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Subj: [Willy Wizard] MAGR Club Alert : Still In Play
Date: 4/14/04 9:32:00 PM Eastern Daylight Time
From: no_reply@yahoogroups.com
To: willywizard@yahoogroups.com
Sent from the Internet (Details)
MAGR Club Alert Still In Play
MAGR is a long way from over members. I still expecting significant
news coming out of Magnum. Drilling is starting any day and assay
results will be flowing through news releases soon. Each day Magnum
gets progressively closer to what I call "The Holy Grail". Yes my
word usage is very bullish but I am very very BULLLISH on MAGR. I
haven't been this excited about a company in a long time.
After Monday's Press Release entitled, "Magnum Exploration Program in
Progress" Magnum stock roared like an Eagle causing its stock to
trade as high as .29 Tuesday. I ask myself if investors were excited
to read Magnum was "about to commence drilling" what will happen to
the share price when drilling results come in with high
concentrations of copper & gold deposits. This is my opinion only, so
understand this why my hard earned money is invested in this company.
Magnum Closed Today
@ 0.17…. - 0.0296 (14.83%)
I would like my club members to understand one of Magnum's claims is
located very close to Ivanhoe's claim. Ivenhoe's NASDAQ symbol is
HUGO trading at apx. $6. I still believe if Magnum's assays come in
strong OTCBB: MAGR will have significant price adjustments. Again
this is my opinion and you can all make yours.
Thank you,
Hal Engel aka WillyWizard
______________________________________________________________________
Company Overview
Magnum d'Or Resources is a junior resource development company
governed by professionals focusing on the exploration of premium
base, and precious metal assets primarily located in Mongolia. The
Company is currently exploring 4 properties in Mongolia whereby the
Company has an option to earn 100% of the properties, and to purchase
the royalties outright. Two of the properties are strategically
located near the town of Undurshill adjacent to Ivanhoe Mines'
property in Mongolia. Magnum's recent discoveries in the Undurshill
properties, and the recent acquisition to earn up to a 100% interest
in the Khol Morit porphyry-copper gold property will ensure a busy
exploration year for Magnum in 2004. Recent Mongolian discoveries are
attracting worldwide exploration interest in Mongolia, and land
acquisition processes are proving favourable for exploration
licensing.
Magnum Power Point Presentation: UNDERSHIL PROJECT, Gobi License,
Eastern Mongolia
magnumexploration.com
.ppt "Takes time to load"
1. Current management and their backgrounds:
Presently, our management consists primarily of our Board members as
well as various other professional people, an executive management
board, and pertinent committees.
2. Board members and their backgrounds:
Mr. John K. YEE, Chairman has 15 years experience in the golf and
hospitality industries in the United States and Canada. As an
independent land developer, Mr. Yee has a multinational background in
consulting agreements and joint ventures in the United States,
Canada, and more specifically in the Far East. In 1994, Mr. Yee was
appointed Director of Goldrush Casino and Mining Corporation
("Goldrush"), a Vancouver Stock Exchange listed company. He then
became President and Director of Goldrush during 1995 and 1996, to
oversee the business plan of that company.
Mr. Reno J. CALABRIGO, B.A. Simon Fraser University (1981), M.B.A.
University of Idaho (1983), 1984 - 1986 VP Consolidated Cinola Mines
LTD, 1987 - 1991 VP City Resources (Canada) LTD, 1992 - 2003 private
investment banking.
Mr. Kenneth G. SANDERS, BASc, P Eng. University of Toronto. As a
mining geologist, Mr. Sanders brings fifty-three years experience of
mining and mineral exploration expertise to the Board.
Mr. Robert CURRIE has been active in the public markets for over 20
years as both a director and a private investor. Mr. Currie served as
a Board member of both Beaver Resources and Goldrush Casino and
Mining. For 15 years, Mr. Currie ran a successful private corporation
in logging road construction.
Ms. Janet WINKLER is a private consultant in the food and hospitality
business.
3. Current project status as well as exploration/development plans
for the next six/twelve months:
Six months ago the Company had approximately 50,000 hectares of
optioned mineral licenses, and very little information on the
property. We have developed our mineral property portfolio to
approximately 180,000 hectares, and discovered three mineral zones,
two of which are ready for preliminary drilling.
4. The Undurshil projects current status:
All three mineral zones, The Arsenic Zone, Magnetite Hill, and the
New Copper Zone warrant the next step of exploration. Magnetite Hill
and the New Copper Zone are ready for preliminary drilling, and more
geophysics. The Arsenic Zone is not quite ready for drilling because
of additional surface exploration and geophysics that is currently
being done. This can be carried out simultaneously as the three zones
are situated quite close together. Plans are underway to start
exploration in late February to early March 2004.
Our geologists are presently reviewing the newly acquired Khol Morit
(link to: magnumexploration.com
property, and plans are also underway to conduct preliminary
exploration on the property this year based upon the recommendations
of our geologists. Professional geologists carry out all exploration.
The Company's current exploration contractor is Rio Minerals Limited
based in Vancouver, B.C., Canada.
5. Capital structure:
The Company has 94,782,000 shares issued and outstanding. Management
and close associates hold approximately 30% of the outstanding float.
6. Highest potential project (s) and why:
It is very difficult to rate our exploration targets at this point in
time as to their potential. Exploration is a process of elimination,
and work done to date has not eliminated any one of our current three
mineral zones as less worthy than the others. In theory, The Arsenic
Zone, and if an Olympic Dam style deposit is found there, would be a
very high impact discovery for the Company. If a large copper gold
system is found beneath Magnetite Hill joining the New Copper Zone,
this would also prove to be a high impact discovery as well for the
Company. At this stage of exploration, results have been extremely
favorable in all of the above areas.
7. Magnum currently has sufficient financial resources to complete
the exploration programs planned:
The Company has completed a small financing on $150,000 USD, and is
currently in the process of finalizing a $1,000,000 private
placement. At the close of the financing, the Company will have a
surplus of funds even after meeting all of its exploration
expenditures forecasted for 2004.
8. Operating outside Canada with characterization of the political
risk of operations:
The political risk in Mongolia is non-existent because the country
operates as a democratic nation. Our entire geological request to the
Mongolian Mining and Resources Department are handled promptly and
efficiently. They welcome the foreign investment, and partner with
foreign investors to build the country's infrastructure. As a mining
company, we are very happy to be outside the continent of America.
According to recent reports, there has not been a new mine opened in
the US for years, because of US laws and legislation.
Although Magnum is a junior resource exploration company, it
recognizes environmental, safety, and social progress issues. The
Company is in an extensive consultation period to determine code of
conduct guidelines relative to where the Company's mining operations
are based.
On a recent trip to Mongolia, Mr. John Yee, Chairman, personally
stated to the Mongolia government that, " Our company will be an
outstanding corporate citizen, we will respect all the laws of
Mongolia, create as much local employment as possible, and build as
much infrastructure as needed." He further stated that, " Our company
will be environmentally friendly at all times." Our safety is never
in question.
9. Initiatives Magnum has taken with respect to complying with the
prospective new corporate governance guidelines:
Magnum d'Or Resources has a corporate governance committee in place,
and this committee continuously reports to the Board of Directors.
All corporate governance laws are applied to the day-to-day
operations of Magnum.
10. Current investor program:
To date, the Company's investor relations programs have been limited.
Most of the effort and expenditure have gone into property
acquisition and development. However, it is anticipated that
management will proportionately increase its focus on investor
relations with the procurement of an investment relations contract in
the first quarter of 2004.
11. Approximate G&A expenses on a monthly basis:
This figure varies from month to month depending on the work programs
instituted at the time. For example, in the winter months the Company
would account for low G & A expenditures, and substantially higher in
the spring and summer months.
12. Three things to remember about your company:
1. Extremely prospective mineral findings in a land position
consisting of over 180,000 hectares in Mongolia, where world class
copper-gold discoveries are being developed today.
2. Implementing sound corporate/financial strategies based on
human resources from various backgrounds, and also from the mining
industry worldwide.
3. The number one objective and mandate of the Board is to
increase the asset base of the Company thereby maximizing the value
to the shareholders.
Source: Magnum IR
______________________________________________________________________
Shandi Property
The Shandi property is located in the Dundgobi province near the town
of Undershil just North of Ivanhoe Mines, Shuteen gold Target. The
Shandi property is situated on the Northeast border of Ivanhoe Mines
as well as the East border of International Uranium Corp.
The license areas on the Shandi Property previously explored by the
Mongolians, showed significant potential for select precious and base
metals. The property's primary interest is hydrothermal lode gold
mineralization as well as copper.
Geological Setting
The licensed areas are located near the Trans - Mongolian Tectonic
line. The Central part of the property represents the Undershil deep
fault, which it is separating two extremely different folded
buildings of Caledonids to north and Variscides to south. By the
recent terrain analysis two types of terrain were found, Dundgobi and
Undershil Basin.
Previous work on the licensed areas was divided by two metallogenic
belts, named as the Dundgobi-Buyant and the Suhbataar where our
property is mainly situated, both these belts are situated by the
Undershil deep fault. The Undershil deep fault is considered to be
the most significant structure for gold mineralization of this
region. In the Suhbaatar metallogenic belt overlaying the south and
main portion of our property there was evidence for manganese and
hydrothermal lode gold Mineralization. The Dundgobi-Buyant
metallogenic belt which overlays the North end of the property an
endogenous mineralization was widely determined. Dominated ore
mineralization types are fluorite, base metal, iron and precious
metals.
READ ENTIRE COMPANY PROFILE: Including picture maps with location
willywizard.com
Also Visit Magnums's Web Site For Further Information
Website: magnumexploration.com
______________________________________________________________________
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