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Gold/Mining/Energy : Canabrava Diamond

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To: Robin Peterson who started this subject	9/26/2000 1:54:22 PM
From: Lazarus Long	Read Replies (1) of 2402

Lundin confident Canabrava will find diamonds Canabrava Diamond Corp CNB Shares issued 38,070,506 Sep 25 close $0.80 Tue 26 Sept 2000 In the News In the September issue of Gold Newsletter, Brien Lundin says investors should buy Canabrava (65 cents) and put it away, with confidence of excellent chances for a major discovery in due course. Mr. Lundin notes that Ontario has become a hotbed for diamond exploration and Canabrava is the leader in the search for the next big discovery. The excitement is being fuelled by DeBeers and its aggressive exploration program which includes a 10,000-tonne bulk sampling program on its Victor Pipe. CNB has an extensive property position in the area of the pipe with drilling planned for this fall. Navigator Exploration Corp. is earning 50 per cent by spending $1.75-million over two years. Canabrava has also staked a large position northeast of Lake Superior. Kennecott is earning 60 per cent by spending $25-million or advancing the project to production. The company is also a leader in the search for diamonds in Brazil. In both the May ($1.34) and June (90 cents) issues, Mr. Lundin expressed his confidence in Canabrava's finding diamonds and recommended buying.

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