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Non-Tech : Northern Empire Minerals (NEM.V) -- Ignore unavailable to you. Want to Upgrade?


To: TheSlowLane who wrote (15)5/29/2003 9:08:03 AM
From: jrhana  Read Replies (1) | Respond to of 92
 
It's official, we've got a partner:

<Aviat represents one of Canada's largest diamond exploration projects and was established as a joint venture between Northern Empire, Stornoway and Hunter in 2002 to explore the Melville Peninsula region of Nunavut for diamonds. The partners are optimistic that exploration at Aviat may result in the discovery of an entirely new kimberlite field and welcome the opportunity to work closely with BHPB to realize this objective.>

biz.yahoo.com

I assume that BHP would not be expending this money if it did not feel there was an excellent chance of success.
I think that the this formal corporate structure will serve to organize and keep financially strong the exploration program.
The new combined NEM.V will be the majority owner.

Now I am curious to see what is going to happen down there in the Churchill project.