hello bob and all:
long time lurker (how could you resist 10 baggers??). that is an excellent release bob. here is a company that i have been following lately (6 months) that has come out with excellent news. this property has yielded up to 6.2% copper on this property. they have enough money to put it in production with tailings the first target. they also will be promoting this one shortly (by monday at the latest). is it a ten bagger by monday? no, but maybe by june 1 of next year.... here's the release, buddy (happy turkey day to the u.s. folk).
November 24, 1998 Symbol: RGA
The company announces that it has commenced a metallurgical review of
the potential for and economics of processing copper ore reserves
located on the Santa Elena property, to be processed at the Company's
wholley owned subsidiary, Regeena Resources Chile S.A.'s nearby
Enriqueta flotation mill. As previously reported on November 3, 1998,
the Company has received a report, based on an exploration program by
ENAMI (National Mining Company, Chile) whereby the surface geology and
interior of the Santa Elena mine was mapped, sampled and analyzed for
copper and gold.
Preliminary analysis of the data contained in the report has indicated
that the Enrequita mill should be capable of processing the copper oxide
ore reserves in the mineralized structure hosting the Pique Norte mine
workings. The Company plans to take a bulk sample from the mine to
evaluate the metallurgy and recovery rates that can be obtained from
the mill to confirm the feasibility and economic evaluation of
processing these reserves.
The Santa Elena property is one of Regeena's four properties located
approximately 80 km north of La Serena in the Atacama desert region
of north central Chile, in a prolific historical copper producing
area. Directly north and adjacent to the Santa Elena is the Marina
property. On the Santa Elena property, there is a hydrothermal breccia
body emplaced along the length of a North-South fault. The breccia
was recognized on the surface for 380 meters and continues to the north
onto the Marina. The company is in the process of negotiating a contract
with ENAMI, similar to the one for the Santa Elena, to carry out
exploration, sampling and mine working development. The examination
of the structure that extends onto the Marina is to be the focus of
the initial exploration effort.
In order to broaden the shareholder base, the Company has filed a
20F registration with the United States Securities & Exchange
Commission. Through obtaining a federal and state registration status,
the Company opens up future shareholder and financing opportunities as
conditions permit." By, Ian D. Lambert, Secretary |
