Drilling expands Millennium

Denver — Glamis Gold (GLG-N) is half-way through an 80,000-ft. drilling program at the Millennium project in Nevada, where it expects to outline a new resource.

Glamis owns a 66.7% interest in Marigold, a mile south of the Marigold mine, with the remainder held by Homestake Mining (HM-N).

Stepout drilling is focused on Section 31, where mineralization remains open south and west of previously identified zones. Meanwhile, infill drilling is converting waste into ore in the Main zone.

Section 30 will be the focus of the second half of the US$2.1-million drilling program.

Marigold is expected to contribute 48,000 oz. gold to Glamis’s account in 2001 at cash costs of US$200 per oz. At the beginning of the year, reserves at the open-pit operation were 20.2 million tons averaging 0.035 oz. per ton.