Castle Mountain Mining dispute finalized.BOISE, Idaho--(BUSINESS WIRE)--March 21, 1996--MK Gold Co. announced today that the final documentation concerning the resolution of the contract mining services dispute at the Castle Mountain Venture ("Venture") was completed yesterday. Under the settlement agreement, the Venture purchased the remainder of the original mining contract, mobile equipment and site facilities from MK Gold for US $11.9 million, and MK Gold entered into a new agreement to mine the Oro Belle, Hart Tunnel and Jumbo jum·bo n. pl. jum·bos An unusually large person, animal, or thing. adj. Unusually large: jumbo shrimp; a jumbo jet. deposits. The company, and its partner, Viceroy Gold Corp., also agreed to expand the area of interest for the Venture from 4-1/2 square miles A square mil is a unit of area, equal to the area of a square with sides of length one mil. A mil is one thousandth of an international inch. This unit of area is usually used in specifying the area of the cross section of a wire or cable. to a property block covering 65 square miles. The Venture will now proceed to exploit the defined reserves, further develop the South Extension and Lucky John deposits, and aggressively explore the numerous identified targets at Castle Mountain. The Castle Mountain Venture is a large open pit, heap leach leach v. leached, leach·ing, leach·es v.tr. 1. To remove soluble or other constituents from by the action of a percolating liquid. 2. and milling operation located in San Bernardino County, California San Bernardino County is the largest county in the contiguous United States by area, containing more land than each of nine states. The county is larger in area than the states of Massachusetts, Connecticut, Rhode Island, and Delaware combined. , operated by Viceroy as 75%-owner, with MK Gold as 25%-owner providing the contract mining services. CONTACT: MK Gold Co., Boise Alan Moore
Alan Moore (born November 18, 1952[7] in Northampton) is an English writer most famous for his influential work in comics, including the acclaimed graphic novels , 208/386-8900 |
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