Chapleau Resources :VSE>CHI Message Board

STOCKTALK

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 : Chapleau Resources :VSE>CHI

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wil Girney who wrote ()	11/5/1997 3:07:00 PM
From: Ashok Parekh	Read Replies (1) of 118

Last two press releases, Oct 14 and Oct 31 they sent to me. PRESS RELEASE The Company is pleased to announce that it has arranged a private placement in its capital stock of 550,000 units at a price of $0.70 per unit. Each unit is to consist of one (1) flow through share and one (1) non-transferable warrant to purchase one (1) share at a price of $0.85 in year one and $1.25 in year two. Total proceeds will be used for the Company's Shingle Gulch and Sewell Brook properties in New Brunswick. Eric Wiltzen President Oct.30 WHITE KNIGHT RESOURCES AND CHAPLEAU RESOURCES LTD. JOINT PRESS RELEASE NEWS RELEASE October 30, 1997 Gold Zone Continues to Expand at Indian Ranch Vancouver, British Columbia - White Knight Resources Ltd. (VSE-WKR) and Chapleau Resources Ltd. (VSE-CHI) Step out drilling from the previously announced 435 foot intercept of 0.017 opt gold in Hole 97IR-3 has extended gold mineralization laterally in all directions and to depth. Ten holes have been drilled into the gold zone this year and assays have been completed for six of these holes as follows: Previously Released September 17, 1997 Feet Opt Gold From To 97IR-3 435 0.017 235 670 includes 25 0.03 250 275 10 0.041 365 375 25 0.044 545 570 This Release Feet Opt Gold From To 97IR-9* 600 0.017 225 825 includes 375 0.022 235 610 35 0.0469 390 425 10 0.073 565 575 97IR-11 20 0.012 355 375 97IR-14 205 0.012 225 430 includes 10 0.033 315 325 and 25 0.011 480 505 97IR-15 45 0.011 75 120 and 20 0.019 280 300 15 0.016 630 645 10 0.017 680 690 Feet Opt Gold From To 97IR-16 520 0.015 160 680 includes 40 0.032 230 270 10 0.037 370 380 1996 Results From Zone 96IR-10 80 0.012 280 360 * 97IR-9, a twin of 97IR-3, was drilled an additional 160 feet and bottomed in gold mineralization Gold mineralization has been extended over an area measuring 250 feet by 400 feet and to a vertical depth of 755 feet. The zone remains open to expansion in all directions. Management is very encouraged with the lengthy and uniform nature of the gold mineralization. Although results to date are not of economic grade, they are consistent in grade and dimension with mineralization surrounding many of the large Carlin type gold ore deposits in Nevada. Twenty holes have now been completed on the property. Results from the remaining four holes are expected within the next two weeks at which time a more comprehensive news release will follow. On Behalf of the Board of Directors On Behalf of the Board of Directors WHITE KNIGHT RESOURCES LTD. CHAPLEAU RESOURCES LTD.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next