Now would all the people that jumped on my ASS about SVL stand up and take a bow. So do your own DD from now on my friends!! And screw all of you who belly ached as I was honest when I pumped and I was honest when I said why I sold just like all the stocks I talk about here:
stockhouse.ca.
Honduras to cancel Canadian firm SilverCrest's mining concession
7/6/04
TEGUCIGALPA, Honduras, Jul 06, 2004 (The Canadian Press via COMTEX) --
The government is cancelling the mining concession of a Canadian company over allegations that it was exploiting a nature reserve, Attorney General Sergio Zavala said Tuesday.
The action affects the 384-hectare El Ocote concession in weste
rn Honduras operated by Maverick, S.A., a subsidiary of Vancouver-based SilverCrest Mines Inc. (TSX:SVL)
"The Maverick contract now has been annulled because it was exploiting El Guisayote, which is a biological reserve," he told a news conference.
He said that Maverick "did not comply with the contract because it exploited a zone that did not figure into the concession that had been granted."
A SilverCrest director, Barney Magnusson, disputed that allegation in a telephone interview from Vancouver.
"There has been no activity conducted anywhere near that area," Magnusson said. "We had it surveyed. It was bona fide when we filed it (the request for the concession). It was in compliance with all Honduran laws at the time," he said.
Magnusson said the company's Vancouver offices had not received any notification of the Honduran action.
"It's a bit of a mystery to us what they are alleging," he said.
The government decision comes after thousands of local residents, led by Copan Archbishop Luis Alfonso Santos, had protested that the mining activities could pollute local waters and lead to deforestation.
On the Toronto stock market Tuesday, SilverCrest Mines shares (TSX:SVL) fell four cents to 91 cents.
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