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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (372)	10/29/2001 5:40:11 PM
From: Stephen O	Read Replies (1) \| Respond to of 39344

Base metals mines closings coming thick and fast. Boliden has closed Los Frailes and Myra Falls. Asarco is shutting 3 zinc mines. Breakwater is closing Nanisivik next Sept. Asarco is thinking of shutting more copper. Expansion in Chile put on hold by antofagusta.

To: Brumell who wrote (372)	10/29/2001 11:01:58 PM
From: Claude Cormier	Respond to of 39344

<Probably safe to say it's now underway on San Timoteo property> Agreed! And there are probably one or two holes already punched in.

To: Brumell who wrote (372)	10/30/2001 5:38:20 PM
From: Brumell	Read Replies (1) \| Respond to of 39344

SUL is starting to remind me of some previous plays from years past. Interesting to see what their next results will be. Meanwhile, here's a NR from a proximity player. Island-Arc to acquire 22 claim units on Kena property Sultan Minerals Inc SUL Shares issued 17,483,033 Oct 30 close $0.49 Tue 30 Oct 2001 News Release See Island-Arc Resources Corp (IAR) News Release Mr. Lawrence Barr of Island-Arc reports Island-Arc Resources has reached an agreement in principle to option two 20-unit claim blocks and four two-post claims on the northern boundary of the Kena property near Nelson, B.C., which is under active exploration by Sultan Minerals Inc. The claims span a distance of 5,000 metres east-west and 2,000 metres north-south. The claim block covers a historic mining area with numerous old Crown granted claims, so the net area acquired will amount to the equivalent of approximately 22 claim units or 550 hectares -- 1,350 acres -- approximately two square miles. Based on published maps from government and other sources, the claims are believed to be underlain by volcanic rocks of the Elise formation and the younger Silver King porphyry intrusion. Historically, both the volcanic rocks and the intrusive rocks have hosted producing gold mines in the area. Recent exploration work on the Kena property by Sultan Minerals Inc. has identified significant gold and copper mineralization in both rock units and at the contact between the volcanic rocks and intrusive bodies. Sultan Mineral's most recently announced drilling results (Oct. 15) were from drill hole 01GM-08 on its Gold Mountain zone. This hole intersected two metres of 172.1 grams per tonne gold (uncut) within a broader zone of disseminated gold mineralization. Drill hole 01GM-08 was collared less than 1,000 metres from the boundary of the claims block being acquired, although the bulk of the open ground is on the eastern, northern and western portions of the block with fractional portions on the southern boundary and within the block. The existence of the old Crown grants from the historic gold mining days of the camp within the block can be interpreted as indicating an area with significant exploration potential using modern methods. Consideration to be paid is cash and shares. The vendors have reserved a net smelter return royalty, subject to a partial buy-down. No finders' fees are to be paid. The agreement in principle is subject to the execution of a formal option agreement, due diligence in respect of title and regulatory acceptance (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com