Nelson Gold revives Jilau mine

Operations at the Jilau mine in Tajikistan have resumed following discussions between Nelson Gold (NLG-T), the Tajikistani government and International Finance Corporation.

Production started in the first quarter but was suspended in September. As a result, production for 1996 is expected to drop to 38,000 oz. from a targeted 42,000 oz.

Nelson has a 49% stake in Jilau’s owner, Zeravshan Gold Co. The Canadian junior says some outstanding issues regarding the mine have been resolved, and steps are being taken to implement the June 17 protocol agreement.

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