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 : X-CAL RESOURCES (TSE:XCL)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: John Sladek1/28/2006 9:05:55 AM
   of 225
 
2006-01-19 Clarification

In response to questions about X-Cal’s press release of January 19,

2006 entitled “Placer Dome Returns Mill Creek to X-Cal, Drill Test Inconclusive”:

“The agreement which was referred to in the press release was a “short fused option to purchase”, not a “joint venture” (see X-Cal Press Release dated June 29/05 for details of the agreement).

During a limited time frame, two holes were drilled which did not reach target depths, nor were they in the locations outlined in X-Cal’s Press Release dated July 11/05 which describes the Mill Creek targets. The locations available for drill sites were limited due to permit constraints.

In short, sufficient data to justify exercise was not obtained during the option.

X-Cal has been processing a permit which will give much more room to move on the property and will continue exploration pending outcome of the permitting process.”

Full Story: x-cal.com
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