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Mothballed mines expected to be back in production this fall (5/02)

Engineering and economic evaluations of five former Inco mines were underway in May to bring the Sudbury properties back into production this fall. Fort Knox Gold Resources Inc.

Engineering and economic evaluations of five former Inco mines were underway in May to bring the Sudbury properties back into production this fall. Fort Knox Gold Resources Inc. struck a deal with Inco last December to acquire a 100 per cent interest in the McCreedy, West Levack, Victoria, Norman North and Kirkwood mines. The five mines could be operational as early as late September, and have the capacity to produce 3,000 to 4,000 tonnes of ore per day over a three- to four-year period. In a later deal announced in February, Fort Knox signed a contract with Dynatec Corp., a mining contractor to jointly develop and mine the properties using former senior Inco staff.