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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (32589)	11/22/2004 1:45:15 PM
From: Rocket Red	Read Replies (1) \| Respond to of 39344

Leg was a P+D in 2002 and I think your seeing the tax loss selling here on it

To: Salt'n'Peppa who wrote (32589)	11/22/2004 2:54:26 PM
From: Rocket Red	Respond to of 39344

Mr. Michael Townsend reports LATEEGRA RELEASES OPTION ON CHINA, FOCUS TURNS TO SOUTHERN PERU Lateegra Resources Corp. has elected not to proceed with its option to acquire an interest in the Jingishan gold mine in the Henan province of central China. While the due diligence program proved to corroborate the initial data received by the company, the current share price and market conditions would make financing for the project and the share issuance requirements too dilutive of the company's share capital. Further to news as reported in Stockwatch on Nov. 4, 2004, Lateegra wishes to announce that it has now signed a definitive agreement with Solex Resources Corp. and will proceed with the acquisition of a 49-per-cent interest in Solex's uranium properties in southern Peru. The companies have contracted independent consultant Dr. Richard Jemielita, PhD, BSc, to visit the property and prepare a geological report compliant with National Instrument 43-101 as well as provide recommendations for future exploration programs. Dr. Jemielita has postdoctoral experience with sampling and monitoring several types of uranium deposits, and has over 22 years of experience in working with multinational companies and the British Geological Survey in Latin America. These companies included Anglo American PLC, Gold Fields Ltd., BHP Billiton, Inco Ltd., RTZ and Homestake Mining Co. In addition to evaluating other properties in the area and additional staking, Dr. Jemielita will supervise an initial work program of mapping and trenching. The uranium areas of interest cover an area of 200 square kilometres where several polymetallic veins have been identified. The mineralization appears to be controlled by local structures running east to west, northeast to southwest and north to south. Studies done by a German geological mission (1959 to 1967) show that the zones of possible economic interest appear to be related to the brecciated zones of the initial mineralization. Cobalt, nickel and uranium mineralization is favoured in the east-to-west structures, the intersections with northeast-to-southwest structures favour copper minerals and the north-to-south structures tend to favour lead and zinc minerals. The veins vary from 40 centimetres to two metres wide and outcrop is visible over a few hundred metres. The various mineral assemblages are formed in these veins in pockets or lenses. In addition, the company announces that it has granted incentive stock options to directors, officers, consultants and employees under its stock option plan for the purchase of up to 500,000 common shares of the company for a period of two years at a price of 10 cents per share.