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PLATINUM CREEK MINE
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Latest Information  July 28, 2009 Victory West Moly Limited announce that on 24 July 2009 it executed Heads of Agreement with XS Platinum Ltd ("XPS") to acquire all of XSP’s shares. XSP has near-term platinum and gold production in Alaska, and plans to be producing and selling platinum and gold by calendar year end. XSP is an unlisted public company that owns 100% of the historically significant Platinum Creek Mine located near the township of Platinum, south-western Alaska. The Platinum Creek Mine consists of 195 placer and hard rock mining claims that cover more than 3,000 acres. XSP’s employees and equipment have been mobilised to the Platinum Creek Mine in readiness for a small-scale bulk-sampling/test production program that is planned to be underway during August 2009. |
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