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Gold/Mining/Energy : Clear Creek Resources - CK/VSE
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To: Craig Jones who wrote (71)3/20/1998 11:49:00 AM
From: Ruby  Read Replies (1) of 150
 
Do people not read news releases any more? If you read between
the lines, it should be apparent that CK has a diamond deposit
on their hands. If we were in a better mining market, and
management were better known, we would have a $2-$3 stock
today. This spells opportunity for those following this play
at this stage.

Ruby

Testing program begins on Postma

Clear Creek Resources Ltd CK
Shares issued 3,251,001 Mar 18 close $0.70
Thu 19 Mar 98 News Release
Mr Wade Dawe reports
Clear Creek's due diligence investigation of the Postma kimberlite project
is now well underway under the supervision of its South African geologist.
The company has an option to purchase the property and the site equipment.
Numerous repairs and improvements were implemented on the earth moving
machinery and processing plant prior to beginning the testing program.
Testing of the Postma kimberlite pipe itself has just begun. Eleven carats
of diamonds, including four stones in excess of one carat, were recovered
on the first day of processing. No statistical data on grades can be
deduced at this stage because of the small volume of kimberlite processed
and the fact that the pans, which still contain diamonds from the first
batch, have not yet been cleaned. Further bulk testing of the kimberlite
will continue for several weeks and investigations will soon begin to
determine the full surface area of the pipe.
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