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Gold/Mining/Energy : Paramount Ventures & Finance -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Daze who wrote (3756)	1/12/2000 3:19:00 PM
From: 1st.mate	Read Replies (1) \| Respond to of 4884

This is a nice summary of the pvf projects! It was taken from Stockhouse. Thanks Cabsav! Brazil: Rio de Sono- we have an EIS study going ahead and will be in production by April of this year. We have spent 3.5 million dollars on this so far and we are ready with a bulk processor to the tune of 1000 tonnes per hour of production....could be even more. The mineable resource is 600,000,000 tonnes and the average grade is .30 carrats per tonne at $210 per carrat U.S. without the coloureds we may encounter. PVF has 40% of this and CNB has 50%. Nice and should take the stock a lot higher, the delay for the EIS in September is what caused some problems. Brazil: Mato Grasso--PVF and PXM (the baby) are producing at 300 tonnes per day and it will go to 500 tonnes per day soon. They have another processor now and we will be doing two sorters by the first week of February. The grade is reported as .50 carrat per tonne or better and the average diamond is $140.00 per carrat without the stones over 1 carrat and without the coloured ones. Average carrat value with these is reported to top up to $400.00 per carrat. We have 50% of this play. Both projects have all costs paid for by gold recovery. Both projects are quoted in U.S. dollars. Problem is we ain't seen an actual nr on either of these....because of WAWA. Ontario: We have over 200 pipes defined in Ontario and we ain't told a sole......they staked like crazy for the last two years and apparently it is done. Dr. Moore wrote several papers about the diamonds in Ontario and he comes from discovering the Ekati mine in the NWT with Fipke. His expertise is in defining targets and drilling were Fipke was the sampler. I heard Rory was very dissapointed at the Ekati mine because they did not get the stake in place before announcing anything and therefore had other players in the area.....IF YOU SAW THE STAKE IN ONTARIO YOUR JAW WOULD DROP....this time its in place. We have not seen any results for 3 years from Ontario except if you went to the AGM...were they were compared to ABER 154 and the best pipes in the world. Kennecott has mini bulk samples and is now drilling the area....LIKE SWISS CHEEESE. Costs are 1/3 of the NWT no matter where they are and the real hot area is Rocky Island which is dry. Kennecott has its lab in Thunder Bay so not far....... People we ain't heard a thing from these guys in a long long time....and with Rory that may be a good thing....BUT JUDGING FROM THE STAKE THEY PULLED DOWN HE FOUND SOMETHING....AGAIN!!!! NWT: Ashtons is drilling a property for us that we have 8% interest in..... The EIS on the Rio do sono project is done and was submitted before Xmas, we are just waiting for the gov't reply/answer.