Royal Oak's Kemess Concentrates Meet Specifications for Pre-Payment.KIRKLAND, Wash.--(BUSINESS WIRE)--July 24, 1998--Royal Oak Mines Inc.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :RYO.) (AMEX AMEX See: American Stock Exchange :RYO) Royal Oak Mines The Royal Oak Mines Incorporated was a gold mining company, founded in 1990 by Peggy Witte in Kirkland, Washington. They held numerous gold and base metal properties in Canada, including the Giant Mine in the Northwest Territories, Pamour Mine in Ontario, Hope Brook Mine in Inc. (TSE and AMEX: RYO) announced today that concentrates from its newly-opened Kemess Mine Kemess Mine is an open-pit copper and gold mine, located in British Columbia. It was operated by Royal Oak Mines from 1998 to 2000, when it was bought by Northgate Minerals. It is serviced by Kemess Creek Airport. are meeting all the assay specifications set out in the Company's concentrate purchase agreement and the concentrates being shipped from the mine site meet the moisture content necessary for transporting safely on ocean-going vessels. As a result of meeting specifications, the Company has received the US$5 million pre-pay from Glencore Ltd. and Glencore has commenced purchasing concentrates on a regular basis. Concentrates are being shipped from the site via rail to Vancouver Wharves Structures erected on the margin of Navigable Waters where vessels can stop to load and unload cargo. Cities located on lakes, rivers, and oceans usually have at least one wharf, where ships can deliver and pick up passengers and load and unload various types of goods. where they will be loaded on ocean-going vessels for delivery to various smelters. Start-up at the Kemess Mine has progressed well and the Company has achieved many days with through-put over design capacity of 53,000 tons per day.
CONTACT: Royal Oak Mines Inc.
Mr. J. Graham Eacott, 425/822-8992
425/822-3552 (Fax)
Kirkland, Washington
Internet site: http://www.royal-oak-mines.com
or
David Williamson Associates
Mr. David Williamson, 011/44-171-628-3989
011/44-171-920-0563 (Fax)
London, England
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