GORDEX MINERALS LOCATES GOLD DEPOSITS
<Gordex Mineral Ltd>
said geologists located more than one mln 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
intented to enable it to operate 24 hours a day throughout the
year.
 Reuter
