Making real progress, bid up to .17. info on Damoti,
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: QUEST INTERNATIONAL RESOURCES CORPORATION BERLIN OTC EXCHANGE #867 958, EDV-KURZEL: SDM TO, SDMCF , BB SEPTEMBER 18, 1996 Quest International Resources - Significant Assays at Damoti RENO, NEVADA--Quest International Resources Corporation announced today preliminary gold assay results from its 2.5 million dollar underground exploration program at the Damoti Lake project located in Northwest Territories, Canada. A decline has been completed in the Horseshoe Pyrite zone for a total length of 172 meters and the South Drift on the 275 meter level is complete. Work continues on the North Drift on the 275 meter level. Drifting on the 260 meter level is in progress. The drifts are designed to test gold grades and continuity of mineralization along strike in gold zones previously intersected by surface drilling. One meter samples have been collected and assayed from both walls and the face of the drift. Assay results indicate that the South Drift has a mineralized zone approximately 40 meters long by 3 to 4 meters wide. The significant continuous assay results in this zone, reported in ounces per ton gold from north to south, are as follows: /T/ 0.230 3.202 1.070 0.328 0.766 2.672 0.328 0.484 0.530 0.792 0.158 0.100 0.252 0.366 0.280 0.282 0.116 0.288 3.790 0.244 0.164 10.518 0.652 0.270 0.184 3.090 0.406 1.172 0.292 3.596 0.976 1.428 0.316 1.872 0.760 0.926 0.110 0.186 0.476 0.492 0.848 0.376 0.870 1.100 0.239 0.420 0.120 0.476 /T/ The same sampling procedures are being used in the North Drift. Although complete assay results are still pending, the significant assay results on a second mineralized zone, to date, are as follows: /T/ 0.188 2.241 6.374 1.498 0.294 0.802 0.844 0.476 /T/ Assay results are being verified by a second independent commercial analytical laboratory. Underground drilling is underway to test down dip extensions of the two mineralized zones. Don Gustafson, President of Quest International Resources Corp., says "the results, to date, establish continuity of significant ore grade gold values".
I sure am not selling, great time to buy, no one else is that crazy.
IMO, its still a great speculation, the worst must be behind us by now, it can't get much worst, except to stop trading.
that the down side,
maybe I can pull some out of the hat at 1/4, the beat goes on,
XXXXXXXXXXXXXXXXXXX
maybe this will hell sell their new stock,
investor1.com
Monday's COMEX gold estimated volume was an extremely light 11,000 lots. Total COMEX gold open interest on
Friday edged up 208 to 210,435 contracts, demonstrating light commercial accumulation on a day when gold rose 90
cents, which is bullish, since commercials usually buy only on dips and sell into rallies. An open interest this high
when commercials are heavily net long has always signaled a major short-term rally. COMEX silver open interest
rose 2,274 to 80,003 lots. COMEX gold warehouse stocks fell 50,504 to 819,606 ounces, while COMEX silver
warehouse stocks dropped 134,174 to 73,738,790 ounces, a historic low. The Johannesburg Gold Index closed
Monday morning at 836.1, down 2.3, with the U.S. dollar at 6.0150 rand. On Friday, August 28, 1998, the same day that gold
touched its historic low of $270.50, the dollar peaked at an all-time high of 6.8600 rand. |
