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Gold/Mining/Energy : Darnley Bay Resources - DBL. VSE -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (208)	5/12/2000 2:04:00 PM
From: Condor	Respond to of 221

God only knows.:o) If they do strap yourself in, if not, grab a lifejacket. C

To: Claude Cormier who wrote (208)	5/12/2000 3:50:00 PM
From: Condor	Respond to of 221

Darnley Bay arranges financing Darnley Bay Resources Ltd DBL Shares issued 19,038,492 May 11 close $2.50 Fri 12 May 2000 Mr. Leon La Prairie reports The company has negotiated, subject to regulatory acceptance, a private placement of $300,000 consisting of 141,510 special warrants at a price of $2.12 per special warrant. Each special warrant is exchangeable into one common share and one share purchase warrant, with each share purchase warrant to entitle the holder to purchase one additional (flow-through) common share at a price of $2.50 up to May 11, 2001. The funds from this private placement of special warrants will be released to the company on the closing of the private placement and will not be held in escrow until a receipt is issued for a prospectus qualifying the underlying securities. The special warrants do not include any penalty clauses. The proceeds of this private placement will be used for working capital and to explore the company's resource property at Paulatuk, Northwest Territories. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

To: Claude Cormier who wrote (208)	6/14/2000 3:22:00 PM
From: Condor	Read Replies (1) \| Respond to of 221

I'd have to assume it was a bust for the most part. Darnley Bay drilling continues on Thrasher zone Darnley Bay Resources Ltd DBL Shares issued 20,373,965 Jun 13 close $1.70 Wed 14 Jun 2000 News Release Mr. Leon La Prairie reports Drilling is continued on the Thrasher zone with the expected target being a mafic-ultramafic igneous intrusive, the host rock for major deposits of nickel, copper and platinum group elements. The current drilling, at about 1,500 metres, has not yet intersected the target. The advice of geophysicists and other consultants is to continue drilling to the capacity of the rig (2,000 metres). Geological and structural information obtained from the drilling will assist the company in the selection of future drill sites. Although not contemplated by the company in its initial exploration objective, current exploration revealed several interesting magnetic anomalies which strongly suggest the presence of kimberlite, the host rock for diamonds. This possibility is supported by a number of till samples collected last fall which were analyzed by De Beers, disclosing kimberlitic indicator minerals and two diamonds. The company recently conducted ground geophysics on two specific sites and found strong evidence for the presence of kimberlite pipes. The company plans drilling these targets and believes that there is an excellent chance of finding diamondiferous pipe locations. The company is proceeding on both exploration fronts. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com