AMAX <AMX> IN GOLD, SILVER FIND
AMAX Incx said it has identified
additional gold and silver ore reserves at its AMAX Sleeper
Mine near Winnemucca, Nev..
    It said as a result of recent drilling, reserves at thhe
mine are now estimated at 2,470,000 short tons of ore grading
0.24 ounce of gold and 0.50 ounce of silver per ton that is
treatable by conventional milling techniques.
    AMAX said additional reserves amenable to heap leaching are
estimated at 38.3 mln tons averaging 0.025 ounce gold and 0.24
ounce silver per ton.  Further drilling is being conducted, it
said.
 Reuter
