Finally, maybe Diamonds in our future.
I am buying a diamond ring for the wife, so that is one for sure.
Skeena announces financing.
SKE got some cash, so they will have money to spend on ice property, find
some diamonds, that would sure help.
IMO ,it was a hard decision to make, 1 for 5, but things are so bad, you might as well
get it over with and do it. I sure have not lost a penny YET. they are still trading, Paul
has 500,000 good reasons to keep it going,
( like my dad said, you never lose till you sell, or make money till you SELL. )
I really like the ideal of less stock out, so am really long term bullish, gold will come
back, I sure dont know when, but this company has a few nice assets. I am going to just
keep adding to my stock.
and Standard is getting Skeena stock,
PARTY, its not over yet.
XXXXXXXXXXXXXXXXXXX
maybe Standard can get some money from them.
bmts.bc.ca
Option agreement on claims in British Columbia.
Mr. Ronald K. Netolitzky, Chairman of Skeena Resources Limited, and Mr. Paul Saxton, President of Quest
International Resources Corporation, are pleased to announce an option agreement whereby Skeena may earn up
to a 75% interest in Quest's Ice Claims located in the Elk Valley of southeastern British Columbia. The principal
target is diamonds. Terms of the agreement, which is subject to regulatory approval, call for exploration
expenditures of $750,000, cash payments totaling $150,000, and the staged issuance of 500,000 common shares
of Skeena Resources Limited in order for Skeena to become fully vested. Skeena will be the operator. A finder's
fee is payable to a non-related party in respect of the agreement.
The road-accessible Ice Project consists of 529 claim units covering an area of approximately 132 square
kilometers on the west side of the Elk Valley immediately west of the coal mining town of Elkford.
Quest International began exploration for diamonds on the Ice Claims in 1993 and has expended approximately
$1,300,000 on investigations including a helicopter-borne magnetic and electromagnetic survey (Dighem). The
original goal was to follow up anomalous diamond indicator minerals obtained from stream sediment samples in
the vicinity of, but demonstrably not derived from, the well-known Crossing Creek Kimberlite. In 1994, Quest
were successful in delineating three new kimberlite pipes, all exposed in road-cuts (the Bonus, and the Ram 5 and
6 pipes) and a kimberlitic dike.
During the fall of 1998, hand-selected material from the three exposed pipes was acquired and is currently
warehoused in Cranbrook, B.C. These samples will be analyzed for their microdiamond content by caustic
dissolution as soon as is practical. Additional field follow-up of coincidental airborne magnetic/resistivity anomalies
and positive indicator mineral anomalies in stream sediments is scheduled to commence in June, 1999.
For further information, please contact Rupert Allan at tel: (604) 684-8725.
On Behalf of the Board of Directors
SKEENA RESOURCES LIMITED
J.R. Allen, President
The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein.
For additional |
