GEODOME RESOURCES <GOEDF> TO PROCEED WITH MINE Geodome Resources Ltd said based on a feasibility study of its Sunbeam Mine it will proceed with contruction and pre-production stripping as rapidly as possible. The company said eight of nine holes drilled on the new ore zone have an average grade of 0.046 ounces of gold per ton and 2.1 ounces of silver per ton. The deposit is 400 to 500 yards from the newly designed Sunbeam pits, has large tonnage and will be drilled off this summer, the company said. The study said ore reserves including dillution were 3,302,000 tons at 0.77 ounces of gold per ton at a cut off grade of 0.026 ounces per ton and stripping ratio of 4.24 to one. It said gold production will average 41,000 ounces per year for the mine life and 99,000 ounces of silver per year. It said gold production in the first three years should average 50,000 ounces per year. Operating costs are expected to average 201 dlrs per ounce of gold for the mine life and 171 dlrs per ounce in the first three years.