I hope so, I almost took a nibble at PCCC as well. Did you happen to see this, it just makes me want to run out and BUY BUY BUY!
Wednesday February 3, 9:40 am Eastern Time
Company Press Release
Levelland Energy & Resources Ltd. Secures Claims in Significant Rich
Nickel
Discovery Area
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 3, 1999-- Levelland
Energy & Resources Ltd. (LVL.V), a junior resource
company actively involved in the business of mineral exploration
throughout the world, Tuesday announced that it has staked 106 mineral
claims
(approximately 4,200 acres) in the Lae Rocher region of Northwest
Quebec. Lae Rocher is the site of a large nickel/copper discovery
announced by Nuinsco Resources Ltd. (Toronto:NWI - news).
Recently, Nuinsco reported a discovery hole with nickel values of 10.8%
over 3.2 metres (10.5 feet) at the base of the hole and 3.68% over 19
metres (62.3 feet) within a longer section of 37 metres (121.4 feet)
that assayed 2.47% nickel. Levelland's ground is approximately 16 miles
to
the northeast and on trend to the discovery.
While resource companies have been overshadowed by Internet stocks such
as Amazon.com , Yahoo (Nasdaq:YHOO - news), Excite ,
Netscape , America Online , EBAY , E-Trade Group , AmeriTrade Holding ,
Lycos , uBid , Geocities , and theglobe.com , Levelland Energy
& Resources has been searching for value properties and preparing the
company for the inevitable turnaround in the mining sector.
''We are excited and regard this result as a new and very significant
discovery in a region that has received very limited exploration,''
stated
Levelland Energy & Resources Ltd. President Don Coates.
Previously, the largest nickel reserves were discovered by Diamond
Fields International (Toronto:DFI - news) in Boysey Bay with values of 2
percent. The Lae Rocher region in which Levelland's claims are located
appear to have substantially greater values.
With current market prices of nickel being $1.93 per pound, a 200 pound
valuation would equal $386 per ton. ''These very encouraging results
require a full evaluation of the economic potential of the discovery and
the best strategy for continued work,'' stated Coates.
Statements in this news release may contain forward-looking information
within the meaning of Section 27A of the U.S. Securities Act of 1933
and Section 21E of the Securities and Exchange Act of 1934, and is
subject to the safe harbor created by these sections. All statements,
other
than statements of historical fact, included in this release, including,
without limitation, statements regarding potential future plans and
objectives
of Levelland Energy & Resources Ltd. are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results, and future
events could differ materially from those anticipated in such
statements.
Levelland Energy & Resources Ltd. assumes no obligation to update
information contained in this release. S.E.C. 12g 3-2(b)-No. 82-3590
Contact:
Levelland Energy & Resources Ltd., Vancouver
Donald Coates, 949/455-7504
|
