| WESTERN MINING TO OPEN NEW GOLD MINE IN AUSTRALIA | |
| Western Mining Corp Holdings Ltd | |
| <WMNG.S> (WMC) said it will establish a new joint venture gold | |
| mine in the Northern Territory at a cost of about 21 mln dlrs. | |
| The mine, to be known as the Goodall project, will be owned | |
| 60 pct by WMC and 40 pct by a local W.R. Grace and Co <GRA> | |
| unit. It is located 30 kms east of the Adelaide River at Mt. | |
| Bundey, WMC said in a statement | |
| It said the open-pit mine, with a conventional leach | |
| treatment plant, is expected to produce about 50,000 ounces of | |
| gold in its first year of production from mid-1988. Annual ore | |
| capacity will be about 750,000 tonnes. | |