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Gold/Mining/Energy : Lucero Resources -- Ignore unavailable to you. Want to Upgrade?

To: jerry janko who wrote (698)	10/4/2000 8:32:30 AM
From: jerry janko	Read Replies (1) \| Respond to of 703

Almaden acquires Lucero's Reyna Negra claims/data Lucero Resource Corp LCR Shares issued 16,548,013 Oct 2 close $0.17 Tue 3 Oct 2000 News Release See Almaden Resources Corporation (AMH) News Release Mr. Duane Poliquin reports Almaden Resources has signed an agreement with Lucero Resources whereby Almaden has purchased Lucero's Reyna Negra claims and the data from an airborne combined electromagnetic, magnetic and radiometric survey over the Reyna Negra claims, and part of Alamaden's Caballo Blanco, Veracruz state, Mexico, project. The survey's original cost was about $300,000 (U.S.). Almaden paid $15,000 (U.S.) for 100 per cent of the claims and survey data subject to a 2-per-cent net smelter royalty capped at $500,000 for any production from the Reyna Negra claims. The Reyna Negra claims are tied on to the Caballo Blanco claim group. Almaden's Caballo Blanco project covers a large alkalic, volcanic and intrusive system with significant alteration zones containing both disseminated and vein gold and silver zones, and a porphyry-style gold-copper zone. The Reyna Negra claims were staked as tie-on ground adjacent to the Caballo Blanco property. Almaden plans to start extending its Highway zone grid onto the Reyna Negra property in mid-October.