OFF TOPIC
Hi Jim
Stockhouse, stockhouse.com just sent this out to their data base. At 9c what do we have to lose:-)
GOLD,COPPER,PALLADIUM AND PLATINUM SELLING FOR 9 CENTS?
AFF AUTOMATED FAST FOODS: AFF/VSE has assembled some of the
finest mineral properties in San Bernadino County, California. One of their
properties had an estimated (not proven or probable and based on
preliminary data and subject to revision) of 770,000,000 pounds of
copper that was stated by the U.S. Bureau of Land Management. There was
also values of gold,silver,molybenum and other metals which could
further enhance the potential of the property/project.
The company plans to undertake a major work program on this property
immediately.
AFF'S PLATINUM/PALLADIUM PROPERTY.
The company is negotiating the acquisition of a major platinum/palladium
mineral property located in Northern Ontario. In view of the
increasingly important role that Platinum Group Metals ("PGM's ) play in
our modern society,management has implemented a program to pursue
opportunities related to platinum and palladium projects. Recent
research by academic and government institutions, including the United
States Geological Survey, the Geological Survey of Canada and the
Ontario Ministry of Northern Development and mines, has shown many
geological similarities, at both a regional and local scale, between the
Noril'sk area of Russia and the Midcontinental Rift System of the
Superior area of northern Ontario and Minnesota.
NEWS RELEASE (PGM's) PROPERTY
AFF Automated Fast Foods Ltd -
50% interest to be acquired in Bulldozer No. 1 property
AFF Automated Fast Foods Ltd AFFShares issued 176378021998-05-19 close
$0.12Wednesday May 20 1998Mr. James Armstrong reports AFF has entered
into an agreement to acquire a 50 per cent interest in the Bulldozer No.
1 property held pursuant to an option agreement by a non-arm's length
party. The property is comprised of six claims covering approximately
960 hectares. The company is also in the process of negotiating the
acquisition of other ground in the area. The Bulldozer No. 1 property,
which has potential to host platinum group metal mineralization, is
approximately 32 kilometres northeast of the famous Hemlo gold camp of
northwestern Ontario. Portions of the property are known to cover an
airborne geophysical anomaly but only limited exploration was ever
performed to determine the cause of the anomaly. During 1997 logging
activity provided much needed access to the property and allowed
prospecting of the area and reconnaissance surveys to be conducted by
the Ontario Geological Survey (OGS). The property is now known to cover
portions of the Bulldozer Lake intrusion, a geologic terrain that is a
promising host for copper - nickel - platinum group metal deposits. This
intrusion, which is most probably of a composite, mafic to ultramafic
nature, is delineated by the prominent, elliptical aeromagnetic anomaly.
Limited exploration in the area has led to the discovery of sulphide
mineralization on the property that appears similar to that of the
Shabotik occurrence approximately five kilometres to the southeast. At
the Shabotik occurrence, sulphide-rich rocks have shown values of up to
3 grams platinum, 1 gram palladium, 1.99 per cent nickel and 2.66 per
cent copper. Although little is known about the Bulldozer Lake intrusion
and the Shabotik occurrence at this time, the OGS has recommended a
thorough investigation of the area for copper - nickel - platinum group
metals deposits. The recent increase in the price of palladium, which
has gone from $120 (U.S.) per ounce at the beginning of 1997 to over
$400 (U.S.) per ounce in recent trading, and the worries about supply
problems from Russia (Russia accounts for approximately 60 per cent of
the world's palladium supply) encourage the company in its quest for
strategic properties which may host platinum group metals deposits.
Palladium is a metal which is vital in making mobile phones, laptop
computers and anti-pollution vehicle catalysts.
For more information, please contact Rick Clements at (604) 462-0147.
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