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Gold/Mining/Energy : Canadian Golden Dragon (V.CGG)
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To: Mohammed Bhimji who wrote (114)1/6/2000 12:45:00 AM
From: dave brown   of 125
 
Field work commencing in prep for a winter drill program. Remember CGG have half the number of shares outstanding than EWR, so we should theoretically trade at twice the price.

Canadian Golden Dragon Resources Ltd -

Canadian Golden Dragon geophysical surveys
under way

Canadian Golden Dragon Resources Ltd
CGG
Shares issued 11,466,593
2000-01-04 close $0.08
Wednesday Jan 5 2000
Mr. Ken Crosby reports
Ground magnetic and induced polarization surveys are being completed this week
on the McIvor magnetic anomaly in preparation for selection of drill targets. This
property is located within the Nipigon Plate area, however, exposed Quetico
rocks in the immediate vicinity of the property suggests this anomaly is caused by
a Quetico-type pyroxenite-gabbro body more similar to the Lac des Iles intrusion
that hosts North American Palladium's 94.1-million-tonne palladium, platinum,
nickel-copper-gold mine.
Ground magnetic survey results to date suggest the McIvor body is 60 metres to
8000 metres in diameter, similar in size to the "Eastern Gabbro" at Lac de Iles. IP
surveys will be completed this week, which will assist in mapping alteration and
disseminated sulphide zones within and at the margin of the intrusive body.
The McIvor property is jointly held by East West Resources (50 per cent) and
Canadian Golden Dragon Resources (50 per cent). Both companies are jointly
working on three other nearby properties called Hele, Disraeli, and Seagull.
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