GEODOME RESOURCES &lt;GOEDF> TO PROCEED WITH MINE

  Geodome Resources Ltd
  said based on a feasibility study of its Sunbeam Mine it will
  proceed with contruction and pre-production stripping as
  rapidly as possible.
      The company said eight of nine holes drilled on the new ore
  zone have an average grade of 0.046 ounces of gold per ton and
  2.1 ounces of silver per ton.
      The deposit is 400 to 500 yards from the newly designed
  Sunbeam pits, has large tonnage and will be drilled off this
  summer, the company said.
      The study said ore reserves including dillution were
  3,302,000 tons at 0.77 ounces of gold per ton at a cut off
  grade of 0.026 ounces per ton and stripping ratio of 4.24 to
  one.
      It said gold production will average 41,000 ounces per year
  for the mine life and 99,000 ounces of silver per year.
      It said gold production in the first three years should
  average 50,000 ounces per year.
      Operating costs are expected to average 201 dlrs per ounce
  of gold for the mine life and 171 dlrs per ounce in the first
  three years.
  

