Here's a copy of one of the latest recommendations out from Yorkton as well...
Yorkton Securities - Diamonds in Alberta
by: Art D. Ettlinger and Douglas A. Leishman,
Mining Analysts, Yorkton Securities
Vancouver, B.C., February 6, 1998
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Mount Hope Resources Corp. (MH-ASE)
YH $1.70 YL $0.38 Curr $0.75
9.3 million shares o/s
Treasury $0.50 M 3.2 million acres
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Mount Hope has 100% interest in 3.2 million acres of land in northern
Alberta. Based on current understanding, their most prospective
property lies immediately outside of the northwest margin of the
Buffalo Head Terrane. A 1997 high resolution airborne magnetic survey
covering 500,000 acres in this area has identified over 20 magnetic
anomalies potentially related to kimberlites. Many of these anomalies
are closely grouped in a cluster, which is a common characteristic of
kimberlite intrusions. The company has more recently completed a more
detailed, 100m line- spacing, magnetic survey over the 12 square km
anomalous region and plans to initiate ground surveys over the most
prospective anomalies early this year. Unlike some of the other
landholdings in this region, till thickness underlying much of this
block appears to be light, which will greatly assist their exploration
program.
Elsewhere in Alberta, the company has two property blocks along the
north and south shores of Lake Athabasca in the far northeastern part
of the province. This area is not known to be highly prospective for
diamonds, however if the work by Lytton and Birch Mountain on their
Athabasca permit is successful, then an increase in diamond
exploration activity can be expected in this area.
Mount Hope has acquired the services of George Read to guide their
exploration. Mr. Read has over thirteen years of diamond exploration
experience and has worked for DeBeers, Anglo American Corp. And
Monopros. To assist in the interpretation of geophysical data, the
company has retained Bruce Counts, a consulting geophysicist with 5
years of diamond exploration experience in the Northwest Territories
while working for BHP Diamonds Inc. The combined diamond exploration
experience of these two individuals will prove invaluable in the
interpretation of potential kimberlite anomalies and when designing
and exploration program to test these anomalies.
We are recommending Mount Hope for purchase by the speculator as an
opportunity to gain exposure to prospective lands outside of the BHT.
The exploration experience of George Read and Bruce Counts, and the
company's relationship to the successful management team of Nevsun
Resources will give this junior company a better than average chance
for success in Alberta.
Please visit the company's web site at:
mount-hope.com
For further information please call: 1-888-923-7733 |
