Printer Friendly
The Free Library
19,607,053 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Electra Mining Consolidated Ltd. announces agreement with Sunshine Mining Precious Metal Inc.


VANCOUVER, British Columbia--(BUSINESS WIRE)--June 4, 1996-- Electra Mining Consolidated Ltd. (VSE See DOS/VSE.

VSE - Virtual Storage Extended
:ELC ELC Early Learning Centre (UK)
ELC Environmental Law Centre (Canada)
ELC Environmental Learning Center (Vero Beach, FL)
ELC Education Law Center
ELC Early Learning Coalition
) announced that its US subsidiary Electra Mining Corp. has entered into an agreement with Sunshine Mining Precious Metals Precious Metals

Valuable metals such as gold, iridium, palladium, platinum, and silver.

Notes:
Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal.
 Inc., to purchase a conventional cyanide mill currently located approximately 100 miles south of Aurora.

The mill has been inspected in detail by Electra's team at Aurora and has the capacity to process approximately 1,500 tons per day. The option requires the payment of $20,000 per month for 3 months and $25,000 for a fourth month at the end of which Electra expects to complete the purchase of US $1.5 million.

The milling facility will be used to process newly developed open pit reserves in conjunction with the reprocessing Reprocessing may refer to:
  • Nuclear reprocessing
  • Recycling
 of leached reserves which require grinding to liberate additional gold.

A final Feasibility Study is expected to be completed by mid June.

CONTACT: Chez chez  
prep.
At the home of; at or by.



[French, from Old French, from Latin casa, cottage, hut.]

chez
prep

at the home of [French]
 International

954/489-9398, fax 954/489-0391
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 4, 1996
Words:155
Previous Article:REPEAT/Westmark Group Holdings Inc. announces filing of amended first quarter 10-QSB.
Next Article:NBS Sells NBS Southern, Inc.
Topics:



Related Articles
ELECTRA HAS ACQUIRED OPTION FOR A POTENTIAL C $5.5 MILLION OF NET EARNINGS ON A NEW LEACHING PROJECT IN NEWFOUNDLAND.
Electra Mining - Working alliance with Canaccord.
Electra Mining Enters Agreement with Sunshine Mining to Purchase Conventional Cyanide Mill.
Electra's Newfoundland gold operation underway.
Electra Mining Consolidated -- Pine Cove Gold Mine Agreement Signed.
Electra Mining - Extraordinary General Meeting Called Regarding Name Change, Expansion of Board and New Stock Incentive Plan.
Akiko Gold Resources Ltd. Announces Tintic Agreement with Thyssen Schachtbau GMBH Subsidiary.
Electra Mining Retains Behre Dolbear to Complete Feasibility Study During First Quarter of 1997.
Sunshine reports annual meeting results.
Top operating mines.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles