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Brush Creek Announces Gold Production, Joint-Venture Interest High.


GRASS VALLEY, Calif.--(BUSINESS WIRE)--July 21, 1997--Brush Creek Mining and Development Company, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 BCMD BCMD Blood Cells, Molecules, and Diseases (journal)
BCMD Biological and Chemical Munitions Disposal
) Brush Creek Brush Creek may refer to:

In California:
  • Brush Creek (Sonoma County)
In Iowa:
  • Brush Creek (White Breast Creek), a stream in the Des Moines River catchment
In Minnesota:
  • Brush Creek Township, Minnesota
In Missouri:
 Mining and Development Company, Inc. today announced that production has begun from its lower Brush Creek mine site. The immediate target is approximately 9,000 tons of remnant pillars. The historical grade of the pay chutes in the Brush Creek Mine is one ounce per ton/gold. The Company has also commenced a program of sampling 50,000 tons of ore blocks in the lower Brush Creek mine, which have been estimated to grade .5 ounces per ton/gold. All the ore is above the Fred Cassidy level of the Brush Creek and is accessible immediately. The Company intends to pour its first gold from current production this week. James S. Chapin, 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.  and Chairman, stated, "I visited the first pillar stope stope  
n.
An excavation in the form of steps made by the mining of ore from steeply inclined or vertical veins.

tr.v. stoped, stop·ing, stopes
To remove (ore) from or mine by means of a stope.
 last Thursday and saw high-grade gold in the quartz vein and ore pile. I also went to the mill site and examined our gold concentrates. Our goal is to mine and mill fifty tons per day by September 15, 1997."

In other news, the Company reported that a number of major diamond producers have expressed an interest in our LaPorte, California properties and have signed Confidentiality Agreements with the Company. Several have visited the property and have begun to process multi-hundred pound samples that they have taken.

Despite the recent drop in the gold price, which, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 expert analysts is the result of funds having shorted as much as 2,000 tons of gold (65,000,000 ounces), much of it in the last month, interest in our gold properties is high. We are in preliminary discussions with several companies interested in joint-venturing our lode and/or placer gold.

CONTACT: Brush Creek Mining and Development Co., Inc.

Jim Chapin, 916/477-5961
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 21, 1997
Words:302
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