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


To: The Osprey who wrote (7548)4/1/2002 7:56:39 AM
From: Al Collard  Respond to of 11802
 
Hi Osprey,

Your in with EXP-v @$ .09 for 111,111 shares.

Chart for EXP Resources Limited:

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

From the chart of EXP we can see the stock broke up last Thursday through the resistance of it's 50MA on above average volume. The crossovers on the MACD and ADX are both very bullish signals and may be early signs of things to come for this stock.

Good luck with this pick,
Al



To: The Osprey who wrote (7548)4/3/2002 5:08:19 PM
From: Al Collard  Respond to of 11802
 
EXP-v...in the news:

EXP Resources' Alikhan resigns; Dinsdale appointed

Wed 3 Apr 2002

News Release

Mr. Arthur Brown reports
EXP Resources has accepted the resignation of Rizwan Alikhan as a director
of the company. Neil Dinsdale of Coquitlam, B.C., has been appointed as a
director of the company to fill the vacancy.



To: The Osprey who wrote (7548)4/4/2002 4:12:22 PM
From: Al Collard  Respond to of 11802
 
EXP-v...in the news:

EXP Resources acquires interest in exploration licences

Thu 4 Apr 2002
Mr. Arthur Brown reports
ACQUISITION OF A 75% INTEREST IN A 20,000 HECTARE EXPLORATION ...
EXP Resources has acquired a 75-per-cent interest in an exploration licence
in southern Mongolia located 170 kilometres southwest of Ivanhoe Energy
Inc.'s Turquoise Hill (Oyu Tolgoi) gold-copper discovery. The property is
located 15 to 20 kilometres south of the Tsagaan Suvarga copper porphyry
deposit. This property is know as block 6.
In addition, EXP has acquired a 15-per-cent interest in each of block 2,
block 3, block 4, block 5 and block 7, which comprise five separate
exploration licences approximately 115,000 hectares in Mongolia's South
Gobi region, which hosts the Turquoise Hill (Oyu Tolgoi) discovery.
Geologists retained by EXP believe the property to be prospective for gold
copper porphyry deposits.
EXP has acquired the interests through a series of assignments and joint
venture agreements with Bell Coast Capital Corp. and Newport Exploration
Ltd. The terms of these arrangements are as follows:
Block 6 -- EXP will pay Bell and Newport Exploration in cash 100 per cent
of the acquisition cost (being $20,000 (U.S.)) in staged payments, and
shares to the same value based on the share price at closing of the
acquisition to acquire the 75-per-cent interest in this block. EXP will
contribute 100 per cent of all exploration costs up to completion of a
feasibility study in order to maintain its 75-per-cent interest in the
exploration licences.
Block 2, Block 3, Block 4, Block 5 and Block 7 -- EXP will pay Bell and
Newport Exploration in cash 20 per cent of the acquisition cost (being
$115,000 (U.S.)) in staged payments, and shares to the same value based on
the share price at closing of the acquisition to acquire the 15-per-cent
interest in these blocks. EXP will contribute 20 per cent of all
exploration costs up to completion of a feasibility study in order to
maintain its 15-per-cent interest in the exploration licences.
A finder's fee is payable in cash or securities in accordance with the
policies of the Canadian Venture Exchange.
The geology and tectonic setting of the South Gobi region compares
favourably with gold-rich porphyry-copper deposits that have been
discovered in other countries, and the high gold content and large size of
Ivanhoe's Oyu Tolgoi porphyry system highlight the potential of the region.
Mongolia enjoys one of the most favourable mineral tenure laws regarding
exploration and development of mineral resources as it relates to ownership
and title issues, and the New Mineral Law adopted in 1997 has attracted
international mining companies including BHP, Rio Tinto, Phelps Dodge Corp.
and Newmont Mining. The New Mineral Law guarantees secure title and
transfer rights, allows for seven-year exploration period (with renewals
for two years), and for a production period of 100 years.
With these acquisitions EXP now holds an interest in mineral rights
covering a total of 135,000 hectares. The company, in joint venture with
Bell, will commence systematic geological mapping and sampling on the
acquired properties, followed by geophysical surveys to delineate the
extent of mineralization in order to define drill targets for diamond and
reverse circulation drilling programs.