International Wayside Gold Mines Ltd.

International Wayside Gold Mines Ltd.

January 11, 2005 11:32 ET

International Wayside Gold Mines Ltd.: Detailed Engineering and Environmental Studies Proceeding for Bonanza Ledge Mine


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INTERNATIONAL WAYSIDE GOLD MINES LTD.

TSX VENTURE SYMBOL: IWA

JANUARY 11, 2005 - 11:32 ET

International Wayside Gold Mines Ltd.: Detailed
Engineering and Environmental Studies Proceeding for
Bonanza Ledge Mine

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2005) -
International Wayside Gold Mines Ltd. (TSX VENTURE:IWA)

Neil Mallen MSc.Pl., VP Environment has reported to The Board of
Directors of International Wayside Gold Mines Ltd. (IWA) that studies
are proceeding to bring the Bonanza Ledge mine to the engineered mine
design stage. Key issues that are being addressed include detailed
geotechnical design of the open pit, ore and waste rock stockpiles,
metal leaching / acid rock drainage (ML/ARD) potential, haul road
design, additional vegetation and wildlife studies, water balance and
surface water management design, and assessment of groundwater
conditions. A public information session was held on November 3, 2004 in
Wells, B.C. to provide details of the proposed mine and solicit input to
help optimize mine design and maximize community benefits from the
project.

The proposed mining activity will involve extraction of up to 70,000
tonnes of mineralized material per year. IWA is working closely with
regulatory agencies to address issues raised in their review of the
initial Application document, or "prospectus" submitted in September,
2004 (see News Release 04-23).

The Bonanza Ledge mine is being developed as a stand-alone project and
is completely independent of the Cow Mountain project that is being
concurrently permitted through the B.C. Environmental Assessment Office.

On Behalf of the Board of Directors

J. Frank Callaghan, President

This news release contains forward-looking statements regarding the
timing and content of upcoming programs. Actual results may differ
materially from those currently anticipated in such statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    International Wayside Gold Mines Ltd.
    J. Frank Callaghan
    President
    (604) 669-6463 or Toll Free: 1-800-663-9688
    (604) 669-3041 (FAX)
    Website: www.wayside-gold.com
    The TSX Venture Exchange has neither approved nor disapproved of the
    information contained herein.