At a meeting held in Vancouver in mid-September, the board of Pioneer Resources (TSE) voted against the acquisition of a 9.9% interest held by Canacord Resources (VSE) in the Premier Gold project near Stewart, B.C. Pioneer already has a 40% interest in the gold-silver project being rea died for production by senior partner Westmin Resources (TSE). The 2,200 tons per day project is expected to begin production in the spring of 1989.
John Ivany, president of Canacord, said the company is now reviewing its options in respect of this property interest.
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