Module announces agreement with DryVac Services Canada to undertake testwork
for possible gold recovery from Carolin Mine tailings
/NOT FOR DISTRIBUTION IN THE
Module is also pleased to announce that an agreement has been signed with DryVac Services
The next stage of this tailings project will involve assaying and processing of sampled material using DryVac's laboratory facility at the University of British Columbia in
About Module Resources
Module Resources' Ladner Gold Project includes the Ladner Mine (formerly called the Carolin Mine, a former underground gold producer from 1982 - 84), Emancipation Mine (intermittent gold producer from 1916 - 41), Pipestem Mine (intermittent gold producer from 1935 - 37), and numerous gold prospects situated along the under-explored Coquihalla Gold Belt. Based on historical exploration and development work in 1995 - 1996 and historical production records of the Carolin Mine, the Company believes that there is potential to reopen the mine at some time in the future if the exploration and development programs are successful and a positive feasibility study is obtained given a favorable gold price.
The technical information contained in this release has been prepared by
ON BEHALF OF THE BOARD OF DIRECTORS "Bruce W. Downing" Bruce W. Downing, M.Sc., PGeo. President & Chief Executive Officer E-mail: [email protected] Website www.moduleresources.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this press release. We seek Safe Harbor.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Module in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Module's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Module disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
For further information: Bruce W. Downing, M.Sc., PGeo., President & Chief Executive Officer, E-mail: [email protected], Website www.moduleresources.com
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