GREENWOOD VILLAGE, Colo., Sept. 25, 2003 (PRIMEZONE) -- Calais Resources Inc. (OTCBB:CAAUF) is pleased to announce that they have recently opened a new Panama corporate office to manage the Company's Latin American mining operations.
The new subsidiary, owned 100% by Calais Resources, Inc., is called Calais Resources Panama and will be managed by a prominent Panamanian Geologist.
About Calais Resources
Calais Resources is a junior gold exploration and development company headquartered in Greenwood Village, Colorado. Calais has proven and probable resources on its Caribou Consolidated District property. Significant exploration potential exists at the three past-producing Calais district properties which include the Caribou Consolidated District, the Nevada Manhattan District and the Faja de Oro District in the Republic of Panama.