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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: Letmebe Frank who wrote (7191)	11/19/2004 9:46:45 AM
From: seventh_son	Respond to of 7235

Most of BC is a minefield of native rights claims, however I investigated pretty carefully the issue at Galore Creek (which would extend to Copper Canyon), and concluded that the natives would be onside in this one. For one, the area is remote enough that the vast majority of natives would not be impacted. More importantly, a lot of natives have been involved in mining at Eskay Creek nearby, which will be winding down about the same time that Galore Creek would be starting up. They would get new jobs rather than becoming unemployed, and the community would prosper. The current Tahltan leadership believes the community needs gainful employment like mining to avoid the kind of poverty and alcohol or drug abuse that seriously impacts other native communities in Canada. I think that a more serious worry is that the NDP might win the next election and institute more repressive laws for permitting that might tie up the projects. I'm not sure if this is a possibility or not because I haven't been keeping up with BC politics, but an election is coming in a year or so I think.

To: Letmebe Frank who wrote (7191)	11/23/2004 3:18:04 PM
From: VAUGHN	Read Replies (1) \| Respond to of 7235

Hello Frank *OFF TOPIC* I noticed your ITF post on this thread the other day. Here's today's NR: Freegold Ventures options Duke Copper Gold Property Drilling to Commence Immediately Freegold Ventures Limited. ("Freegold", the "Company") is pleased to announce it has entered into an agreement with Southern Rio Resources Inc. ("Southern Rio") pursuant to an agreement which Freegold may earn a 51% interest in Southern Rio's Duke Copper-Gold Project near Merritt, British Columbia. Previous drilling was not assayed for gold or silver assays but limited sampling of surface mineralization by Southern Rio has returned gold values ranging from 0.21 g/t to 0.48 g/t, and silver values ranging from 1.7 g/t to 20.6 g/t. Sampling was carried out by Lindsay Bottomer, P.Geo. Harry Barr, Chairman of Freegold stated" The Duke Property is an excellent early stage drill target". The Project is located 35 kilometres from the Highland Valley Mine, one of the largest copper producers in North America, and approximately 30 kilometres west of Merritt in southern BC. In 1963, a 12-hole program by Hurley River Mines returned a number of significant intersections, including 0.63 per cent Cu over 57.9 metres, 0.55 per cent Cu over 51.8 metres, and 0.61 per cent Cu over 33.5 metres. Southern Rio will be field manager of the initial exploration program. Recent forestry developments in the area have greatly improved road access to the property, and facilitates year-round exploration. Drilling at the Duke property will commence immediately. Under the Agreement Freegold may earn a 51% interest by spending $750,000 on exploration by October 1, 2007, making a cash payment of $10,000 and issuing 100,000 common shares of Freegold to Southern Rio. The initial $100,000 exploration expenditure by December 31, 2004 is a firm commitment. Freegold has the right to earn an additional 19% interest (70% total) by making further exploration expenditures of $1.0 million ($1.75 million total) by October 1, 2010, and making additional cash payments totaling $150,000 to Southern Rio. This agreement is subject to regulatory approval. On behalf of the Board of Directors "Harry Barr" Harry Barr, Chairman I've been chatting to Condor off and on for awhile about ITF on another thread if you're interested. Message 20719284 Message 20754886 Vaughn