Post by Franko10 ™ on Sept 20, 2004 13:40:05 GMT -5
Tue Jun 15, 2004
Progress Report
--------------------------------------------------------------------------------
Vancouver, B.C. - War Eagle Mining Company Inc. (TSX Venture Exchange - WAR) Dr. David Hackman, Director and Tres Marias Mine Project Manager reports on the initial phase of the Tres Marias exploration and development program underway:
- Offices and accommodations have been established in the nearby village of Manuel Benavides';
- The new headframe has been erected, the shaft collar cemented, and the bulk head installed at surface with a hoist now being installed;
- Upgrading of the shaft and manway is underway and should be completed in July;
- The workings will be surveyed, mapped and sampled with completion scheduled for September to be followed by an underground diamond drilling program;
- Initial geology mapping based on air photo interpretation is underway and will be completed in June;
- Surface geological mapping and sampling of mineralized areas will commence in June followed a geophysical program including gravity, resistivity and magnetometer surveys. The results of the mapping, sampling and geophysical surveys will allow a surface drilling program to begin in October to drill indicate an additional resource;
- Metallurgical testing of ore samples maybe completed by August to assist in the proposed plant design; and
- The company is planning a mine tour in mid July for a major international metals and materials company as well as an institutional investor.
Terry Schorn, President notes "The Tres Marias Program is on schedule for both underground and surface diamond drilling program this fall to identify a 500,000 ton resource which will then allow us to complete the feasibility study."
Archer Cathro, operator the Antimony Mountain copper gold property located in the Yukon also reports that the geological mapping and sampling program will be underway as of July 1st with diamond drilling slated for August 1.
The Company also has, subject to regulatory approval, appointed Bolder Investment Partners to serve as its Canadian financial advisor for eighteen months. Consideration to be paid to Bolder for acting in this capacity is to be an initial fee of $5,000 plus 200,000 non-transferable warrants. Each warrant will allow for the purchase of a common share at $0.45 for eighteen months from the issuance date.
War Eagle Mining Company's web site is now available for viewing at www.wareaglemining.com
For information contact:
Bob Faris, V P, Corporate Development
1-800-877-1626 or 604-606-7973.
Progress Report
--------------------------------------------------------------------------------
Vancouver, B.C. - War Eagle Mining Company Inc. (TSX Venture Exchange - WAR) Dr. David Hackman, Director and Tres Marias Mine Project Manager reports on the initial phase of the Tres Marias exploration and development program underway:
- Offices and accommodations have been established in the nearby village of Manuel Benavides';
- The new headframe has been erected, the shaft collar cemented, and the bulk head installed at surface with a hoist now being installed;
- Upgrading of the shaft and manway is underway and should be completed in July;
- The workings will be surveyed, mapped and sampled with completion scheduled for September to be followed by an underground diamond drilling program;
- Initial geology mapping based on air photo interpretation is underway and will be completed in June;
- Surface geological mapping and sampling of mineralized areas will commence in June followed a geophysical program including gravity, resistivity and magnetometer surveys. The results of the mapping, sampling and geophysical surveys will allow a surface drilling program to begin in October to drill indicate an additional resource;
- Metallurgical testing of ore samples maybe completed by August to assist in the proposed plant design; and
- The company is planning a mine tour in mid July for a major international metals and materials company as well as an institutional investor.
Terry Schorn, President notes "The Tres Marias Program is on schedule for both underground and surface diamond drilling program this fall to identify a 500,000 ton resource which will then allow us to complete the feasibility study."
Archer Cathro, operator the Antimony Mountain copper gold property located in the Yukon also reports that the geological mapping and sampling program will be underway as of July 1st with diamond drilling slated for August 1.
The Company also has, subject to regulatory approval, appointed Bolder Investment Partners to serve as its Canadian financial advisor for eighteen months. Consideration to be paid to Bolder for acting in this capacity is to be an initial fee of $5,000 plus 200,000 non-transferable warrants. Each warrant will allow for the purchase of a common share at $0.45 for eighteen months from the issuance date.
War Eagle Mining Company's web site is now available for viewing at www.wareaglemining.com
For information contact:
Bob Faris, V P, Corporate Development
1-800-877-1626 or 604-606-7973.