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


To: KC Jones who wrote (6889)3/3/2002 2:07:35 PM
From: Al Collard  Respond to of 11802
 
Hi KC,

Your in with EET-t @$1.08 for 9,259 shares.

Chart for Etruscan Resources Inc:

stockcharts.com[h,a]daclyiay[pc20!b50][vc60][iLa12,26,9!Ll14]&pref=G

From the chart we can see EET has been in an uptrend for the past four months. This stock broke out on Friday on double normal volume. The chart indicators are very bullish pointing to further upside.

Congratulations on your 1st place finish last week!!!

Regards,
Al



To: KC Jones who wrote (6889)3/7/2002 5:14:24 PM
From: Al Collard  Read Replies (1) | Respond to of 11802
 
EET-t...in the news:

Etruscan, Mountain Lake twinkle over 3,948 diamonds

Thu 7 Mar 2002


Also Mountain Lake Resources Inc (MOA)
Mr. Kevin MacNeill reports
ETRUSCAN RESOURCES INC./ MOUNTAIN LAKE RESOURCES INC. - GEM Q ...
Etruscan Resources and Mountain Lake Resources have continued to receive
positive results from the Ventersdorp diamond project in South Africa. A
total of 3,948 gem-quality diamonds weighing 4,293 carats have been
recovered from continuing small-scale contract mining operations at the
Hartbeestlaagte 146 property since February, 2000. The average size of the
gem-quality diamonds is 1.09 carats and the average value is $400 (U.S.)
per carat. The largest diamond recovered to date on the Hartbeestlaagte 146
property weighed 16.5 carats.
The small-scale contract mining operation consisted of 16 pits dug over a
three-kilometre portion of the 15-kilometre-long East Run alluvial gravel
deposit. A total of 252,000 tonnes of gravel, representative of the shallow
and deeper gravel, has been mined and processed. The diamond grade of the
gravel, based on surveyed volumes and declared diamonds, is 1.70 carats per
100 tonnes and substantiates the grade, quality and value parameters built
into Etruscan's initial economic model which incorporated a grade of 1.60
carats per hundred tonnes at an average value of $400 (U.S.) per carat.
Gem-quality diamonds were recovered from every pit and individual stones
weighing greater than five carats were recovered from all pits. The program
will continue to test other areas of the deposit.
As previously announced, construction has commenced on the initial phase
gravel processing and diamond recovery plant on the Nooitgedacht 131
property, which is 100-per-cent owned by Etruscan and Mountain Lake.
Etruscan, the operator of the project, will begin to mine and recover
diamonds from the East Run alluvial gravel deposit at a rate of 4,000
tonnes per day in September, 2002.
Gerald McConnell and Allen Sheito, respectively president and chief
executive officers of Etruscan and Mountain Lake jointly stated,
"Construction of the initial plant is progressing well. Our objective is to
optimize the mining and processing methods of the gravels in the initial
phase and then rapidly expand the operation to develop the full extent of
the deposits in the Ventersdorp District. This will require several
additional plants, and this initial operation will provide the key
technical parameters for the size and location of those plants."