Placer Dome Inc. has elected to continue with its option on Golden Star Resources’ Omai gold property in Guyana, South America. Known in their agreement as a further study option, it requires that Placer spend $700,000 during the next six months. At the end of two more 6-month option periods, Placer must complete a feasibility study.
A majority of the current work has concentrated on alluvial zones adjacent to the Omai stock. Reserves total 731,000 tonnes grading 1.7 g gold per tonne.
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