Oroyo baulks at Mt Gibson gold
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Tuesday, 5 October, 2004 - 22:00
OROYO has decided against a plan to resume mining at its Mt Gibson Gold Project following the results of a feasibility study.
The study found that current gold prices did not justify refurbishment of the Mt Gibson gold plant. That refurbishment was expected to cost $10 million.
The company now plans to do further exploration in the region.