Hello Ed
Out from ITF:
April 7, 2000
Diversifies Its Precious Metal Portfolio
INTERNATIONAL FREEGOLD MINERAL DEVELOPMENT INC ("ITF-TV;ITFMF-L")
- Diversifies Its Precious Metal Portfolio
Further to the announcements dated February 28th and March 29th, the Management of International Freegold Minerals Development Inc. (ITF), is pleased to announce the completion of a strategic commodity evaluation program conducted over the last year. The program focused on Platinum Group Metals more specifically; platinum(Pt), palladium(Pd), and rhodium(Rh) which are trading at US$464/oz(Pt), $564/oz (Pd), $1600/oz (Rh). Consistent with Management's long-standing objective of being a North American diversified precious metal mineral resource and development company, the evaluation program centered on identification of new PGM opportunities for the company within the United States and Canada. This review, has identified a number of highly prospective PGM regions in Alaska which have significant growth potential.
ITF is also aggressively acquiring PGM projects in the Sudbury Mining District. The Sudbury Mining District is currently experiencing one of the largest PGM staking rushes in its history.
International Freegold is a diversified precious metal company focusing on acquiring and developing platinum, palladium, rhodium and gold projects in North America. The company currently has working capital of approximately $1,200,000.00 and over $2,000,000.00 in securities and no debt.
Freegold is listed both on the Toronto Stock Exchange and The Canadian Venture Exchange, and has received 20F clearance in the United States.
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Canadian Venture Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
TOLL FREE: 1-800-667-1870 Harry Barr, Chairman & CEO
E-mail: goldgroup@augoldgroup.com
Website: www.augoldgroup.com
****
Up $0.26 Friday on 1.5 million. Some body knows some thing.
Regards |
