Antilles concession going to Monte Carlo

Mining rights for Aruba are being negotiated by Monte Carlo Gold Mines. Aruba is an island in the Dutch Antilles.

A petition for a 3-year lease to explore the island was accepted by the Antillian government which gives the company the right to explore and evaluate the island’s gold potential, Monte Carlo says.

Negotiations are also in progress with underwriters in order to raise funds for exploration. Monte Carlo is seeking $12 million. If successful, some of the money will be used to earn a 40% interest in two properties in Lebel Twp., near Kirkland Lake, Ont.

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** Encouraging assays reported by Levon **

Encouraging assays have ben received from the Howard tunnel under development on Levon Resources’ Congress property near Gold Bridge, B.C., the company reports.

Levon says with drifting currently in progress, ore samples from a 40-ft section yielded grades averaging 0.226 oz gold per ton, with an average width of 5.16 ft. Best of these was a 7.29 ft section at a grade of 0.327 oz.

The company adds actual widths may be considerably larger because these assays were limited to that portion of the vein exposed at the face.

The Howard tunnel is one of eight mineralized zones on the Congress property with ore grades over mineable widths on surface.

Veronex Resources is a 50/50 joint venture partner on the project.