SPEC Headlines, Jan. 25, 2004
THE GASPE:
Ressources Appalaches to invest $1.3 million in 2004
Gilles Gagné
CARLETON - Rimouski-based mining company Ressources Appalaches will concentrate
its exploration work in the heart of the Gaspé Peninsula in 2004, in the Eagle's
Mountain sector, where the firm has identified what is currently considered the
most promising signs of copper in the region.
Ressources Appalaches will inject $1.3 million to further explore its Gaspesian
claims this year, $500,000 more than in 2003. The company just finished its
annual issue of shares and sold them in three days, for $1.7 million. The
balance not injected in the Gaspé, a sum of $400,000, will be used in the North
Shore area.
"It is simple; 90% of our on-site efforts will be concentrated in the Gaspé, in
an area of four kilometers by four, where we have found interesting showings.
But we haven't found the big target we have been looking for. According to our
(geological) model, we think that the deposit is deeper", explains André Proulx,
the chairman of Ressources Appalaches.
Company managers think that the samples extracted so far will eventually
demonstrate that the Lemieux dome, the general area including Eagle's Mountain,
contains a geological formation of the Olympic Dam type, by the name of an
Australian formation where huge quantities of copper and gold were discovered
many years ago. It is one of the biggest deposits in the world.
Feds announces $1,370,000 for Paspebiac Historical
Site
Close to $3 million has been received for the $4.4 million restoration plan
Gilles Gagné
PASPEBIAC - The financing of the $4.4 million restoration plan of the Site
Historique du Banc de Paspebiac is now 65% completed since the federal
government announced on January 20th that the final amount of $1.3 million
expected from Ottawa will be handed over, and even surpassed.
Member of Parliament for the Bonaventure-Gaspé-Magdalen Islands-Pabok riding
Georges Farrah announced that a sum of $1,370, 000 will be forwarded to the site
to refurbish some of the eleven buildings of the tourist attraction. Work will
be concentrated in three buildings next spring, notably the huge five-storey "B.B".,
the Le Boutillier Brothers main storage infrastructure, and a wooden structure
used in shipbuilding.
The work will preserve the architectural integrity of the buildings erected 200
years ago, inspired by a construction style more commonly seen in New England.
The buildings belonged to the two main Jersey-based companies, the Charles Robin
Company and Le Boutillier Brothers.