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


To: Elizabeth Andrews who wrote (3046)4/11/2002 11:01:08 PM
From: Claude Cormier  Respond to of 39344
 
Eliz,

I am just starting to look at DRC, so I can't tell you mutch. I ask just hoping to see if I you had anything.

What I can find roughly is that they have expand the reserves. In 2000-2001 the company drilled 49 NQ diamond drill holes totalling 23,800 metres and are about to announce a new count soon. I read a probability of 40M tons of 2-3% copper equivalent in 3 zones, including the Main Afton and two new zones discovered by them. A new drill program is starting in April. They have $5M in the bank, 9M shares out trading between $3-$4. Still digging.