I can feel the power of Gold, Honduras could be our nice chance,
to get this company on its feet.
picked up 2,000 shares,@.26, then a sell @.215.
thats fine with me, I am here to stay, they can sell all they want,
I will be buying,
I see one buy up North for .31 cdn, bid still @.26, size raised 2,000
happy trading.
don't forget Market Cap is only 4,500,000
think about Damoti, and Zopilote.
check this out from 3 years ago,
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
AUGUST 8, 1996
Value of Quest's Honduran Asset Approaches Total Company
Market Cap
RENO, NEVADA--Quest International Resources Corporation and its wholly owned
subsidiary Aurora Exploracion (Honduras) S. de R.L. announced today the
completion of an internal feasibility study on its Zopilote Property in
Honduras. The study concludes that Zopilote contains a minable and
recoverable reserve of approximately 157,000 ounces of gold at an average
grade of .049 ounces of gold per ton. Capital costs to put Zopilote in
production are estimated to be 5 million dollars with cash operating costs
forecasted to be $200 per ounce. This property is expected to result in a
net cash flow from operations over a six year period of 29 million dollars
commencing in calendar 1998. Zopilote is owned 100% by Quest.
During the month of July, two major mining companies conducted a
conservative property evaluation of Quest's Zopilote Project and
confirmed the reserve calculations. Quest is currently preparing
a Request For Proposal (RFP) for a bankable feasibility study
which will be prepared by a reputable outside engineering firm
and pending results will explore options for loan guarantees
which may be available from the World Bank and the International
Monetary Fund.
An application has already been filed for the Environmental
License with the Honduran government which will allow conversion
from an Exploration Permit to an Exploitation Concession.
The Zopilote ore body is still open on one side and has excellent
geologic potential to double or triple in size, according to Don
Gustafson, President Quest International.
Lot's of nice 1 oz gold coins , just laying in Honduras for a lucky comapny to pick them out.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
THAT WAS THREE YEARS AGO< > NOW look,
Standard Mining Corp -
Standard Mining reveals new gold soil anomaly
Standard Mining Corp
SDM
Shares issued 0
1999-09-22 close $0.225
Thursday Sep 23 1999
Mr. Paul Saxton reports
Soil sampling at the company's 150-square-kilometre Zopilote gold property in
Honduras has revealed an extensive new gold soil anomaly. The new anomaly
occurs mainly along the Calpules lineament and is larger than the existing gold
anomaly over the known Zopilote gold deposit that currently has a combined gold
resource of 446,000 ounces of gold. Since January of this year, additional
reconnaissance soil samples have been collected on 100 metre spacing over three
kilometres. Assay results show excellent correlation of anomalous gold values
along liner trends. The Zopilote property lies within the northeast-trending
Motagua gold trend, which encompasses Geomaque's nearby Vueltas del Rio
gold deposit (under development), Greenstone's new San Andres gold mine, and
Glamis Gold's discovery at Cerro Blanco in Guatemala. This gold trend hosts
significant gold resources and reserves. The trend is over 300 kilometres in length
and is only partially explored.
Calpules soil anomaly
Reconnaissance soil sampling has identified a continuous gold anomaly (greater
than 100 parts per billion Au) along the east/west Calpules topographic lineament.
The anomaly is 3,000 metres in length, up to 500 metres in width, and remains
open to the east along the trace of the lineament. Soil values are commonly 200 to
700+ ppb Au with a high value to date of 1.62 grams per tonne Au. Local soils
are thin (15 to 25 centimetres) and rest directly on shattered
quartz-feldspar-muscovite gneiss of the Cacaguapa schist (Paleozoic basement).
The conspicuous Calpules lineament projects across the main access road on the
property where 105 metres of anomalous bedrock (0.3 of a gram per tonne Au)
are exposed. The Calpules lineament represents a large new target and appears
extremely prospective where it locally intersects the northeast-trending Limones
lineament.
Zopilote soil anomaly
Continued soil sampling in the vicinity of the Zopilote gold resource (446,000
ounces Au) has extended the northeast-trending Zopilote gold soil anomaly by an
additional 500 metres to an overall length of 2,200 metres with a width of 150 to
400 metres. Ore-grade gold mineralization is present in numerous drill holes and
surface trenches. Drilling has tested less than 30 per cent of the Zopilote soil
anomaly.
As well, soil sampling at Cerro Caliche has revealed a linear gold soil anomaly that
extends for 800 metres along the suspected contact between gneissic basement
rocks and a local limestone unit. This gold anomaly represents a new geologic
target at Zopilote.
These new anomalies represent a significant opportunity for Standard to increase
its resource base in Honduras. A drill program has been recommended to test
these areas.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
happy trading. |
