Thank you for your explanation of the 300,000 trade. You still did not answer my question on who bougth the stock! Someone knows something that the news releases are not telling us. Excuse my ignorance but this "active Zone" the company keeps telling us about....... is it that significant? I also hear that an airbourne survey has been done.....when will we get to look at that? Mr. Timmins.
P.S. What is the status of the "good gold" prospect?
Dear Mr. Timmins
NAR President Len Taylor bought the 300,000 shares (http://www.nar-resources.com/nar-28jul98.html), and he has options on another big hunk of them; the $$ went into the treasury, where they will be used to keep funding the program into next year.
The 'active zone' is a volcanic rock formation, originally forming the sea-floor, which has been altered and mineralized by hot-spring-like activity. Everythingelse being equal, a massive sulfide deposit is formed within/on top of this formation. If you find the 'active' zone, you're well on the way in your search for VMS Deposits. And don't forget, Falconbridge identified this greenstone belt as one that would host a Giant deposit, like Kidd Creek or the Horne.
I don't think we'll get a look at the airborne anytime soon...Falconbridge keeps the cards close to their chest: we'll be lucky to get a drillhole map of Zveya Creek.
Good Grief! Good Gold area...I'd almost forgotten |
