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LAERMA - GANSU PARGAS JV
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Latest Information January 11, 2006 The transfer of the exploration licenses with respect to the Maqu, Luqu, and Xiahe properties have been received and have been transferred to the JV corporation, Gansu Pargas Minerals Exploration Co., pursuant to the terms of the JV agreement. The business license for the JV that encompasses the Bulagou property is now awaited. January 11, 2006 The transfer of the exploration licenses with respect to the Maqu, Luqu, and Xiahe properties have been received and have been transferred to the JV corporation, Gansu Pargas Minerals Exploration Co., pursuant to the terms of the JV agreement. The business license for the JV that encompasses the Bulagou property is now awaited. November 21, 2005 Further drilling results from its exploration program were announced. Highlights include drill hole LEM05-7 which intersected 124.8 m grading 1.86 g/t Au (from surface) including 17.3 m grading 6.43 g/t Au (from 23.1 m) and drill hole LEM05-8 which intersected 114.1 m grading 2.00 g/t Au (from surface) including 15.6 m grading 5.83 g/t Au (from 13.2 m). Gold mineralization has now been confirmed to have a strike length of at least 500 m and it remains open along strike in both directions and at depth. |
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