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Microcap & Penny Stocks : IDCN - gold, garnet, etc.
IDCN 0.000010000.0%Mar 6 3:00 PM EST

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To: Claude Cormier who wrote (1677)8/26/1998 11:11:00 AM
From: Sojourner Smith  Read Replies (1) of 5908
 
I called the NR people in Sudbury and they said they'd
call me back today.
All I have is the PR below which describes the history
and a call I made to the a geologist that only had general information.
The good thing is that this was a producing mine at one time.

__________________________________________

On April 29, 1998,
the company entered in to an agreement to acquire all the outstanding
shares of Prodigy Resources Incorporated of Toronto, Ontario.
Tony Papa of Prodigy Resources Inc. reports that Prodigy holds
acreage in Northern Ontario with over 5,000,000 metric tons of garnet
valued at more than $420,000,000 (USD) and two gold mine properties
with an estimated 250,000 ounces of recoverable gold.
The River Valley, Ontario Garnet Property of Prodigy Resources
Inc. is located in Dana Township, about 40-km north of Sturgeon
Falls and 10-km north of the village of River Valley. The property
is between the cities of North Bay and Sudbury. River Valley is
70-km from North Bay and 88-km from Sudbury. A railroad passes
through River Valley. The property is reached by traveling 3-km west
from the town of River Valley then 10-km north on a gravel/bush road.
The property consists of three mining claims, each being
approximately 40 acres for a total area of 120 acres. The mining
claim numbers are 1076837, 1077279, 1076849.
Work was performed intermittently for a number of years during
World War II. The Niagara Garnet Company operated the deposit from
1943 to 1949. By 1949, camps had been erected and equipped with
compressor drills, a crusher elevator and picking table. A mill was
erected at Sturgeon Falls. The Niagara Garnet Company sank an
18-foot deep and 75-foot long pit. The Industrial Garnet Company
mined the deposit in 1950. Cubar Uranium Mines Limited acquired the
property and performed overburden stripping, cleaning, test sampling
of the deposit, and also did some market investigation of the
product.
In 1969, the Rivale Mining Company acquired the property from the
successor to Industrial Garnet. Rivale explored the property by
bulldozing off the overburden and then cleaning the bedrock surface
with a high-pressure fire hose. Some 1,000 square feet of
garnetiferous bedrock was exposed and cleaned off. Rivale was in the
process of preparing the site for mining operations. Their
operations were halted due to Indian Land Claims.
The area was enclosed within the Temagami Native Land Claim area
that opened during September 1996 after being closed during a 23-year
land freeze. The land freeze prevented mining exploration or
development in a 617,500-hectare area between Sudbury and North Bay.
The company acquired the property when the land reopened.
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