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Gold/Mining/Energy : Flag Resources (FGR.A A)

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To: ali who wrote (2555)3/4/2000 9:03:00 PM
From: Natedog  Read Replies (2) of 4269
 
Im doing more DD and am just thinking openly :-) Im also posting some old release thatI feel are very important. I think everybody should re-read them all!

The first thing that pops into mind is certainly this from awhile back!! Qwack QWack

Flag Resources (1985)Ltd -

Flag and Golden Briar sign confidentiality agreement with major company

Flag Resources (1985) Ltd FGR.A
Shares issued 13,030,165
Tuesday May 25 1999

Mr. M.C. McLeod reports:
Flag Resources has signed a confidentiality agreement, with a major mining company pertaining to its large Wanapitei anomaly holdings, Sudbury, Ont. Samples have been taken of the rock hosting the rich platinum, palladium, nickel, copper, gold and silver surface lens of massive sulphides in gabbroic rock, at Rathbun Lake, Rathbun Township, Wanapitei anomaly, to ascertain whether the rock chemistry is similar to the host rocks of the ore deposits of the adjoining Sudbury anomaly. Assay results should be available shortly.
Two miles east, at Matagamasi Lake, Flag and Golden Briar have discovered widespread disseminated platinum, palladium, nickel and copper mineralization, in Gowganda sediments, confirmed by three drill holes.
Analysis of the drill core indicates the mineralization did not originate in the sediments, but migrated from an underlying mineralized igneous intrusive body. It is the first evidence of a near surface igneous intrusion, in the western sector of the Wanapitei anomaly, which has been the target of exploration in the 54-mile-long anomaly, the twin adjoining magnetic and gravity anomaly to the 36-mile-long Sudbury anomaly.
Flag and Golden Briar are drilling for the indicated igneous intrusive body by deepening the original vertical discovery hole from 2,500 feet to below 3,000 feet.
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