Electra Mining Consolidated Ltd. reports it has more than tripled the gold leaching plant capacity at the Aurora Mine site.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--March 3, 1995--The Aurora Aurora, cities, United States Aurora (ərôr`ə, ô–). 1 City (1990 pop. 222,103), Adams and Arapahoe counties, N central Colo., a growing suburb on the east side of Denver; inc. 1903. Gold Mine which is wholly owned by Electra, is located 28 miles southwest of Hawthorne, Nevada Hawthorne is a census-designated place (CDP) in Mineral County, Nevada, United States. The population was 3,311 at the 2000 census. It is the county seat of Mineral CountyGR6. The nearby Hawthorne Army Depot is the primary economic base of the town. . Electra has completed the construction of a new gold leaching leaching, method of extraction in which a solvent is passed through a mixture to remove some desired substance from it. A simple example is the passage of boiling water through ground coffee to dissolve and carry out the chemicals necessary for producing the beverage. plant which will increase plant solution flows from 300 gallons per minute to over 1,000 gallons per minute. The plant is now operating at 800 gallons per minute and should be at capacity within 2 weeks. This new plant will accelerate gold recovery from existing heaps and will provide substantial new capacity for new 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. reserves. The Company has already begun a drilling program on the western extension of the Humboldt Ore Body. Electra is currently working on a strategic plan which will include an extensive exploration and development program at its Aurora Mine. Evaluation continues on the current known underground and open pit reserves. Electra has a high regard for the future potential of the Bodie-Aurora-Borealis gold belt which has produced or developed 6,000,000 ounces of gold. Drilling results are expected shortly and will be announced as they become available. The Company announces that, subject to regulatory approval, options are granted to the employees at the mine site that permit the purchase of 100,000 common shares from treasury at an issue price of $1.10 per share. These employees who formerly were employed by the Aurora Partnership, are now exclusively employees of Electra since its purchase of the other half of the partnership in late 1994. -0- Note to Editors: The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. CONTACT: Electra Mining Consolidated Ltd., Vancouver Douglas B. Stelling, 604/685-4747 or 604/685-4730 (fax) |
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