Citadel Gold Mines Inc. makes announcement.TORONTO, Ontario--(BUSINESS WIRE)--Aug. 23, 1995--Citadel Gold Mines, Inc. announced today that it has been fined a total of $3,500.00 as a result of pleading guilty to one count of failing to submit a closure plan in respect of the Company's Surluga Mine within the time constraints In law, time constraints are placed on certain actions and filings in the interest of speedy justice, and additionally to prevent the evasion of the ends of justice by waiting until a matter is moot. required under the Mining Act (Ontario). The final portion of the closure plan was submitted in March, 1995. All charges against two offices of the Company were withdrawn. The company has completed a satellite data review in an area on Baffin Island Baffin Island, 183,810 sq mi (476,068 sq km), c.1,000 mi (1,610 km) long and from 130 to 450 mi (210–720 km) wide, in the Arctic Ocean, Nunavut Territory, Canada. It is the fifth largest island in the world and the easternmost member of the Arctic Archipelago. , N.W.T. to assess the diamond potential. The program consisted of satellite reconnaissance in that area of suspected kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. outcrops. We will now determine what exploration options are available to us. We are very pleased to be associated, on a consulting basis, with one of the Inuit groups in the Canadian Arctic, Qikiqtaaluk Corporation, located on Baffin Island in Iqaluit N.W.T. Citadel is reviewing a number of options on a joint venture basis with the Inuit Corporation, particularly within the resource field. The company is also reviewing its gold properties in the vicinity of Wawa, Ontario Wawa, Ontario is a community in Northern Ontario, Canada, located in Michipicoten Township in the Algoma District. The community is known for its 28-foot-tall metal statue of a Canada goose, which was built in 1963. , with other mine operators in the area as to joint venture possibilities. Diamond indicator minerals were discovered near and on our property at Wawa by the Ministry of Northern Development and Mines during their 1994 Ontario Geological Survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information. A geological survey field season. These discoveries are being followed up by a sampling program now in place. John Sadowski, Vice President, Explorations, will continue to evaluate opportunities in Canada, U.s. and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , while supervising the field program now in progress at Wawa, Ontario. CONTACT: Citadel Gold Mines, Inc. John Sadowski, 416/401-0120; Fax: 416/748-4362 |
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