Ali my reason to post doubt on the downhole , June 12/00 Under Confidentiaity Agreement with Flag, Inco Limited (NYSE) took representative samples on Rathbun Lake, deal soured, they did'nt deliver all 22 pulp and rock grab samples taken, to date we've only seen 5..I've got this feeling Inco still has a hate on becuase of this broken agreement, they want a bigger piece then they deserve and they want it free??
Then October 25, 2000 Flag hires a Geophysics company with huge ties to Inco, this is called the sqeeze play.
Drilling Update - Flag Resources
CALGARY, Oct. 25 /CNW/ - Flag Resources has engaged Lamontagne
Geophysics, to complete a down-hole geophysical probe of CH 92-1, a 2900 foot
deep vertical drill hole, in Mackelcan Township, near the northern perimeter
of the Wanapitei Anomaly.
CH 92-1, located on what has been called "Cobalt Hill", intersected
significantly anomalous values in nickel, cobalt and gold, and variously
anomalous values in copper, platinum and palladium. There is extensive
albitization in the drill core. The mineral concentrations were detected in a
large pyritic, albitized quartz breccia and micro breccia zone in Huronian
sediments overlaying the Wanapitei Anomaly. CH 92-1 is due east of Jess Lake,
and the site of Flag's recently completed drill hole.
Flag notes the drill hole is in what appears to be the only surface
occurrence of cobalt in the area. Cobalt is commonly associated with nickel in
the adjoining regional magnetic and gravity anomaly to the Wanapitei Anomaly,
the Sudbury Anomaly.
Flag reports that it is commencing its appeal to the Mining and Lands
Commissioner, in regard to a Provincial Mining Recorder's ruling which would
delete part of Claim 809104, located in Rathbun and Scadding Townships. Flag
is also endeavoring to resolve the dispute more quickly.
A newspaper article, on the recent discovery on the claim, reports Flag's
president as saying, there was a rich deposit of minerals, on the claim. Mr.
McLeod says what he did say was that a representative grab sample, from the
new discovery, had good values in nickel, copper, gold, platinum and
palladium.
The Canadian Venture Exchange has neither approved nor disapproved the
contents herein.
-30-
For further information: Murdo C. Mcleod,
This is where we are today, waiting for something that has been completed by someone who may have different ideas. 2 years and we've heard squat about these hired hands, what gives they forget how the process works??? |
