Run that by me again.
NP says drill results push down Starcore, ProAm shares
Starcore Resources Ltd
SOE
Shares issued 10,918,192
1999-03-23 close $0.4
Wednesday Mar 24 1999
Also ProAm Explorations Corporation (PMX)
The National Post reports in its Wednesday edition that disappointing drill results
from Northern Ontario sent the shares of two Vancouver junior mining companies
into a free fall Tuesday. Starcore Resources Ltd.'s shares lost 62 per cent of their
value yesterday, down 65 cents to 40 cents, while the stock of partner ProAm
Explorations Corp. tumbled 52 per cent, off 40 cents to 36 cents, following the
release of assay results from Samuels Lake, a mixed metals exploration project
west of Thunder Bay, Ont. "The mineralization appears to have limited size
potential," said Doug Leishman, analyst at Yorkton Securities Inc., in a stock
update. The detailed results from drill hole three at Samuels Lake found low
values of gold and platinum and inconclusive nickel and copper grades, the analyst
said. "More drilling is needed to establish the true potential of the target," said Mr.
Leishman. Starcore president Ralph Brown said drill results from holes two to four
are pending, and he remained upbeat. "We still haven't scratched the surface."
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
7 % of ONE Gram and 80 % of ONE gram are like NADA...as all three PGms are listed in composite: Thus Flag and CN stocks will do better than that, we hope! See ya in the PITS! If real lucky we are on top, and the prize is on ...the bottom.
Chucaducu |
