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http://in2eastafrica.net/stamico-eyes-more-prospecting-licenses/STAMICO has managed to enter into joint venture with a Canadian firm TanZam 2000 which takes over the Buckreef Gold Mine under which STAMICO owns 45 per cent of the mine’s stake.”The firm is now doing an investment study, which started at the end of last year and is scheduled to last two years,” Mr Mwanga said.The mine’s previous owner IAM Gold of Canada decided to not continue with exploration due to limited funds after investing 40 million US dollar in 2006. ^^^^^^^^^^^^^^^^^^^^^^^2 year "investment study"?. that's a far cry from producing 100,000 in 30 months.IAM Gold has a billion they plan to deploy. It wasn't a $$ issue.
maybe it was one of those gov/t issues, truth will never be put out. for me stamico is the dark horse,so is joey
Aside from drilling services and some small scale artisenal assistance, where is the capablility to launch to large mining operation? The only "investment" opportunity listed is Bucky. No other news archives.