Channel Resources (CHU T) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Channel Resources (CHU T)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Stokes who wrote (20)	7/4/1998 6:27:00 AM
From: Bobby Yellin	Read Replies (1) of 29

dumb! sorry...I have been overtired lately and that is just another example..will try to check out viceroy..getting more confused.. still resisting it is a done deal..I don't own eet and haven't seen who is on their board.. why if done deal did Viceroy put this out in their financial review.. I am so confused! "Ihannel Resources Viceroy owns 28.5 per cent of Channel Resources which has established a large land holding spanning 10 permits and totalling 9,092 square kilometres in prospective greenstone belts in Burkina Faso, West Africa. Current emphasis is on the Bombore permit where over 9,000 metres of drilling completed during 1997 identified gold mineralization over a 14 kilometre strike length in seven zones. Follow-up exploration is planned for all permits in 1998. Viceroy has the right to earn a 60 per cent direct interest in the Bouroum permit by financing $2.3-million of exploration work and completing a feasibility study. Financing obligations have been met and work to complete the feasibility study is under way. A geologic resource of 536,000 ounces of gold has been defined in the F-12, Welcome Stranger and Bissinga deposits. A 1996 geochemical sampling program identified several anomalies that warrant exploration. A scoping study completed in 1997 estimated mineable and geologic resources, capital expenditures and operating costs associated with potential mining operations at the permit. The study concluded that heap leaching as a low cost method of recovery was not viable and that higher cost alternatives were not economic. Follow-up work will evaluate the potential for defining additional resources on the property. " that was released by viceroy on june 16... what does "lock up" mean..done deal? Financial bobby

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next