SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Wolfden Resources YWO.CDNX
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Pete who started this subject1/29/2002 1:50:00 PM
From: Pete   of 83
 
YWO does deal with Bema Gold!!
----------------------------------------------------

Wolfden to JV Monument Bay property with Bema
Wolfden Resources Inc YWO
Shares issued 14,672,171 Jan 28 2002 close $.350
Tuesday Jan 29 2002 News Release

Mr. Ewan Downie of Wolfden reports
BEMA GOLD TO JOINT VENTURE WOLFDEN'S MONUMENT BAY PROPERTY
A letter of intent has been signed with Bema Gold, whereby Bema will have the option to earn up to a 70-per-cent interest in the Monument Bay gold property located in northeastern Manitoba.
Bema can earn up to 70 per cent of the property in two stages. The initial 51 per cent can be earned by spending $3-million in exploration by Dec. 31, 2005, and making annual payments to Wolfden of $50,000. The remaining 19 per cent can be earned by spending an additional $3-million in exploration and making payments to Wolfden totalling $150,000. An initial payment of $25,000 and 150,000 common shares of Bema will be made upon signing of the formal option agreement.
The company believes that having Bema as a partner at Monument Bay will greatly enhance the exposure of this highly prospective property. Bema recently commenced production at the high-grade Julietta gold and silver mine in Russia, showing its ability to develop high-calibre gold mines. Monument Bay is a premier undeveloped Canadian gold prospect and Bema has the credentials to advance the project efficiently and effectively.
Exploration at Monument Bay will begin in the near future with diamond drilling planned for mid- to late February, 2002.
WARNING: The company relies upon litigation protection for "forward-looking" statements.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News