VANCOUVER, BRITISH COLUMBIA--The management of Claimstaker Resources Ltd. (VSE symbol: CLN) announces that due to the low gold price it has decided to temporarily cease its milling operation at the Blackdome Gold Mine. The mill shutdown will give us the opportunity to effect significant improvements to the mill, including the installation of a newly reconditioned crusher that will improve the ore through-put and, possibly, the gold recovery.
At the present time, development will continue in two areas and exploration drilling underground is expected to commence shortly. Due to the unusually heavy snowpack on the property, the surface exploration program has not yet begun, but is expected to be initiated in early June.
On behalf of the Board of Directors,
Richard Somerville, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT: Claimstaker Resources Ltd. Mr. Robert Veitch Investor Relations 1-888-236-5200 Website: www.claimstakerresources.com The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein.
Last Edit: Jan 31, 2005 20:42:41 GMT -5 by Franko10 ™
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