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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Chris K. who wrote (11)	7/10/2002 12:48:40 PM
From: Famularo	Respond to of 16206

Hi Chris, congrats, hadn't realized u were getting married. It was a bullish two weeks for Ashton's Quebec project. Still early buy looking very encouraging. Due to the Quebec fires, Ashton left the Quebec grounds. Ashton's Nunavut Artemsia mini bulk core samples is currently being processed. Results need to be better than the surface samples, announced earlier this year.. frank

To: Chris K. who wrote (11)	7/11/2002 7:36:26 AM
From: Famularo	Respond to of 16206

Stornoway Ventures Ltd SWV Shares issued 11,715,482 Jul 10 close $0.42 Wed 10 Jul 2002 Property Agreement The TSX Venture Exchange has accepted for filing documentation relating to the disposition by Stornoway Ventures Ltd. (the company) of an interest in a joint-venture-option agreement made originally on Feb. 5, 2002, between the company, Northern Empire Minerals Ltd. (Northern) and Hunter Exploration Group (the vendor), originally announced in a news release dated Feb. 5, 2002. Pursuant to the agreement the company and Northern, as joint venture partners (JV partners) had been granted an option to earn a 70-per-cent (35 per cent each) interest in the Aviat-north and Aviat-south properties, Nunavut, (the Aviat joint venture properties) subject to a 2-per-cent net smelter royalty and gross over-riding royalty and, among other things, incurring exploration expenditures totaling $2-million on or before Oct. 1, 2005. For further information please refer to the company's news release dated Feb. 5, 2002. The disposition takes the form of an arm's-length disposition by the JV partners under an option agreement (the Glencairn option) with Glencairn Explorations Ltd. (Glencairn) dated May 6, 2002, made between the JV partners and Glencairn pursuant to which Glencairn may acquire a 23.75-per-cent interest in the JV partners' 70-per-cent interest (or 16.6-per-cent interest in the properties) in the properties by incurring $475,000 in exploration expenditures on or before Dec. 1, 2002. The JV partners will retain a 46.25-per-cent interest. Upon the earning of such an interest, Glencairn and the JV partners, will each have an option to exchange all but not less than Glencairn's interest for common shares of both companies. The number of shares to be issued to Glencairn on conversion of its interest will be determined by dividing $475,000 by 65 cents per share, or 730,769 shares divided equally between the JV partners. Siswash Holdings Ltd. (Fred Leigh) of Toronto, will be entitled to a fee of 50,000 shares from the company. This transaction was announced in a news release dated May 14, 2002. Refer to the bulletin dated June 17, 2002, for Northern Empire Minerals Ltd.