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Gold/Mining/Energy : Sun River Mining (SUNR)
SUNR 0.00Jun 10 5:00 PM EST
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To: Jon Matz who wrote (69)10/20/1998 12:01:00 PM
From: Jim Bishop   of 1650
 
It's a river. It's a property. Here's a couple of things that will help you Jon. From the SUNR website:

<On July 31, 1998 Rio Del Sol entered into a letter of intent
with the owners of another prospect near the Challana river in the Tipuani Gold
Mining District. This prospect is currently in production. The Sun River Group
expects to complete an exploration project on the prospect during continued
production. Rio Del Sol will seek to acquire mineral rights to other dry land
prospects in the Tipuani district and elsewhere in Bolivia. Rio Del Sol will hold any
rights the Sun River Group may have to dry land prospects and Aluvion will not
have any interest in them. In the event that mineral rights to a dry land prospect are
acquired by Aluvion, for example as a consequence of Aluvion's acquiring a
dredging prospect, the rights to the dry land prospect will be assigned to Rio Del
Sol. >>

And an RB post:

----------------
By: CIMA
Reply To #128 by Digrdoug
Tuesday, 13 Oct 1998, 11:12 PM EDT
Post # of 189

From what I understand: Guido Paravicini, while in the US this past summer, mentioned three properties in Bolivia that have the potential to
house 200M ozs. or more of gold. One of them is Golden Eagle's Cangalli. Another is along the Peruvian border but is in a complete state of
lawlessness with rival local mafia-like groups mining the gold. An army would have to go in to try and establish order and it would be a
formidable task. The remaining property is the Challana. Sun River has apparently signed a letter of intent on this property and the final
papers are supposedly drawn up. Terry Turner of Golden Eagle reportedly twice approached the coop in question in the past couple of
months to try and secure the property for GE. When told that Sun River already had the property and there's no way they would work with
certain individuals associated with GE, GE was outraged at the thought of SUNR getting this property. That's when mention of the
non-compete with previous employees came up. However, I've been told the employment contracts were broken by GE due to failure to pay
the ex-employees and in addition, the non-compete clause states the ex-GE employees cannot work in the mining industry in either North or
South America. That restriction is apparently unenforceable in court because of the two continents it covers which is deemed unreasonable.
Assuming the above is true (until the rumors become fact in an 8K noone can say for sure) Sun River expects to have the property in
production within three months of a signing and proving reserves as they produce.
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