VANCOUVER, BRITISH COLUMBIA--Claimstaker Resources Ltd. (the "Company") announces that it has completed efforts to place the Blackdome Gold Mine on a care and maintenance status.
During the past few months, Claimstaker has eliminated all of the outstanding debts related to the recent production efforts at the Blackdome Gold Mine. These obligations were incurred prior to the termination of production in the first part of last year. They included eliminating leases on the mobile camp buildings and various pieces of heavy equipment.
Also, the Company has complied with all of the current requirements by the various environmental agencies. With guidance from the engineering consultants at Knight Piesold, the Company lowered and widened the spillway from the tailings dam.
Blackdome remains a highly attractive gold exploration and development project with a fully equipped mill on site. The Company is now in the process of developing future exploration and development plans for Blackdome in anticipation of higher gold prices.
On behalf of the Board of Directors,
N. Ferris, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT: Claimstaker Resources Ltd. Nick Ferris President and CEO (604) 684-6677 or Toll Free: 1-888-236-5200 (604) 684-6678 (FAX) Email: firstname.lastname@example.org Website: www.claimstakerresources.com The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.
Last Edit: Jan 31, 2005 21:59:49 GMT -5 by Franko10 ™
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