Chelekis is promoting ARANLEE 14 March 1997
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GEORGE CHELEKIS'
HOT STOCKS CONFIDENTIAL
14 March 1997
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WWW: hot-stocks.com
TEL:: 813-254-5599 ** FAX #: 813-254-4142
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COPYRIGHT (c) 1997 by George Chelekis. ALL RIGHTS RESERVED.
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ARANLEE RESOURCES LTD. (Vancouver:ARB)
Share Price (as of February 18, 1997): C$0.80/share
52-Week High: C$1.80/share
52-Week Low: C$0.50/share
Shares Outstanding: 16.4 million
Special Warrant Financing:
1.916 million special warrants @ C$0.80 each;
294,000 unexpired warrants extended until May 6, 1997
Transfer Agent: R-M Trust Company
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Aranlee Resources (Vancouver: ARB) is currently exploring for gold
in one of the hottest exploration areas on the planet: Argentina. They
were recently drilling three of their original eight properties and
actively exploring another three. A December 1996 news release
announced the acquisition of five new gold and base metal properties
in northwest Argentina, concessions with a land mass of 262 sq. km,
bringing that total to 11 Argentinian properties. Those properties lie
within the emerging new precious/base metal belt which extends
over 380 km from the Barrick/Pacific Rim Diabillos property in the
south, through the BHP/Corriente Taca-Taca deposit in the west, to
the Bolivian border in the north, both junior companies in those joint
ventures have enjoyed strong share price appreciations. Very
prospective Argentinian properties in a high-profile "area play"
which should see additional international exposure this Spring. First
class management team and a board of directors with a proven track
record in South America.
In early February, Aranlee Resources announced the acquisition of a
large land position in a highly prospective precious/base metal
district in central Kazakstan. These assets include 10 mineral
properties totaling a mammoth land position -- 9,700 sq. km and a
pending application for another 2,000 sq. km. These license areas are
approximately 600 km northwest of Kazakstan's capital city.
Transportation to and from the area includes a main highway and
rail line, with high voltage power lines crossing the properties. The
Company reports easy vehicle access to most of this region, which is
mostly flat or has gently rolling terrain. ARB picked this area for its
potential of a world-class discovery of gold, silver, copper and/or
other base metals. Such potential has been concluded because of the
property's proximity to the Miedniy Kounrad porphyry copper
deposit. That copper mine has reportedly produced 450 million
tonnes of ore with an average recovered grade of 0.60 percent
copper.
It is the gold exploration which interests me. Over the past 50 years,
the area was mostly ignored for its gold potential. Yet, all of the
properties report widespread gold and copper occurrences within
large zones of alteration with extensive mineralized trends. Surface
sampling commonly brought up gold values of 0.5 grams/ton, up to
10.0 grams/ton; copper values up to 1.0 percent. One large scale
porphyry copper/gold system has been identified on one of the
Company's properties. ARB reports it is planning an aggressive
exploration program over that target.
The Company still holds a 50-percent interest in 1,565 claims over
17 properties in Voisey's Bay, Labrador -- the area made famous by
the Diamond Fields nickel/copper/cobalt discovery, which was later
purchased by Inco. ARB's James Kasten, whom I have know for
several years, indicated that the company hopes to drill in Voisey's
Bay this coming summer. When highly regarded geologists and
mining executives point in that direction, it makes me wonder again
about the potential of new discoveries in Labrador. At the earliest,
drilling would not occur until late Spring.
Until then, Aranlee should have little difficulties experiencing share
price appreciation, based upon the merits of their Argentinian
properties and exploration therein. The Kazakstan licenses are
another matter. I would not rule out the potential for another
Indonesian-style discovery on the order of Bre-X Mineral's Busang
deposit. Farfetched, you say? Look again at the individuals on the
board of directors and the management team. Among them, they
have been responsible for a large share of recent gold discoveries
and success stories in the Vancouver market place. Yes, they could be
called promoters, but probably quite different from the ones you are
accustomed to. These "promoters" first discover the gold -- then they
tell the world about it.
Between the three explorations, in diverse geographical areas
(Argentina, Kazakstan and Labrador), the next two-three quarters
should bring about very, very interesting developments for this
company and their shareholders.
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FOR MORE INFORMATION, PLEASE CONTACT: Jim Kasten
Telephone: (602) 951-4870 * Fax: (602) 483-9926
Email: arl@aranlee.com ** Internet Web Site: www.aranlee.com/arl
Corporate Headquarters:
7350 East Evans Road, Suite C203
Scottsdale, Arizona 85260
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CORPORATE PROFILE SECTION DISCLAIMER
Copyright (c) 1997 by George C. Chelekis. ALL RIGHTS RESERVED. The
information contained herein was obtained from sources believed to
be reliable but the accuracy and completeness of it is not guaranteed
and in providing this information, neither George C. Chelekis nor Hot
Stocks Review, Inc. will assume any responsibility or liability. This
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Distribution of this report in unauthorized jurisdictions is strictly
prohibited. George C. Chelekis is neither an investment advisor nor
should this report be construed as rendering investment advice.
George C. Chelekis, family and associates of such, may have positions
in, and may effect transactions in, securities of companies mentioned
herein. All information provided in this report stems from public
disseminated information, drawn from news releases or analyst
reports; other information is anecdotal and is clearly noted as such.
Past performance does not guarantee future success. Use of this
report may be subject to the applicable rules of certain self-
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traded over-the-counter may not be cleared for sale in certain states.
DISCLOSURE: Each company featured in the Corporate Profile Section
paid twelve thousand-five hundred dollars. |
