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Reached agreement on 09/04/01 with Queenstake Resources to sell 100% interest in Mexican assets including all shares of its' Mexican subsidiary Oro de Sotula, S.A. de C.V. to Queenstake Resources. Adios Muchachos!!

Campbell Resources Inc.                [CCH:TSE] [CBLRF:OTCBB]

Had operated in Mexico for a long time through it's 100% controlled subsidiary Minerales Sotula S.A. de C.V. and also it's Santa Gertrudis mine operating unit Oro de Sotula S.A. de C.V. They don't appear to have a website.

Santa Gertrudis Mine, Sonora. Purchased from Phelps Dodge in 1994 and expanded through  acquisition of adjacent Minera Roca Roja Property in 1999 (including the La Amelia Mine). As of 4Q00 Santa Gertrudis was on care and maintenance mode only. Cambell concentrated it's Mexico related efforts in 1Q01 on identifying a potential investor for Santa Gertrudis.  

   Press Release 16May01

Continued exploration during 1998 proved successful and Campbell in mid 1999 reviewed the possibility of recommencing limited mining operations from certain economic deposits, including the El Mirador and El Toro Norte deposits. Gold production commenced during the 4Q99 and is expected to generate sufficient cash flows at current gold prices to fund the fixed costs at the property and the ongoing exploration effort. At the Santa Gertrudis Mine, this ongoing exploration resulted in the forecast production for the mine increasing to approximately 30,000 ounces of gold at a cash cost of US$220 per ounce in 2000. Campbell's gold production for the 1Q00, all of which was derived from the Santa Gertrudis Mine, was 3,100 ounces at a cash cost of US$325 per ounce. This compares to 15,900 ounces at a cash cost of US$301 per ounce in the same period of 1999, of which 15,300 ounces was produced from the Joe Mann Mine and the balance was produced at Santa Gertrudis. Campbell forecasted gold production of 90,000 ounces at an average cash cost of US$230 per ounce in 2000. 

Several targets situated northwest of the El Mirador deposit and within the same stratigraphic sequence which hosts this deposit and the past producing open pits at Santa Gertrudis are the subject of detailed exploration. These targets include the Elena Sur prospect. The Elena Sur prospect located approximately 750 m west-northwest of El Toro Norte was discovered following a geochemical soil sampling program. Preliminary trench results have yielded 5.80 grams per tonne gold (g/T gold) over a true width of 4.5 m. Further trenching and drilling is planned to better define this target. Elsewhere on the property, exploration is continuing along the 2.6 km-long La Peque-Escondida structure, situated approximately 1.5 km north of the El Mirador and mine district. Targets along this structure include the 5 zones within the Escondida Area at the eastern end of the structure, the La Peque deposit at the western end of the structure, and the newly discovered Vibora prospect in between. Trenching at the Vibora prospect partially exposed an altered zone which assayed 1.40 g/T gold over a true width of approximately 8 m and subsequent drilling returned a value of 1.64 g/T gold over 13.5 m and a second zone at depth assayed 0.95 g/t gold over 9.0 m. Additional trenching and drilling are planed to test the prospect along strike and at depth. Drilling of the Escondida Central Area suggests this zone has a strike length of 300 m, a true width of 7.0 m and an arithmetic average grade of 1.3g/T gold. The 180 m central portion of the target averages approximately 1.7 g/T gold over a true width of 6.5 m. Additional drilling to the east and west of this deposit will be completed before resource calculations are made. Many other targets associated with structural features and/or soil geochemical anomalies remain to be tested. San Enrique Geochemical Anomaly As previously announced in the press release of April 15, 1999, the Company has been granted a temporary occupation resolution. The appropriate government authorities in Mexico are currently taking steps necessary to ensure that the Company can exercise its right to explore the area. 

Press Release 13Aug99

HISTORY: Mine put on temporary shut-down in November, 1997 due to depressed Au prices. YTD cash costs were $341/oz. All systems on hold but pads will continue leaching for 6-12 mo.  Exploration staff in Hermosillo reduced. Will concentrate on trying to develop new lower cost oxide reserves and are looking for partners to explore deep potential. For the first 9 months of 1998 a total of 11,099 oz were leached from residual material on the pads. Continued exploration through the 1H98 developed a geologic resource of 1.8M tonnes at 2.39 gpt Au (140,000 oz). In mid 1999  the company purchased the former producing adjoining 4750 ha Minera Roca Roja property known as "La Amelia" from a court appointed bankruptcy trustee for 1.002 MM. (cheap!!). This area is known to contain the down-dip extensions of some of the mineralization on Santa Gertrudis ground. During period 1991-1997 Santa Gertrudis produced more than 400,000 oz Au. During 1998 Campbell (passively) produced 12,300 oz Au through continued operating of existing heaps at a cash cost of $242/oz. Continued expansion of in-situ reserves is being carried out. Campbell plans to resume mining operations when the reserve base is sufficient to sustain operations for a minimum of two-years Campbell is trying to get mineable reserve base to 200,000 oz before re-startup at 50,000 oz/yr is contemplated. 

MBD June, 1999
LAMR July, 1998
LAMR December, 1997
MBD December, 1997

A sediment-hosted Au deposit in production in northern Sonora about 30 mi E of Magdalena de Kino and about 150 mi S of Tucson, AZ. Purchased from Phelps Dodge in July, 1994 for just over $9.5M. Property comprises 87 sq mi and mineralization in numerous pods or orebodies. Total 1996 production of 54,400 ounces at average cost of $227/oz.. Anticipates 1997 to be 55,000 oz at $250/oz. Reserves expanding with exploration in Greta Area (7 km SE) and the La Truena Zone (N of main mining area). Year-end 1996 reserves quoted at 90,900 oz at 1.79 gpt. High-grade intercepted in the Ontario Zone of the Greta Area. True width intersection of 10.3m grading 0.217 opt Au in near-surface silty limestone unit. La Truena target is also returning significant mineralization with intercepts ranging from 19.5m/0.075 opt to 3m/0.373 opt. Mexican exploration for 1997 includes a $5 million 100,000 ft exploration drilling program presently underway at the property.

NMN v83#6 04/07/97
NMN v82#51 02/17/97
Annual Report, 1996
MBD December, 1996
NMN 10/25/96
NMN v82#23 08/05/96
MBD Mar., Aug., 96
LAMR, v3, #5 May 96
LAMR, v3, #8 Aug 96

Banamichi Cu-oxide target, Sonora. An 800 Ha concession drilled in 1993

La Union, Sonora. A group of 5 claims totaling 649 Ha located near Hermosillo and also drilled during the 1993 season.

San Luis Project , Sonora. A gold exploration play drilled in 1992 that made it to a pilot heap-leaching stage. Grew out of a prospect with limited production in 1988-1989.

Santa Rosita and Valle de Oro Claims, Sonora. Two separate claims totaling 674 Ha which were mapped and sampled in 1993.