CATHEDRAL ACQUIRES INTEREST IN TALLMAN GOLD PROPERTY KABURI DISTRICT, GUYANA.VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 9, 1995-- Cathedral Gold Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CAT) has acquired an option to earn a 90% interest in the Tallman property from Kaburi Development Company (a Guyanese gold mining company). Gold production on the Tallman property is currently being carried out over a 50 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, wide major fault structure (mylonite my·lo·nite n. A fine-grained laminated rock formed by the shifting of rock layers along faults. [Greek mul zone) containing networked quartz veins and coarse visible gold. The 20 man crew on-site is permitted to continue gold production using local methods until such time as Cathedral has vested its interest in the property. A large scale sampling program in the main Tallman Pit and along strike has been commenced by Cathedral. A large scale sampling program will be required to determine average grade across the width of the Tallman pit because of the occurrence of coarse visible gold. Cathedral may exercise its option on the Tallman property by incurring US$2.5 million in exploration and development expenditures over a seven year period, paying Kaburi Development US$80,000 in option payments over four years and granting an option for Kaburi Development to purchase 40,000 shares of Cathedral. In the event that Cathedral makes a commercial production decision, Kaburi Development will be paid US$1 million and will have the right to back-in for an additional 10% interest. The Agreement is subject to regulatory and Cathedral's Board approval. The Tallman property is located 8 km north of the Kaburi-Eldorado property where Cathedral is already carrying out detailed drilling on the 1.7 km long Hicks Hicks , Edward 1780-1849. American painter of primitive works, notably The Peaceable Kingdom, of which nearly 100 versions exist. Zone. The Tallman claims adjoin Cathedral's 48,000 acres of Prospecting License Applications. The Kaburi district is located 35 km Northwest of the Omai Gold Mine, Guyana. Cathedral's budget for exploration in the Kaburi district is US$2 million for 1995. The Company is well funded with US$4 million cash on hand and operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. from its Sterling Gold Mine in Nevada, U.S.A. CONTACT: Cathedral Gold Corporation, Vancouver R. Michael Jones Mike or Michael Jones may refer to: In sports:
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