose Javians. 306/693-7577 306/693-7299 (Fax) |
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