Subject: J Taylor's Hotline Headlines for Week ending 9/13/97
The following is a summary of J. Taylor's Gold & Gold Stocks weekly
hotline message for the business week ending September 12th, 1997. This
message is recorded every Saturday evening at 6:00 PM Eastern Standard
Time, unless otherwise noted and it is available in its entirety by
telephone to all paid subscribers to J. Taylor's Gold & Gold Stocks
newsletter. Subscription information is provided at the end of this
message.
Anyone who would like to receive a copy by email weekly can contact keith@kjmcap.com and ask to be added to the Jay Taylor Weekly Update Email List.
THIS WEEK'S STOCK PICK
This week I am recommending purchase of a company who's shares are
trading at a mere $0.13, but that in my view has the potential to sell
for at least ten or twenty times this level. The company owns patents
and proprietary processes that can assist and speed up the process of
toxin drug screening, steroid detection, genetic screening, forensic
medicine, and it has widespread applications in numerous other
industries such as the pharmaceutical, food, petroleum, chemical and
precious metals recoveries. The application to the recovery of precious
metals is the main reason this company is of interest to J Taylor's Gold
& Gold Stocks.
HEADLINE NEWS FOR EXISINT RECOMMENDATIONS
Altavista Mines announced that its pre-feasibility study which is now
underway has revealed a current resource of 150,012 ounces of gold on
the company's Santa Ana property in northwestern Quebec. Call Roger
Desloges for additional information at (416) 368-5115.
Canarc Resource Corp announced that gold production from its Sara Kreek
Gold Mine in Suriname increased to 2,051 ounces during the first six
months of this year. That's a 4 fold increase over like production
during the same period last year. Production this year is expected to
increase to 4,500 ounces and full production is expected to reach 8,000
ounces per year by 1998. Canarc's telephone number is (604) 685-9700.
Formation Capital's stock moved significantly higher this past week on
news of some very high grade cobalt, copper and gold assays on the
company's Sunshine property in Idaho. Call the company for additional
information at (604) 682-6229.
Golden Kootenay Resources announced that it is now taking initial orders
for the garnet abrasive agent known as Garblast. telephone number :
(604) 684-6117.
Ican Minerals announced that Canmex Minerals will not be joining itself
and Laminco with the previously proposed combination of the three
companies. However, Ican and Laminco will continue to proceed to
complete a business combination of the two companies. Tel (403)
232-6829.
International Precious Metals announced this past week that its
independent verification program has been expanded to include platinum
group metals in addition to gold. Bateman Engineering Inc. has been
engaged by IPM to assist in the independent verification program,
particularly in the auditing of the platinum group metals. This
expansion of the verification program will take more time but will
result in a more complete evaluation of the company's Black Rock project
and precious metals recovery process. Bateman has been working in
concert with Behre Dolbear & Co. on independent verification, and
incorporates dual reports by Behre Dolbear and Bateman Engineering. With
regard to the long awaited results, management says that it expects to
now have them available by the end of this month. Call the company in
Phoenix at (602) 414-1830.
Jordex Resources announced that results from an initial trenching
program on the eastern portion of the Pontes E Lacerda property in
western Brazil. An 80 meter zone of stockwork quartz veining in was
exposed and channel samples revealed an average grade of 0.033 oz.
gold/ton. A narrower zone measuring 21 meters averaged 0.09 oz.
gold/ton. Tel. (604) 682-3030.
Kilo Gold Mines and Proprietary Energy announced that they have
received very positive results from samples taken in the previously
announced field work on the Chocolate Peak Copper Property in New
Mexico. Kilo Gold owns 25% of this property and Proprietary Energy holds
a 75% stake. Both companies can be reached at (403) 266-6364.
Lyon Lake Mines announced this past week that its Beta Vargas mine in
Costa Rica is now in operation. In the coming weeks, 30,000 tonnes of
ore will be placed on the leach pad and the current 500 tonne per day
level of production will be pushed up to 750 tonnes per day. Call Roger
Desloges for additional information at (416) 368-5115.
Nevsun announced that it has received initial trenching results from its
Kubi project in Ghana. The numbers were quite impressive as the 7 holes
reported scored from a low of 0.012 oz. gold/ton over a 37.5 meter
interval to a high of 0.41 oz. gold/ton over a 3 meter intervale.
Paramount Ventures announced the discovery of significant extensions to
the known gold mineralization to the south of the main Gunung Pani gold
prospect in Indonesia. Gold assays from a recently completed grid soil
sampling program indicates that five new areas of gold mineralization
have been discovered adjacent to the known mineralization zone. These
gold -anomalies range from 0.016 oz. gold/ton to a high of 0.21 oz.
gold/ton. Call the company for further information at (604) 687-1334.
Virginia Gold announced its first sampling results from the 1997
summer-fall exploration program which is jointly conducted with Noranda
on the La Grande Nord property. Some very high silver and copper and
cobalt values were reported from grab samples. Tel: 800-476-1853.
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