Asarco Reports Sale of Aquarius Gold Project.NEW YORK--(BUSINESS WIRE)--Nov. 8, 1995--ASARCO Incorporated today reported it has agreed to sell its interests in the Aquarius gold project near Timmins in northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing. Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it , Canada to Echo Bay Mines Ltd. for US$7.75 million in cash. Sale of the project is subject to final documentation and is expected to close before year end. ASARCO ASARCO American Smelting and Refining Company Incorporated, headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is one of the world s leading integrated producers of nonferrous metals, principally copper, lead, zinc and silver. Asarco also produces specialty chemicals and minerals. CONTACT: Jerry Cooper, Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. ASARCO Incorporated, 212-510-1810 |
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