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Gold/Mining/Energy : gossan resources
GSS 3.900+0.3%Jan 27 4:00 PM EST
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To: John Stokes who wrote (4)5/6/1997 4:23:00 PM
From: John Stokes   of 20
 
CORRECTION ON OWNERSHIP. There is a joint ownership on pipestone
with the Cross Lake Band but they claim this is not a listed company.
CORRECTION #2 There is no joint ownership on the Kiskitto Lake
property. This info from Richard Gunter of Gossan. I will wait for the
package to clarify. Mr. Gunter also stated that pipestone and the
magnesium property are in the feasability stage which generally takes
about a year and they will be negotiating with majors for joint ventures to
help with these costs, over the next few weeks. He also mentioned
another joint venture they have in northern ontario mining TANTALUM.
$25.00 to $40.00 a pound used in conductors and insulators. Only
three mines in the world. The problem is finding deposits with high
enough grades to be economical. I asked him what kind of grades they
had and he told me that that is a secret and he could not give out that
info.
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