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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Rise who wrote (1977)	4/21/2001 10:17:41 AM
From: Al Collard	Respond to of 11802

Hi Rise, Your in with VPR-v @$.05 for 200,000 shares. Chart for Vital Pacific Resources(VPR-v): bigcharts.com Looking at the chart for VPR we can see that it is currently trading under all it's major MA's and is a low volume trader. All that may change in the near term with this NR that came out last week: Vital Pacific signs agreement for Lynn Lake claims Mr. Dan Kostiuk reports Vital Pacific Resources has signed an option agreement with Aur Resources Inc. and Thundermin Resources Inc. in respect to the Eldon claims in Lynn Lake, Man. The Eldon claims cover most of the other half of the largest Lynn Lake gabbro under option by Vital, known as the Frazer Lake pluton. This intrusion is located just southwest of the townsite of Lynn Lake. The Frazer pluton consists of a large complex layered mafic to ultramafic intrusion, and is known to contain barren layered sulphide mineralization and rafted inclusions within its boundaries, indicated from previous shallow drilling. However, the potential for deeper nickel/copper mineralization remains largely untested. In addition, the Frazer Lake pluton is believed to contain potential for undiscovered platinum/palladium mineralization. Pursuant to the agreement, in order for Vital to earn a 50-per-cent interest in the property, Vital is required to complete 4,000 metres of diamond drilling by Dec. 31, 2004. Vital may earn 100-per-cent interest in the property if the optioners elect not to contribute to further exploration once Vital has earned its 50 per cent. The signing of this option agreement is consistent with Vital's strategic plans in acquiring a land package in the Lynn Lake area of Manitoba. These very prospective areas may contain significant grades of nickel, copper, cobalt and platinum group of metals. The addition of this land package to Vitals existing portfolio (which covers an area over 6,000 acres and includes five of the seven known Lynn Lake gabbro plugs) should increase the likelihood of the company to discover mineralization similar to that hosted in the two mined gabbros not held by Vital. The company continues to believe the possibility exists of either unrecognized or undiscovered nickel/copper/cobalt and platinum group of metals. This project is considered very attractive because of the positive nature of historic exploration results, combined with the excellent location and low infrastructure costs in the town of Lynn Lake. Good luck with this pick Rise, Al