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Gold/Mining/Energy : Champion Resources - CHL.vse -- Ignore unavailable to you. Want to Upgrade?

To: DDuncan who wrote (41)	6/23/1999 9:59:00 PM
From: rdww	Read Replies (2) \| Respond to of 176

Work has begun in GB - the AGM was yesterday - the boys are off to Europe to plug the stock w/ the Lundin help - a newsletter writer is doing up an extensive review of CHL's deposit - the brokers in Tor are getting a show later this month and the interest is growing. This is a no brainer stock - it ain't gold - it's an everyday fertilizer product that is in increasing demand as the reserves in the US come under stricter regulations. This puppy has a nice 100K shr BID in the .90 range - starting to look like it should trade 100K a day and it's going north of a $1.00 soon I suspect. Champion commences Farim fieldwork Champion Resources Inc CHL Shares issued 16,746,940 Jun 22 close $0.95 Wed 23 Jun 99 News Release Mr. Rick Bailes reports Fieldwork has commenced on the Farim phosphate project in Guinea Bissau, West Africa. The diamond drill has been mobilized to site and a containerized shipment of drilling supplies is on the way by truck from Banjul, Gambia. Additional supplies will be barged up the Cacheu River to Farim later this week. Rescan Environmental Consultants of Vancouver completed the field portion of an environmental baseline study last week. Rescan will also undertake a study of the Cacheu River next week with a view to confirming its suitability for barging phosphate rock concentrate from the project site to tidewater. Despite logistical delays, the field program is expected to be completed by mid-July. The fieldwork is part of a due diligence program consisting of diamond drilling, hydrologic evaluation, environmental work and product transport studies. Successful completion of this work is a condition precedent for the proposed $84-million (U.S.) non-resource loan to build a mine at Farim, the terms of which were announced Dec. 8, 1998. The Farim phosphate project is 100-per-cent owned by Champion Industrial Minerals Inc., a wholly owned subsidiary of Champion Resources Inc. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com