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Gold/Mining/Energy : Birch Mountain Resources BMD-ASE -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (168)	7/27/1999 7:02:00 AM
From: Chuca Marsh	Respond to of 402

The area is the central BMD core that is being drilled out in comparrison to the total 2 million acres, this Oil Sands Project is EXPOSING the Limestones and Dolomites at NEAR SURFACE bedrock in this , somewhat as per the slide show download feature of a FAILED OIL SYSTEM as per the few Carlin Trend slides for any one to see that I posted here a few posts back... freeyellow.com OIL is the REASON that the HEAT and SECONDARY ENRICHMENT happened in these MVTs and or Carlins. I in fact have 3 claims of mine in another non Canada / non Carlin Trend area OVER old Freeport McMoran Oil Leases that were drilled out and let to expire. My PGM Targets and others it appears are infact Old Oil Fields that resettlted and drifted thru the faults over time: ...Oil Sands Investments announced today that there will be no second quarter distribution, reflecting their decision to re-invest in the Syncrude project in a year in which record capital expenditures of $660-million (approximately $77-million net to Athabasca) are anticipated. The board noted that excellent progress continues on the Syncrude joint venture's expansion plans. The second mining train at the North mine was completed in June, two months ahead of schedule. The power generation plant for the Aurora project was completed and began providing power on July 7, also two months ahead of schedule. Other major components of the Aurora expansion are proceeding ahead of schedule and under budget. Capital expenditures of $26-million for the quarter bring the year-to-date total to a record $48-million. "We are very pleased with the progress being made on the major capital programs at Syncrude. They have had a smooth start-up of the North mine train, and are well ahead of schedule and under budget at Aurora," says chairman Walter O'Donoghue. "These projects pave the way for the strong production growth expected in the years to come." The capital expenditures required for the Syncrude expansion program exceeded the $28-million in net cash from operations. Athabasca Oil Sands Trust used the $49-million in proceeds from its successful equity offering of 2.75 million units to help financing 1999 capital expenditures and to repay all of Athabasca's bank debt. Reflecting these considerations, and consistent with past practices, it has been determined that there would be no second quarter distribution to unitholders of the Athabasca Oil Sands Trust. Athabasca's Syncrude Sweet Blend (SSB) revenues of $54-million for the second quarter of 1999, were $5-million higher than the same period last year, as substantially higher crude oil prices more than offset a decline in sales volumes. above from thje News Release on Oil Sands Yesterday, and below from POST 0 here in the Thread Header: . Birch Mountain holds nine exploration permits totaling 82,944 hectares (approximately 205,000 acres) adjacent and to the north of the Kennecott/Montello/Redwood joint venture property which hosts at least one announced diamondiferous kimberlite intrusion. Birch Mountain announces that it has completed an agreement to acquire all interests of Focal Resources Ltd. in three exploration permits and two precious metal leases in the Ft. McKay region of Athabasca for consideration of 37,500 shares and a 2% net smelter return. In the Yukon, Birch Mountain has elected not to continue its option to acquire a 100% interest in First Yukon Silver Ltd.'s Swift River property. Some additional claims staked by Birch Mountain in 1997 in the Swift River area have been allowed to expire while others have had sufficient assessment expenditures filed to maintain them in good standing until April 10, 2001. now The JV: CODEVELEMENT SECTION of The Company Website: At birchmountain.com ... Through co-development agreements signed with Syncrude Canada Ltd. and Suncor Energy Inc., Oil Sands, and a cooperation agreement with Shell Canada Limited/BHP Diamonds Inc., Birch Mountain now has unprecedented access to a vast resource of technical and geological information pertaining to the geology of our Athabasca exploration permits. The pioneer co-development agreement with Syncrude Canada Ltd. in 1997 enabled the Company to sample more than 150 drill cores, and examine over 275 electric logs, from holes drilled within the Syncrude Canada Ltd. Aurora Mine development area. In 1998, similar agreements were signed with Shell Canada Limited/ BHP Diamonds Inc. and Suncor Energy Inc., Oil Sands, that are expected to provide additional benefits to Birch Mountain as future oil sands development extends across the Company's Athabasca exploration permits. Discussions have begun with other potential oil sands operators, and additional co-development agreements may be finalized in 1999. .. Chucka

To: russet who wrote (168)	7/27/1999 7:39:00 AM
From: Chuca Marsh	Read Replies (1) \| Respond to of 402

Stress on the Bold ( and the unbold URL): Speaking of CO DEVELEPMENT SECTIONS: birchmountain.com Focal Resources Ltd - Focal Resources year-end review Focal Resources Ltd FCJ Shares issued 15,468,206 1999-07-22 close $0.06 Monday Jul 26 1999 Mr. Patrick Chance reports The directors considered the options available to the company and have chosen to reorganize it. This initiative comprises refocusing in the international minerals sector, strengthening the board and consolidating the company's base in Toronto. The Calgary office has been closed. Projects Santo Domingo, Nicaragua In late 1998, Focal filed a suit, alleging breach of contract, against the vendor, La Cooperativa Asociativa de Pequeno Mineros de Santo Domingo, Chontales R.L. Focal is claiming damages of $1.3-million (U.S.), being the amount of option payments, loans and improvements made to the property on behalf of the co-op. The action is proceeding through the Nicaraguan courts. Rio Siquia, Nicaragua In early 1999, Inmet elected to discontinue work on the property following an initial program. Focal's earlier results were confirmed but Inmet did not encounter environments indicative of economically interesting deposits. No further work is warranted on the property. Waspuk-Wawa and Columbus, Nicaragua Both projects are at an early stage of exploration. They would require large and sustained exploration expenditures to locate and test potential drill targets. It is unlikely that further work can be justified at this time. Sawyer, B.C. Focal continues to seek the funding required to drill test two Pulse EM targets that straddle a regional fault trace. Northeastern Alberta In the second quarter, Focal converted its residual interest to a 2 per cent nsr, plus a cash consideration. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com Focal Resources Ltd - Focal Resources three-month results Focal Resources Ltd FCJ Shares issued 15,468,206 1999-06-11 close $0.06 Monday Jun 14 1999 Mr. Patrick Chance reviews the company The company has concentrated its efforts during the first quarter on seeking out and acquiring more advanced projects. The objective is high-quality prospects and situations that can attract financing and investor interest in the current environment. While gold remains the commodity of choice it has also examined prospects containing other commodities. Although the climate remains difficult for junior resource companies, there are significant opportunities. Santo Domingo Focal has continued to pursue the Santo Domingo miners co-operative for breach of contract. The Nicaraguan legal system provides for a pretrial meeting of the parties before the presiding judge to encourage a negotiated settlement. The co-op neither attended the pretrial meeting in late February nor complied with the judge's order to file its case by the end of April. Focal is claiming damages of $1.2-million (U.S.) for breach of contract. Liens have been placed on the co-op's assets, which include the Santo Domingo concession. Rio Siquia Inmet elected to discontinue work on the Rio Siquia concession during January. Focal has completed a technical review of the concession and has concluded that further work is not warranted at this time. Sawyer Focal continues to seek either financing or a joint venture partner to drill test the UTEM anomalies on the Sawyer Creek property. Northeastern Alberta In late December, Focal reached agreement with partner, Birch Mountain Resources, to sell its residual interest in the remaining northeastern Alberta properties in exchange for $15,000 and a 2-per-cent net smelter return. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com Chucka- See even Land Partners want NSRs....