U.S. REPORT Southlands Plans Placer Production

Placer production is planned for the Bidwell gold property near Redding, Calif., by joint venture partners, Bren-Mar Resources (VSE) and Southlands Mining Corp. (VSE). An agreement between the companies gives Southlands the right to acquire a 50% interest by funding the $580,000(US) cost of production. An application for a mining permit at the rate of 200 cu yds per hour was filed several weeks ago with state authorities, and the companies say approval is expected shortly. Initial projections call for the processing of 2,000 cubic yards per day for a gross daily cash flow of $14,000(US).