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LAC'S BULLFROG MINE EXTENDS LIFE, HIRES NEW EMPLOYEES

 LAC'S BULLFROG MINE EXTENDS LIFE, HIRES NEW EMPLOYEES
 TORONTO, Sept. 16 /PRNewswire/ -- The Bullfrog Mine, owned by LAC Minerals Ltd. (NYSE: LAC) of Toronto, today announced that production from the new underground extension to the mine has reached a milling capacity of 750 tonnes of ore daily, grading eight to ten grams of gold per tonne. The average grade of ore at the Bullfrog Mine, combining the underground operation and the open pit yields approximately three to four grams of gold per tonne and produces over 20,000 ounces of gold a month.
 "A drilling program carried out in 1991 confirms underground reserves of 3.5 million tonnes of ore, extending the life of the mine by several years" stated Jack Bingham, Manager of the Bullfrog Mine. "As a result, eighty-five new underground employees have recently been hired from the State of Nevada and other parts of the Western U.S."
 Capital expenditures for the development of the new underground ramp access and mine infrastructure, including a three and a half month feasibility study, have been U.S. $15 million over the past fifteen months.
 In 1991, the Bullfrog Mine produced 198,863 ounces of gold and 188,824 ounces of silver. For the first eight months of 1992, Bullfrog has produced more than 200,000 ounces of gold and 180,000 ounces of silver. LAC Minerals Ltd., which owns and operates mines throughout North and South America, mines primarily gold and produces over one million ounces annually.
 -0- 9/16/92
 /CONTACT: Jack Bingham, 702-553-2900; Don Fenton, 416-777-2378, both for LAC Minerals/
 (LAC) CO: LAC Minerals Ltd. ST: Ontario IN: MNG SU:


SH -- NY014 -- 9997 09/16/92 09:29 EDT
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Publication:PR Newswire
Date:Sep 16, 1992
Words:282
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