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CORPORATE NEWS Gammon Lake Buys Out Ocampo Partner

CHIHUAHUA, Mexico GAMMON LAKE RESOURCES of Dartmouth, N.S., has bought out BOLNISI GOLD's investment in the Ocamp...


CHIHUAHUA, Mexico GAMMON LAKE RESOURCES of Dartmouth, N.S., has bought out BOLNISI GOLD’s investment in the Ocampo open pit deposit. Gammon already controls 100% of the Ocampo underground project. For US$5 million Bolnisi will deliver the final feasibility study and relinquish its right to acquire a 60% interest in the joint venture area.

Gammon intends to move ahead on both the open pit and underground development. The company is raising $15 million through a private placement. Its web site is at www.gammonlake.com.


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