Put me down for Buffalo Diamonds YBU.u had news out in ALTA a few days ago, one of those DOT "U" stocks that trades in US Dollars so can I get 50 % more shares in the contest>? Hummne.
Chucka Marsh 6 cents US is it have no clue help me here
u do the math: ( A few days it was a WEEK ago LOL oh well put it in, I shoulda picked JABA again LOL)
buffalodiamonds.com
Mar 02 - 17:38:46 Pacific - Trade times are local to the exchange. News times are Pacific. Bid/ask/vol sizes in thousands. Sym-X Bid - Ask Last Chg % Vol $Vol #tr Open-Hi-Lo Year Hi-Lo last trade News delay
YBU.U - V 11.0 0.06 · 0.07 50.0 0.06 +0.01 20.0 30.0 1 1 0.06 0.06 0.06 0.18 0.02 Mar 1 13:40 Feb 22 15 min RT 2¢
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Date Type Headline
20020222 13:32 YBU - News Release Buffalo and New Claymore grant option to BHP Billiton
Last 1 trades today Time X Price Chg Vol Buyer Seller
13:40:06 V 0.06 0.01 30000 2 DS 2 DS
Buffalo Diamonds Ltd - News Release
Buffalo and New Claymore grant option to BHP Billiton
Buffalo Diamonds Ltd YBU
Shares issued 16,519,450Feb 22 2002 close $.050
Friday Feb 22 2002 News Release
Mr. Douglas Turnbull of Buffalo Diamonds reports
BHP BILLITON OPTIONS CALLING LAKE AND VARLAAM DIAMOND PROPERTIES
Buffalo Diamonds and New Claymore Resources have granted to BHP Billiton Diamonds Inc. an option to acquire up to a 70-per-cent interest in their Calling Lake and Varlaam diamond properties, which cover 618,000 acres in north-central Alberta.
In order to acquire a 51-per-cent interest in the properties, BHP Billiton must spend a minimum of $600,000 on exploration of the properties by Aug. 31, 2003. BHP Billiton can earn a further 9-per-cent interest (60 per cent total) by incurring all expenditures required to complete a bulk sampling program of not less than 50 tonnes on any kimberlite body or other diamond-bearing host rock type located within the properties by Aug. 31, 2006. BHP Billiton can earn a further 10-per-cent interest (70 per cent total) by completing a feasibility study on any kimberlite body or other diamond-bearing host rock type located within the properties by Aug. 31, 2011.
Buffalo and New Claymore have also agreed that their interests in both properties on exercise or termination of the option will be 65 per cent Buffalo, 35 per cent New Claymore.
To date, 66 G10 pyrope garnets, a single macrodiamond and a complete suite of other indicator minerals have been recovered from till, river and beach sediment samples collected on the Calling Lake and Varlaam properties. The quantity and chemistry of the kimberlite and diamond indicator minerals recovered from the properties suggest a proximal diamond bearing kimberlite source. The highest concentration of indicator minerals, including 60 of the G10 garnets, were recovered from beach sands on the west and southeast shores of Calling Lake. These results prompted Buffalo to initiate a drill program that tested 10 significant magnetic targets in and adjacent to Calling Lake in the spring of 2000, the results of which are pending.
The Calling Lake and Varlaam properties are located approximately 200 kilometres southeast of the Buffalo Head Hills project of Ashton Mining of Canada, EnCana Corp. and Pure Gold Minerals. Ashton and its joint venture partners have identified at least 36 kimberlites on the Buffalo Head Hills project including the K252 kimberlite pipe. The K252 kimberlite pipe is reported to have returned an average diamond grade of 55 carats per hundred tonnes from a 22.8-tonne minibulk sample. Ashton has reported that a drill program is under way on the Buffalo Head Hills project to drill test geophysical anomalies similar to K252 and that an additional six delineation drill holes are planned for the K252 pipe.
(c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com
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