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Tuesday, December 07, 2004

IGL expands Romania copper-gold search

Gold developer International Goldfields Ltd (IGL) has expanded work at its Sacu copper-gold project in Romania after encouraging results from its maiden drilling program.

Although the initial drilling was limited, it provided enough encouragement for IGL to commit $1 million towards follow-up work and an extended drilling program that would commence immediately.

The initial exploratory drilling was designed to determine if the project area contained similar rocks to the nearby Certej gold-silver deposit or the Rosia Montana gold deposit, which contains 14.6 million ounces of gold and 67 million ounces of silver.

The 500 square kilometres of western Romania known as the Golden Quadrilateral that includes IGL's project was once Europe's most prolific producer of gold and copper.

Posted by Mihai : 12/07/2004 11:21:00 am