GORDEX MINERALS LOCATES CANADA GOLD DEPOSITS
Gordex Mineral Ltd
said geologists located more than one mln short tons of
gold-bearing deposits, 0.057 ounces per ton, at Cape Spencer.
    The company said it plans to invest 2.5 mln Canadian dlrs
to expand on-site treatment facilities to process 100,000 tons
of gold-bearing deposits this year and 200,000 tons in 1988.
    Prior to the completion of the recent exploration program,
Gordex estimated the Cape Spencer deposit had 200,000 tons.
    Gordex said the expansion of the Cape Spencer facilities is
intended to enable operation 24 hours a day throughout the
year.
 Reuter
