NORTHERN QUEBEC - TOM EXPLORATION of Rouyn-Noranda, Quebec, has arranged a three-year, $12-million debenture with which to complete the acquisition of the Beacon II gold project and conduct a surface and underground exploration program. Part of the money will be used to reopen the existing mill to treat custom gold ore from the Val d'Or area.
Historical reports put the Beacon II resource at approximately 450,000 tones grading 0.20 opt Au.
At press time, the company's website at www.TomExploration.com was being updated.
Comments