L&M readies Otago mine

L&M Mining has expanded its interests including the purchase last November of Perilya Mines which has been acquiring land and preparing the Ernscleugh project for development expected to begin in late 2001 once it has the appropriate consents.

L&M Mining staff and consultants have been consulting with locals as part of preparations for an environmental assessment impact report on dust, noise and effects on groundwater.

Earlier last year L&M Mining obtained approval to buy 33ha at Waikaka Rd near Gore where it has identified a gold resource containing 190,000oz, although less may be recoverable.

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