Congrats Griz: New Property Acquisitions to this Company- Today NE Alberta at Eagle Nest Again:
THIS is near BMD....NE Alberta...
New Blue Ribbon Resources Ltd -
New Blue Ribbon property acquisition
New Blue Ribbon Resources Ltd NBL
Shares issued 7,994,812 1999-06-03 close $0.11
Friday Jun 4 1999
The Vancouver Stock Exchange has accepted for filing a letter agreement dated Jan. 18, 1999, between the company and William Kizan whereby the company has acquired an undivided 100 per cent interest in the Eagle Nest property in Northeastern Alberta. Consideration is: $75,000 payable over two years; 200,000 shares (of which 50,000 are issuable upon exchange acceptance with the balance issuable in stages within two years); and work commitments of $175,000 within two years.
The property is subject to a 2 per cent net smelter return royalty in favour of the vendor. The company may acquire a 1 per cent interest for $1.5-million subject to further review and acceptance by the exchange.
Upon discovery of a kimberlite pipe on the property, the company is proposing to pay a bonus of 200,000 shares subject to review and acceptance by the exchange of a geological report.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
old url (better for printing
OLD NEW:
Thu Mar 18, 1999
Update - Eaglenest Property
New Blue Ribbon Resources Ltd. (the "Company") is pleased to provide an update on its Eaglenest property which is contiguous with and immediately to the west of Tintina Mines (Tintina) and NSR Resources (NSR) Asphalt and Buckton Properties. Recently, Tintina Mines and NSR Resources confirmed the discovery of laterally extensive metal enrichment zones with elevated values of copper, nickel, cobalt, zinc, molybdenum, and vanadium, and precious metals including gold.
During the 1990's, northeastern Alberta was the focus of exploration for precious metals by such companies as Birch Mountain Minerals, Focal Resources, Lac Minerals, Tintina Mines and NSR Resources. Since that time, Birch Mountain Minerals has developed a "Prairie Gold Model" to help explain metal enrichment within near surface Devonian and Cretaceous host rocks which reportedly include a drill intersect of 2.2 - 4.0 g/t platinium across 1.6 metres. Tintina and NSR resources have concentrated their efforts on the Cretaceous Second White Specks Formation. A short distance to the southwest, joint venture partners Kenecott, Montello, and Redwood Resources discovered several kimberlite pipes within the central-parts of the Birch Mountains.
The Eaglenest property comprises approximately 80,000 acres, near the subcrop edge of the Cretaceous Second White Specks Formation. Prior exploration by both government agencies and public companies have identified a number of metal-bearing zones within the property boundaries. Amongst others, these include:
a) a zone of Copper, Nickel, and PGE's located within the north-central parts of the property,
b) a zone of Terellium enrichment with lesser Nickel and Zinc along the west-central parts of the property,
c) several Silver and Gold Anomalies.
According to Tintina and NSR Assessment Report No. 19960012 there is "a principal northwesterly trend of metals diffusion anomalies, associated with Hg, along the Asphalt-Eaglenest corridor, … and another along the Sand-Eaglenest Lakes trend extending to the northeast … these anomalies are characterized mainly by elevated Zn, Ni, Hg, and to a lesser extent by Ag, Au and Cu." In addition they report "other anomalies of merit are a series of lakes with elevated Ag (up to 3 ppm) to the southwest of Eaglenest Lake.
Extensive amounts of exploration information exists for the property and the Company is continuing to review this data in preparation for the upcoming exploration season.
ON BEHALF OF THE BOARD
LARRY KRYSKA,
President
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Copyright
Date: December 1998
Publisher: Kaiser Bottom-Fishing Report
Author: John Kaiser
New Blue Ribbon was formed March 1998 through the 5:1 rollback of Blue Ribbon. Martyn Element's group has bought much of the old institutional paper and cleaned up the balance sheet. It's hard to say what the insider stake is, but suffice it that they are still long the new paper. The company has switched from gold exploration in Suriname to diamond exploration in northern Alberta by optioning 50 - 100% in 1.5 million acres. Larry Kryska has been appointed the new president while Element continues to be the fund-raiser. The key prospects are the Pelican Mtn claims near Calling Lake, the Cox claim, and the 23,000 acre Little Legend claim within Montello's new kimberlite field. The ADP must deliver good news to make NBL work.
The Kaiser Bottom-Fishing Report is a newsletter that focuses on Canadian exchange listed speculative stocks. It can reached at: PO Box 6456, Moraga, CA, 94570-6456. On the Web at: canspecresearch.com
I do think THAT this Chucka has pick a good FISH to watch swim in the POND!
Did folks see the New Kaiser Red this week on BMD- Birch Mountain? YES!
Chucka-Methinks they found a something to make THIS WORK!
P.S.- Hey, I goof around on Edit:
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Message 9918371
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