Cornucopia Resources announces near completion of Mineral Ridge Mine.VANCOUVER, British Columbia--(BUSINESS WIRE)--April 9, 1997-- Cornucopia cornucopia (kôr'ny  kō`pēə), in Greek mythology, magnificent horn that filled itself with whatever meat or drink its owner requested. Resources Ltd., announces that construction of the Mineral Ridge Mine has been fully funded and is close to completion, with the first gold pour anticipated by the early June. The final Hollister Mine reclamation Mine reclamation is the process of creating useful landscapes that meet a variety of goals, typically creating productive ecosystems (or sometimes industrial or municipal land) from mined land. plan prepared by Newmont has been submitted to the Bureau of Land Management for approval. This has paved the way for bringing in a new partner to replace Newmont as operator of the joint venture to explore the West Hollister and Hatter areas. The proposed terms of the revised arrangement are favorable to Cornucopia and should permit an early resumption of the deep drilling programs which encountered several high grade intercepts in 1994 and which have still to be followed up. The Company will be progressively divesting itself of its 34% interest in Carlin car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] Resources Corp., which is active in West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. . Many overseas opportunities are now beset with a high measure of political and operational uncertainty. At the same time, the impediments to successful mining in the USA, Canada and Mexico appear to be abating rapidly. Management believes that the location of the projects in Nevada will prove to be a positive factor in the long run and the Company intends to concentrate most of its efforts close to home for the foreseeable future. In order to ensure continued growth of Cornucopia's exploration, development and gold production activities, several acquisition prospects are being actively pursued. Currently, projects in North America are receiving priority consideration. Cornucopia is listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (CNP (Certified Network Professional) A professional designation and accreditation given to individual IT networking professionals by the Network Professional Association (www.npa.org). ) and is quoted on the Nasdaq Small-Cap Issuers Market (CNPGF). --------------------- (signed) Andrew F. B. Milligan President CONTACT: Richard Roy/Dale Paruk, 800/436-4404 |
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