For under .25 per share, What a Bang for the Buck.
Nice bid up North late, .29 on bid, CDN
.17 on ask is out of line with currency in U S>.........
Just might have to buy some, having a little luck.
Any way, here is an Ideal, Speculation, if they merged with VSE:AQU, Paul and Jim would still be here.
Any way, Honduras, Atlanta asset, ice, Damoti, ( MY PET )
Paul and Jim, they are in mining , thats what we want.
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I don't need no stinking internet. LOL
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In Canada, Skeena's first priority project will consist of diamond exploration on the recently optioned, 132
square kilometer, road-accessible Ice Claims property in the Elkford Valley coal mining district of southeastern
British Columbia (SKE News Release, April 15, 1999). In 1976, Cominco identified the first known kimberlite
body in this district, the Crossing Pipe. Extensive sampling for macrodiamonds (by Cominco, by De Beers, and by
C.F. Minerals) indicated that while the pipe was chemically and lithologically attractive, it was not economic and
the claims were allowed to lapse. In 1993, it was clearly recognized that positive indicator minerals [chemical
composition within the diamond stability field] obtained from stream sediments in drainage of the Crossing Pipe had
been derived from a different source than the Crossing Pipe. In early 1994, the partially exposed Bonus
Kimberlite Pipe was discovered a mere 200 meters distant (up-slope) from the Crossing, and in the following
months, two more kimberlite bodies, the Ram 5 and 6 Pipes, and a set of kimberlitic dikes, were discovered 2
kilometers to the east and southeast. These discoveries were followed up by a high-resolution, helicopter-borne
magnetic and electromagnetic survey (Dighem), by extensive stream sediment sampling, and by mini-bulk sampling
of the 3 now exposed pipes. The samples were inter-mixed as a single batch, then crushed and screened for
macrodiamonds in a plant in Ft. Collins, Colorado with only limited success (a total of 8 macrodiamonds have been
reported to date). A subsequent analysis of the material indicated that perhaps as much as 95% of the sample
consisted of sediments, and not kimberlite. This is demonstrably attributable to the highly weathered, partial
exposure of all three pipes on a very steep hillside; inadequate trenching, mapping, and sampling procedures; and
the subsequent incorporation of significant slough material in the final sample.
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One of the World's Largest Gold Producers Invests in
Vancouver Junior
VANCOUVER, British Columbia, Feb. 11 /PRNewswire/ -- One of the world's largest gold producers, Gold Fields Limited of
South Africa, has acquired 2.1 million units of stock in Vancouver junior Aquest Minerals Corp.
Gold Fields, which produces an average of 4 million ounces of gold per year, is partially funding the development of Aquest's
Anabella gold project in Guatemala. Aquest has already identified a resource of approximately 630,000 ounces in a Carlin-style,
sedimentary deposit that the company believes has the potential to top 2 million ounces. In addition to the stock purchase, Gold
Fields will also underwrite further metallurgical testing, scheduled to begin this month.
The financing will allow Aquest to continue and expand geological mapping and sampling that show gold, antimony and arsenic
values extending over a strike length of 5 kilometres.
Company Chairman Jim O'Rourke, a respected industry veteran whose previous credits include quarterbacking the $140,000,000
Huckleberry Mine, leaves today for Guatemala to meet with Dr. Tom Vehrs and a 16-man geological crew to initiate the second
phase of exploration. The objective is to further confirm an extension to the current ore body that, if verified, could indicate a
substantial bulk-tonnage deposit.
Commenting on the recent rise in the gold price, O'Rourke says, ``We have always believed that gold is undervalued. Because of
this, Aquest has focused on potentially large deposits that are relatively inexpensive to acquire. In this way, we believe we
minimize downside risk to our investors, and offer the potential for shareholders to realize a significantly higher return per share
as in the case of several recent highly-successful transactions.'
Aquest trades on the Canadian Venture Exchange under the symbol AQU-V. |
