GWR declares new Gold Resources

In mid 1993, GWR announced a 230% increase in Inferred and Indicated gold Resource Estimates to further advance the Company’s plans to progress the development of a gold mining operation.

A CSA Global review of the known Opena East gold deposits, other than the deposits reported upon in March 1994, has raised the Company’s total gold Mineral Resource estimate to 3,478,000 tonnes @ 2.3g/t for a contained 258,000 oz at a 1g/t cut off.

The previously defined gold deposits represent low exploration risk and are situated within granted Mining Leases. Detailed flora and fauna surveys have already been undertaken as part of the Company’s Opena East DSO Annanite Iron Ore project.