Dynamix Corp (DYX was Dakota Resources, DAK) Message Board

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Gold/Mining/Energy : Dynamix Corp (DYX was Dakota Resources, DAK)

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To: Donald F. DeKold who wrote ()	10/6/1996 11:25:00 PM
From: Benjamin Ng	of 587

I've included the October 4 news release for DAK-A, in case any readers here have not seen it. It came out around market closing on Friday. News seems really positive. I'm not sure if the price increase is being held back by such things as the delays in CLL's value explosion, but it looks like this company is worth establishing a position in, for those that haven't done so. Any thoughts on short and long term values? ================ Dakota Resources Limited - News Release Acquisition of 300 hectare claim, Mexico Dakota Resources Limited (DAK,A) Shares issued 16,079,587 Oct 3 close $0.50 Fri 4 Oct 96 Mr J. Robert Bateman reports the company has completed negotiations to obtain title to a 300 hectare claim in Chihuahua in Mexico. The Porvenir property is the first in what the company expects to be many acquisitions of high-grade properties in Mexico. Based upon information from a local geologist, the property contains commercial quantities of gold and silver. The company expects to complete a formal agreement by October 15 and will then be in a position to commence operations to reopen and work the existing mine. In addition, the company plans to explore, the promising sites that are adjacent to the above mentioned deposit. The company is presently negotiating a unique contract with a geological consulting firm which is expected to be finalized shortly.

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