U.S. MINERALS <USMX.O> COMMISSIONS NEW GOLD MINE
U.S. Minerals Exploration Co said it and
Pegasus Gold Inc <PGUL.O> of Spokane, Wash, officially
commissioned a new gold, zinc and lead producing mine.
    U.S. Minerals said the new Montana Tunnels Mine near
Helena, Mont, is expected to reach full production in August
1987. U.S. Minerals said the mine is designed to operate at an
average of 12,500 tons or ore per day and is projected to
produce 95,000 ounces of gold in 1988, plus significant
quantities of silver, lead and zinc.
    U.S. Minerals said it has a 50 pct net profit royalty
interest in the mine after payback of development costs.
 Reuter
