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

To: russwinter who wrote (2996)	4/10/2002 9:24:31 AM
From: orkrious	Read Replies (1) \| Respond to of 39344

Anyone know what happened to GOLD? It's up $.37. No news I can find. ork

To: russwinter who wrote (2996)	4/10/2002 12:46:12 PM
From: russet	Respond to of 39344

Don't forget DNT, Candente for a good gold bottom fish,...the NR below mentions an interesting recent addition to DNT's BOD, Larry Kornze, who recently retired from Barrick serving as their General Manager of Exploration in Mexico and Central America. The option to purchase this interesting property detailed below is due to him. Candente to purchase Linear property from KriASK Candente Resource Corp DNT Shares issued 9,240,000 Apr 9 close $0.30 Wed 10 Apr 2002 News Release Ms. Joanne Freeze reports VISIBLE GOLD ON NEWFOUNDLAND PROPERTY Candente Resource has entered into an option to purchase a 100-per-cent interest in the Linear property in the Botwood basin gold area of Newfoundland. This acquisition has been made on the recommendation of Larry Kornze, Candente's director of business development. Mr. Kornze has extensive experience in the Carlin trend of Nevada as exploration manager for Barrick Gold, and was instrumental in the Goldstrike mine discoveries (2.4 million ounces in 2000). Barrick and other companies are exploring the Botwood basin as it has many similarities to the Carlin trend of Nevada. On the Linear property, five (visible) gold showings have been found to date over a two-kilometre strike length. The discovery was made by following an area where visible gold was found in quartz boulders, one of which assayed 54.5 ounces per ton (1,744 grams per tonne). Barrick Gold is currently exploring the Mustang gold trend properties adjacent to the Linear property. The company has optioned the Linear property from the KriASK Syndicate of Newfoundland. Option terms include: cash payments totalling $171,000; issuance of a total of 300,000 common shares; and a total of $1-million in exploration expenditures over the next five years. The company has the right to acquire a 100-per-cent interest in the property subject to a 2.5-per-cent net smelter royalty. The net smelter royalty may be reduced to 0.5 per cent with the company making certain payments. Management continues to be extremely pleased with exploration results in Peru and an update on the Luna property will be issued in the near future. The company has renewed a contract with Wells Media Inc., which continues to carry out communications and public relations services for the company. The new contract is for a three-month term and remuneration will vary according to hours worked but is for a maximum of $1,500 per month. Reg Advocaat has also been contracted to carry out corporate communications services on a part-time basis in the company's offices. Mr. Advocaat will be paid $1,500 per month. Nancy Wells and Mr. Advocaat have each been granted stock options to purchase 50,000 common shares of the company. The company has amended the terms on warrants issued as part of the private placement announced in Stockwatch on Jan. 31, 2001. The exercise price has been reduced from 35 cents to 30 cents and the term has been extended from 18 months to two years so that these warrants will now expire on March 15, 2003.