Great News for Echo Bay today. !!!
biz.yahoo.com
XXXXXXXXXXXXXXXXx
The Ulu satellite deposit, located approximately
100 miles north of Lupin, represents the potential for additional mill feed for the site.
XXXXXXXXXXX
It really is to bad, Damoti Lake is not closer, Standard could do a real nice deal with then then.
Royal Oak had owned a mill not to from from Damoti Lake,
they went belly up, will have to ask Paul who got it now.
it was like 12 miles away, and there was talk at one time to mill some ore there.
Well, There is ore stockpiled at Damoti, its all graded in piles, some is like .60 per ton.
Damoti was opened up with a 2 1/2 million project.
The underground decline is 704 ft. The 275 level is 496 ft in length. the 260 level is 186 ft in length.
One zone on the 275 level is 120 ft long 9 to 12 ft wide and averages 1.013 oz/t
this is some high grade stuff folks, thats why I am staying here for the long term.
I called Paul, he is at a meeting, so maybe he will have time to call me today.
hope to find out how stockholders can put some money into company, Ask if there will be a new web site , Updates on Honduras, Damoti lake.
I would like to see a rights offering, maybe a cut off, have to own 1,000. maybe to cut cost of mailing.
sure would like to buy some warrants, good for like 3 to 5 years.
I like the rights offering, because the stock would be with the current holders. not on the market. |
