NEWS ROUNDUP — Leach tests help Aldebaran

Leach tests demonstrate that material from the Aldebaran

project in Chile will not require fine crushing.

Partners Bema Gold (TSE) and Arizona Star Resource (VSE) report that three 22-ton tests, which simulated leaching of coarse ore, returned heap-leach recoveries averaging 83%. The leached

material was crushed to minus 6 inches.

At the Cerro Casale deposit, the joint venture outlined a minable reserve of 104 million tons grading 0.019 oz. gold per ton.

Yearly production is projected at 100,000 oz., with cash costs pegged at about US$270 per oz.

The cost estimate is based on 3-stage crushing to minus 0.5

inches, and is expected to drop to US$245 per oz. now that it has been shown that less crushing is required. The project’s capital cost is also expected to fall, by nearly 25% to US$48 million. A full feasibility study will be completed within the next 12

months.

.A

Exc. Vol(000s) Close

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Barrick Gold TSE 4447 $ 32 3/8

TVX Gold Inc TSE 4018 $ 10 1/8

Placer Dome TSE 3382 $ 31 5/8

Inco Ltd TSE 3209 $ 34

Breakwater Res TSE 3087 $ 11

Donner Res VSE 2603 116

Northway Expl TSE 2306 149

Falconbridge TSE 2085 $ 21 3/8

Teck Ltd B TSE 1972 $ 24 7/8

Kinross Gld TSE 1911 $ 8 7/8