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

To: vds4 who wrote (9329)	9/9/2002 7:19:23 PM
From: Chuca Marsh	Respond to of 11802

I have been waiting on NEWS since GCU JINE visit and they said that they would DRILL MORE: Great FINDS a sceond High Grade Zone ( Gallium ) READ at the Site what it is and what it might mean some fine day: GCU - GOLD CANYON RESOURCES INC - Company Website gcu-vse.com Sep 09 - 16:17:52 Pacific - Trade times are local to the exchange. News times are Pacific. Bid/ask/vol sizes in thousands. Then READ about JDU and think...if such uses all and or some GALLIUM, then what happens? Chucka Gold Canyon Resources Inc - News Release Gold Canyon provides RC results from Cordero Gold Canyon Resources Inc GCU Shares issued 16,446,269 Sep 9 2002 close $ 1.00 Monday September 9 2002 News Release Mr. Michael Levinson reports 2002 DRILL PROGRAM CONTINUES TO EXPAND AND DEFINE HIGH GRADE ... Gold Canyon Resources has provided the results from the recently completed second phase reverse circulation drill program at its Cordero gallium project located in Humboldt county, Nevada. Drilling continues to define areas of near surface (within 10 feet of surface), high-grade mineralization (greater 100 grams per tonne (g/t) gallium) which exhibits excellent continuity. Combined results from the 2001 and 2002 programs define two large, high-grade zones of gallium mineralization with average grades in excess of 100 g/t. These high-grade zones are contained within a much broader halo of greater than 30-gram material and are aligned along the M fault zone. Both zones exceed 600 feet in width and have a combined strike length of over 4,900 feet. The attached table summarizes 2002 drilling results for 50- and 80-g/t cutoffs. During the 2002 program, 52 holes were completed to depths ranging from 100 to 400 feet. All assays were referenced against a series of certified standards, blanks, laboratory prepared standards and company prepared blind checks submitted and incorporated with samples from each hole, in the normal sample stream. Gold Canyon acquired its interest in the Cordero gallium property in June, 2001, through its wholly owned subsidiary, Gold Canyon Resources (USA) Inc., and conducted field sampling and first phase drilling beginning in August, 2001. This was followed by preliminary metallurgical testing and more recently the 2002 second phase drilling program. The company continues to aggressively pursue the exploration and development of this project, which is North America's largest known primary gallium occurrence. Gallium is a critical metal used to make semiconductors necessary for cellular phones, satellite communications, high efficiency photovoltaic cells, blue laser diodes and many defence applications. The metal is rapidly growing in importance in the military defence industry and promises to play a key role in development of next-generation radar and sonar applications. Rapidly growing applications in both biomedical and LED applications hold much promise for treating cancer and providing high efficiency lighting. Gold Canyon also holds interests in claims and related agreements with respect to the company's Springpole Lake gold project, situated in the prolific Red Lake mining district of Ontario, where drilling has identified a global resource of 1.3 million ounces of gold to date. 50 g/t cutoff Drill From To Int Ga hole ft ft ft g/t 35 215 275 60 79 37 - - - - 38 75 85 10 120 39 85 120 35 102 42 90 125 35 64 120 150 30 63 185 225 40 51 44 105 125 20 62 165 205 40 70 215 230 15 64 48 130 160 30 102 90 120 30 100 145 165 20 53 53 15 65 50 60 100 150 50 56 54 55 145 90 63 160 165 5 130 56 10 175 165 66 190 225 35 54 57 30 135 105 65 58 110 150 40 107 59 105 150 45 65 165 195 30 56 61 50 90 40 145 62 100 130 30 111 63 125 135 10 61 65 45 70 25 104 66 60 65 5 54 68 10 25 15 57 50 75 25 101 100 110 10 73 71 110 155 45 50 72 95 105 10 59 74 10 60 50 127 75 30 35 5 79 76 40 55 15 80 150 220 70 83 78 150 265 115 80 g/t cutoff Drill From To Int Ga hole ft ft ft g/t 35 215 245 30 95 37 - - - - 38 75 85 10 120 39 85 110 25 113 48 130 140 10 158 105 120 15 128 54 70 85 15 103 160 165 5 130 56 60 65 5 124 120 125 5 101 140 165 25 81 57 35 45 10 113 58 110 130 20 147 59 115 125 10 87 175 180 5 85 61 55 75 20 172 62 110 120 10 256 65 50 70 20 111 68 60 70 10 138 74 15 60 45 133 76 45 50 5 125 150 200 50 99 (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com old url (better for printing)

To: vds4 who wrote (9329)	9/10/2002 12:31:45 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

TVI-t...in the news: TVI Pacific partner gains Rapu Rapu financing Tue 10 Sept 2002 Mr. Clifford James of TVI reports RAPU RAPU PROJECT UPDATE The Rapu Rapu project, located in the province of Albay, Philippines, is a polymetallic mining project which a group of companies including Lafayette Mining Limited (the operator), a publicly traded Australian company, is developing. TVI retains 3.3 million unlisted share options with an exercise price of 20 Australian cents each, and a 2.5-per-cent net smelter return royalty (NSR) in the project. The following is a verbatim reproduction of a Lafayette news release issued on Sept. 6, 2002: QUOTE The directors of Lafayette Mining are pleased to announce that the company has placed 15% of its issued capital to a number of private, local and European investors at 5 cents per share to raise A$1.67 million. The Board acknowledges the assistance provided by ABN AMR0 Morgan in completing the raising. Managing Director, Andrew McIlwain said "Significantly this raising will provide the funds to continue the land purchase program and progress current indicative bank offers of finance for the Rapu Rapu project. In addition, the raising enables the commencement of the detailed engineering design work required to allow construction contracts to be let". "Subject to these issues being concluded as expected and to finalisation of discussions with banks and smelter groups, we have targeted March 2003 as the start date for commencement of construction of the company's Rapu Rapu polymetallic project." Commissioning of the Rapu Rapu Mine should be in the second quarter of 2004. When in production the Rapu Rapu Mine will be one of the largest mines operating in the Philippines and will produce approximately 10,000 tonnes of copper in concentrate, 14,000 tonnes of zinc in concentrate, 50,000 ozs of gold and 600,000 ozs of silver annually. Mr McIlwain said "We are very pleased by the degree of market support which the company has received, especially from our major shareholder, Lion Selection Group. The new management team is fully committed to ensuring an expeditious and successful transition through the financing and construction stages to production." R A Anderson, Company Secretary UNQUOTE In response to this news, Clifford M. James, chairman and chief executive officer of TVI Pacific, said: "The realizable value of TVI's NSR royalty in the Rapu Rapu project continues to increase as a production decision grows nearer. TVI is considering its best option for capitalizing on this interest, whether by monetizing it in the near term, or by waiting for actual production income to begin. Lafayette is making excellent progress in the development of Rapu Rapu, and we look forward to an announcement on the project's full financing and a production decision in the near future."