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nagyonokoson Sep 11, 2006 9:23am
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evaluating projects to addto its portfolio
evaluating projects to addto its portfolioIntrepid Mines Limited: Codelco Exercises Right of First Refusal Over Jeronimo Interest
Sep 11, 2006 8:30:00 AM
TORONTO, ONTARIO--(CCNMatthews - Sept. 11 2006) - Intrepid Mines Limited (TSX:IAU)(TSX:IXN)(ASX:IAU) reports it has received notification from CODELCO that it is proceeding to exercise its right of first refusal on the Jeronimo gold project in Chile. As a consequence, the Intrepid and BacTech Mining partnership will not proceed to acquire any interest in this project.
Intrepid continues to be opportunistic and is currently evaluating other projects to add to its portfolio. Intrepid's main focus at present is the expansion of the ore reserve at the operating Paulsens gold mine in Australia and completion of the feasibility study on the Casposo gold-silver project in San Juan Province, Argentina.
On behalf of the Board of Directors of Intrepid Mines,
Laurence Curtis, President & CEO
Intrepid Mines Limited has an international production, development and exploration profile, and holds interests in several gold-silver and silver-base metal properties in Australia, Argentina, El Salvador, and Canada, either directly or through joint venture partnership.