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To: SSP who wrote (1942)6/29/1999 4:35:00 PM
From: SSP  Read Replies (2) | Respond to of 150070
 


Canadian Company Press Release


DNI 1999-06-29 (provided courtesy of Canadian Corporate News.)
register to receive future releases by email from CCN

Dumont Nickel Inc. - Press Release

TORONTO, ONTARIO--

Raglan Drilling Started June 28, 1999

Denis Clement, Chairman of Dumont Nickel Inc. (DNI-M), is pleased
to announce that Dumont commenced drilling on its Lac Raglan
Property today on June 28, 1999. Further details on Dumont and its
properties may be obtained at Dumont's website at
dumontnickel.com.

Dumont's exploration program includes 23 drill-holes (average
approximately 250 meters, totaling 6,000 meters), which will be
completed between June 1999 and September 1999. Dumont has
commenced drilling at its LR-2 target about 900 meters from the
west border between the Lac Raglan property and Falconbridge's
Raglan property. Three holes are planned at Dumont's LR-2 target,
before moving to the LR-1 target where 6 holes are planned.
Dumont's geologists have observed that a Falconbridge drill is
currently operating near its east border with Dumont.

Drill core will be transported approximately every two weeks by
air to Bondar Clegg Laboratories in Val d'Or for assaying, with
the first delivery currently scheduled for mid-July. First assay
results are anticipated in late July.


Dumont's 178 km2 Lac Raglan Property covers a strike length of 31
km of the prospective Raglan Horizon, contiguous and to the east
of Falconbridge's Raglan mining camp. Six targets interpreted as
mineralized ultramafic rocks in the Raglan Horizon have been
prepared for this year's diamond drilling program.

Dumont has completed an airborne geophysical survey on the eastern
17 km of the Lac Raglan Property and anticipates that additional
drill targets in the Raglan Horizon will be defined. About 20
percent of the program is anticipated to be carried out on
Dumont's Shoot Out Property, located in an east-trending belt of
ultramafic rocks on the Delta Horizon 15 to 20 km south of the
Raglan Horizon, where two drill targets were identified in 1998.

Further details may be obtained at Dumont's Website at
www.dumontnickel.com.

THIS PRESS RELEASE WAS PREPARED BY DUMONT NICKEL INC., WHICH
ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. NO REGULATORY
AUTHORITY OR SIMILAR BODY HAS APPROVED OR DISAPPROVED THE
INFORMATION CONTAINED HEREIN.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Dumont Nickel Inc.
Denis Clement
(416) 364-5569
or
Dumont Nickel Inc.
Tom Obradovich
(705) 567 -6883
or
Dumont Nickel Inc.
Steve McIntyre
(416) 368 - 1013
or
Dumont Nickel Inc.
512-120 Adelaide St. West
Toronto, Ontario
Canada M4H 1T1
(416) 364-5400 (FAX)
Email info@dumontnickel.com





To: SSP who wrote (1942)6/29/1999 5:25:00 PM
From: Jim Bishop  Read Replies (2) | Respond to of 150070
 
OGPS - my opinion, FWIW is we are looking at a 4-6 week time frame for real movement, I may be surprised by upcoming news releases, but that's my take on it now.

Supposedly the same groups worked XDSL - I'm hearing it took 5 weeks from start at around $4 to $10 - now at $7.75 and chart still green.

Bingo! omicrontechnologies.com

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-Ted Koppel, Nightline, April 1998

"We believe our projections of internet gambling revenues to $100 to $200 billion domestically and $200 to $400 billion in the rest of the world by 2005 is reasonable, even conservative."
-The Baker Report, March 1997

"A gold rush in cyberspace."
-U.S. News and World Report on Internet gambling, January 1998

"Online gambling turnovers have the potential to dwarf those of other interactive services, tapping into an existing traditional gambling market valued at over $700 billion in Europe alone."
-Datamonitor, a market analyst corporation, June 1998

"As the number of people willing to conduct transactions online grows over time, this industry will see exponential growth...and this train doesn't stop until the Internet is as ubiquitous as telephones and television."
- CBS MarketWatch, April 24, 1999