A wholly owned subsidiary of the former Armada Gold (ASE), Trans Pacific Resources Group, is planning a drill program on a gold tailings project in southeastern Siberia.
Trans Pacific controls 49% of Baltails Joint Stock Co., which has the right to rework the Baley project. Studies suggest the 50 million tonnes of tailings contain more than 1 million oz. gold.
Armada has changed its name to Armada Financial and consolidated its shares on a 4-to-1 basis.
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