MANITOBA – WOLFDEN RESOURCES and BEMA GOLD CORP. have noted an increase in gold resources at their Monument Bay joint venture. The inferred resource is estimated to be 1.07 million tonnes at 15.36 g/t Au (528,041 oz of gold) using a cut-off grade of 8 g/t. If the cut-off grade is dropped to 3 g/t, the resource becomes 4.28 million tonnes at 7.41 g/t Au or 1.02 million oz.
The new estimate was made after results were received from the summer 2004 drilling program and include drill results from previous property operators that did not conduct quality assurance programs. Bema, however, has been meticulous about its quality program. Bema is the operator and holder of a 70% interest in Monument Bay.
Details of the project are available at www.WolfdenResources.com.