Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Battlefield Resources Corp (BFM) was Indomin (IRL) -- Ignore unavailable to you. Want to Upgrade?

To: JS who wrote (547)	10/19/1999 12:57:00 PM
From: SwampDogg	Read Replies (1) \| Respond to of 584

You can get the latest financials at SEDAR...pretty convoluted IMO... It takes some weeding through to find out what they really have..

To: JS who wrote (547)	12/21/1999 9:39:00 PM
From: Ronald W.Millar	Read Replies (1) \| Respond to of 584

Here's a little news: BATTLEFIELD MINERALS CORP ("BFM-V") PLACER DOME INC ("PDG-TMBHDNPQX") - Woodlark Island Gold Project Agreement Paul London, President of Battlefield Minerals Corporation (BFM.V) is pleased to announce that Battlefield's 25% owned-affiliate Woodlark Mining Limited has entered into a Heads of Agreement with Misima Mines Limited, a subsidiaiy of Placer Dome Inc. (PDG.T), for the exploration and development of the Woodlark Island gold project in Papua New Guinea. The 350 sq km Woodlark Island gold project is located 300km east of the PNG mainland, and 150km north of Placer's Misima Island gold mine. Previous exploration at Woodlark, including aeromagnetics, detailed regional geochemistry, reverse circulation and diamond drilling and metallurgical testwork, has defined numerous epithermal gold targets with potential for large porphyry copper-gold systems. Drilling to date of shallow typical epithermal base metal carbonate systems in three of these target areas has defined 6.78 million tonnes of open pit mineralisation measured and indicated grading 1.73g/t gold (377,427 ounces). Within this resource Battlefield has identified several high-grade zones, including 530,000 tonnes grading 4.9g/t Au at Murua and 810,000 tonnes grading 5.0g/t at Kulumadau. Investigations and discussions towards reaching agreement with Placer have shown that it may be viable to ship ore from the present measured resource at Woodlark to Placer's plant on Misima Island for processing. In addition, Placer has the strategic and financial resources to further investigate the numerous targets identified in previous exploration at Woodlark. Under the agreement with Placer, Woodlark Mining Limited will receive a NSR royalty of 4.5% on the first 200,000 ounces of gold or gold equivalent produced from the project area, and a NSR royalty of 3.5% on any gold or any other product mined thereafter. TEL: (416) 955 9535 Chuck Forrcst, VP Corporate Development ______________________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106