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Gold/Mining/Energy : Zen Resources
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To: c.r. earle who wrote ()3/12/1998 2:35:00 AM
From: J.D.R.  Read Replies (1) of 26
 
Castro's Gold....the company Terrawest Industries Inc. is the first company to be granted the right to explore for sunken wrecks within Cuba's waters. The company will be profiled on CBC's Broadcast One (One to One) and the Witness news program on Thursday at 8 p.m. Pacific time the program is called "Castro's Gold". The company has signed a profit sharing agreement with the Cuban government with 60% to Cuba and 40% to the Company. They are currently searching a wreck they have labelled wreck 23. The goal is to find Spanish gold ships which are known to have sunk within these waters. The company has begun their searching and appears to be on to something at this wreck 23, hence the news program coverage. The stock currently trades at .30 cdn on the Vancouver Stock Exchange. The area has not been underexplored due to the long US embargo and as such the prospects look terrific.
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