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gazar |
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| The Company requires additional evaluation and discussion regarding the project that need to be clarified and assessed before it can proceed with a formal agreement with the Mongolian partner Mongol Gazar LP. TORONTO -- Simberi Gold Corporation (TSX VENTURE:SAU) - Simberi Gold Corporation ("Simberi") Simberi is pleased to announce that it has completed a Letter of Intent ("LOI") with Mongal Gazar Resources Limited ("MGH") of Mongolia to acquire an initial 22% interest in its Olon Ovoot gold project in the South Gobi district of Mongolia. In June 1997, the Company commenced placer gold mining operations on its 100 percent owned Gazar license in the Zaamar Valley in northern Mongolia. |
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-zär
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