Check this out: Birch Mountain gosh - no reason to explain- what do you think?:
see BMD today.:
Birch Mountain Resources Ltd -
Birch Mountain has no explanation for market activity
Birch Mountain Resources Ltd
BMD
Shares issued 24,487,073
1999-03-11 close $0.85
Friday Mar 12 1999
Mr. Doug Rowe reports
At the request of the Alberta Stock Exchange, Birch Mountain Resources states
that, other than the normal corporate activities, there has been no corporate
development which would account for the current market trading activity in the
company's stock. Birch Mountain's Athabasca exploration permits cover a large
area in Northeastern Alberta, including areas prospective for diamonds (the
Alberta diamond play) and reported shale-hosted precious metals deposits
(Tintina Mines news release in Stockwatch March 2, 1999).
At this time Birch Mountain offers an update on the results of its recent exploration
activities. In early January, Birch Mountain completed a five hole, 560 metre drill
program in the Athabasca region and collected a series of four bulk samples from
outcrop exposures and trenches of altered limestone on its Athabasca property.
Three offsets and a twin of drill hole Syncrude Canada Ltd. 11-7-AE-96-10W4
were drilled to test a previously identified zone of sediment-hosted platinum and
gold enrichment (news in Stockwatch April 4, 1997). Three-inch core was
recovered from offset drill holes BM98-1, -2 and -3 which were drilled vertically
to depths of between 129 and 139 metres from locations 100 metres to the north,
east and southwest of drill hole Syncrude 11-7-AE-96-10W4. Six-inch core was
recovered from hole BM98-4, which was drilled vertically to a depth of 88.5
metres from a location within three metres of Syncrude's original drill hole.
Three-inch core was recovered from drill hole BM98-5 which was drilled
vertically to a depth of 79.3 metres on Tintina Mines Ltd.'s Ft. McKay lease;
Birch Mountain holds an option to acquire up to 51 per cent working interest in
this property. Core logging and geochemical analyses confirm that the targeted
alteration zone was intersected in all drill holes and bulk samples. Results will be
released when work now under way to confirm assay procedures and assess
metal values in the cores and bulk samples has been completed.
On March 10, 1999, Birch Mountain received the first data from the 1999
airborne magnetometer survey of its Birch Mountain permits. Birch Mountain
holds nine exploration permits totalling 82,944 hectares (approximately 205,000
acres) adjacent and to the north of the Kennecott/Montello/Redwood joint
venture property which hosts at least one announced diamondiferous kimberlite
intrusion.
Birch Mountain has completed an agreement to acquire all interests of Focal
Resources Ltd. in three exploration permits and two precious metal leases in the
Ft. McKay region of Athabasca for consideration of 37,500 shares and a 2 per
cent net smelter return. In the Yukon, Birch Mountain has elected not to continue
its option to acquire a 100 per cent interest in First Yukon Silver Ltd.'s Swift
River property. Some additional claims staked by Birch Mountain in 1997 in the
Swift River area have been allowed to expire while others have had sufficient
assessment expenditures filed to maintain them in good standing until April 10,
2001.
Birch Mountain has advised the government of Indonesia that it intends to
relinquish its contract of work on the Sintang prospect in West Kalimantan.
Although exploration activity led to the discovery of two new epithermal gold
targets, results were not judged to be of enough significance to justify further
expenditures on this property.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
Chuca
P.S.- More Report on tenfold average volume at Alberta Stock Exchange and number two as Volume LEADER:
ASE
>>*********************
>>Symbol Company Name Volume Close Change
>>C.SWO 2575000 0.22 0.12
>>C.BMD Birch Mountain 569100 0.85 0.18
>>C.APZ Alta Pacific Capital Corp 471500 0.20 0.01
>>C.SOJ Storage One 396700 0.48 -0.02
>>C.MMU Marum Resource 229500 0.19 -0.01
>>
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