Northrich Pacific Ventures NPA:V Message Board

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Gold/Mining/Energy : Northrich Pacific Ventures NPA:V

NPA 122.09

+0.7%

Jan 29 4:00 PM EST

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To: Grant Movold who wrote (7155)	3/28/1998 6:05:00 PM
From: Grant Movold	Read Replies (1) of 7431

Well here is the reason that I got involved in this stock... I found this archived on my computer when I was cleaning up some files. It was from STOCKHOUSE... NORTHRICH PACIFIC - EXCITEMENT IN YELLOWKNIFE ! Northrich Pacific Ventures (NPA:VSE) Shares Outstanding 10.9 million Closed Feb 28 - $0.46 cdn A respected source in Yellowknife (NWT) who must remain anonymous informs us that the word out of Northrich's camp is that they are surface excavating some VERY high grade nickel/cobalt samples on the property. In our opinion the report should be accurate and therefore this could be a critical time for interested investors to position themselves. Assays from new grab samples may be released as early as this week and it is our understanding that drilling will commence shortly thereafter. Usually the best time to get in is before the drills start turning as during this period speculation becomes as exciting as the final drill results. This period however is also very volatile. A critical indicator was reached when on Thursday the company issued a news release stating they had received land use permit #N97C693 which will give them the drilling go-ahead. When they drill the site and if a large, rich ore body is confirmed then the stock will rise dramatically. The lack of a commercially mineable orebody will of course cause the stock fall like a rock. We have seen approximately 3/4 million shares traded in the past four days and we have reason to believe much of this buying is coming from those very close to the company. On Feb 14, the company issued a news release stating "the field crew has located a new massive sulphide zone within the grid area. This zone is weathered, contains nickel/cobalt oxide minerals and is magnetic. The zone has been traced by prospecting for a length of over 400m". We cannot however emphasize enough the importance of understanding that there can be high grade material on the surface with a drill program following that fails to confirm an economic orebody. However, if your prepared to take the risk your odds are definitely better investing in a company owning a site that has strong mineralization on surface. The following is an excerpt from our Jan 24 report... -- UPDATE AT A GLANCE: (Jan 24 - 0.43 cdn) Those of our subscribers who have been with Canada StockALERT since its inception will remember that Northrich Pacific Ventures was one of our first picks. The basis for that choice was a well located site in the Northwest Territories, grab samples with assay readings of 30%+/- nickel, 2%+/- cobalt, and the representations of a highly respect geologist, Glen Macdonald. In addition the site was highgraded back in the late forties for its rich nickel ore. The cobalt in those days contaminated the ore and ran the processing costs to where it was not economical to continue the mining process. Times have changed! -- Please keep in mind that much of the mineralization is contained in stringers and pods (veins) throughout the property and these must continue at depth in order to make it commercially viable. However, should they drill and these massive sulphide deposits continue at depth, they could very well be sitting on a world class deposit. The StockMasters

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