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Gold/Mining/Energy : Platinum Group Metals (PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Robbins who wrote (334)	4/3/2000 10:42:00 AM
From: koan	Read Replies (1) \| Respond to of 529

Thanks Bruce and I hear you, but I have decided to gamble and am in up to my ears. I have bought the whole river Valley district - even GLC <G> and added 14,500 LAM this morning ,they own .15% of AQI just as ITF is in with PFN - all doing well this morning.

To: Bruce Robbins who wrote (334)	4/3/2000 12:04:00 PM
From: Ptaskmaster	Read Replies (1) \| Respond to of 529

South Africans watch Ontario closely.- "Pacific North West Capital Corp. has released the first drilling results from its platinum-palladium prospect in northern Ontario, promising assays that sent the shares of the Vancouver junior climbing 63%. "The initial three holes from the company's River Valley property near Sudbury found a range of concentrations of valuable platinum group metals (PGMs). The end March results show "a broad mineralized area that has mineable grades," said Scott Jobin-Bevans, the company's consulting geologist. PGM values meet and exceed those in the current economic model for the 10,000-acre property, he said. The results of an additional 10 drill holes are expected over the next three weeks. ----snip---- "Pacific North has found a mineral body open at depth with a width of about 40 metres. Copper and zinc counts are low, indicating the company is not simply drilling rich sulfides that host PGMs by chance. One 3.6-metre section of rock contains 6.78 grams per tonne of PGMs, nearly 10 times potentially mineable grades. In comparison, North American Palladium Ltd.'s Lac des Iles platinum-palladium mine near Thunder Bay, Ontario, has average grades of 1.64 grams per tonne. ----snip---- "Sudbury has quickly become the speculative play in Canadian exploration. Aquiline Resources Inc. (AQI/CDNX), a Vancouver junior that controls property north, south and east of Pacific North's River Valley find, hit a trading high of $1 this week. Meanwhile, Mustang Minerals Corp. (MMIN/ CDN), a Toronto junior with land in the region, climbed to a high of $1.45. Both Aquiline and Mustang hope to begin drilling in River Valley this summer. "Major PGM producers have been closely following developments. Pacific North reached a $4.3-million exploration investment deal last August with South Africa's Anglo American Platinum Corp. Several weeks later, Mustang signed its own $6-million deal with Impala Platinum Holdings Ltd." From "Platinum-palladium discovery in northern Ontario sends junior's shares soaring" by Keith Damsell, full article in Miningweb on Moneyweb mny.co.za