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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (21959)11/26/2004 11:04:19 AM
From: mimur  Read Replies (1) | Respond to of 312300
 
ralf....sour grapes for breakfast again?



To: Proud Deplorable who wrote (21959)11/26/2004 11:14:36 AM
From: Rocket Red  Read Replies (1) | Respond to of 312300
 
Its is metal Coking coal = steel thats metal too me



To: Proud Deplorable who wrote (21959)11/26/2004 11:16:44 AM
From: mike n.  Read Replies (1) | Respond to of 312300
 
this news release seems to have awakened a long dormant company.The price has basically doubled today (.095 to .20) but not on much volume(91,000) What caught my eye was the part I highlited in bold. Any comments about the potential or lack of it here would be appreciated. thanks

mike

Windarra Minerals releases Pukaskwa assays

Windarra Minerals Ltd (TSX-V:WRA) Shares Issued 23,721,909Last Close
11/24/2004
$0.095Thursday November 25 2004 - News Release

Mr. John Pallot reports

POTENTIAL NEW GOLD ZONE ON PUKASKWA PROPERTY

Windarra Minerals Ltd. has received encouraging assay results from a recently completed
prospecting program on the Pukaskwa property. The Puskaskwa property is located
within the
Mishibishu greenstone belt approximately 60 kilometres west of Wawa, Ont. Windarra is
earning 100-per-cent interest in the 880-hectare (55-claim-unit) Pukaskwa property.

The prospecting program was executed by Stares Contracting Corp. of Thunder Bay,
Ont. The
program comprised 40 man-days of prospecting with 69 samples being assayed for gold.
The
program focused on evaluating the eight-kilometre strike length of the previously defined
gold-bearing deformation zone. Previous exploration in the late 1980s had identified the
gold-bearing Champagne vein and West Aardvark occurrence. Five samples of the
Champagne
vein, taken during the October program, returned values between less than five parts per
billion
to 0.44 ounces gold per ton.

The prospectors discovered a new gold occurrence five kilometres from the Champagne
vein
and 0.5 kilometres southwest of the West Aardvark occurrence. The new occurrence is
held
within angular quartz vein blocks from 0.5 to 0.7 metres, square. The showing sits on the
north
flank of a large soil anomaly outlined by previous work programs. The four samples of
the
visible gold-bearing quartz blocks assayed between 12.2 and 62 ounces gold per
ton. Another
assay of the four samples using the reject portion of the samples returned grades
between 14.54
and 39.20 ounces gold per ton. The angular nature of the quartz boulders and
shallow
overburden indicate the boulders have not travelled far from source.

The prospecting samples from other parts of the properties assayed less than five to 620
parts
per billion gold. All samples were sent to Accurassay Laboratories (ISO-certified) of
Thunder
Bay, Ont. The gold values were determined by fire assay of a 30-gram sample with an
atomic
absorption finish.

Windarra is presently planning for additional exploration to assess the economic potential
of the
new gold showing and the rest of the property. The onset of winter conditions has
precluded
additional prospecting this year. Windarra is planning a spring program to further evaluate
the
new high-grade gold showing.

This press release and the available technical data has been reviewed and approved by J.
Garry
Clark, PGeo, a qualified person.

© 2004 Canjex Publishing Ltd.




To: Proud Deplorable who wrote (21959)11/26/2004 11:43:09 AM
From: Eva  Respond to of 312300
 
LOL



To: Proud Deplorable who wrote (21959)11/26/2004 1:57:42 PM
From: hank2010  Read Replies (1) | Respond to of 312300
 
Coal dust could be better than gold dust!

I have not been in a coal mine in over 20 years, but am recently speculating in this sector. As I stated earlier, I got into CMK early (.18 to .30 range) because of their gold property. Still holding a good chunk, because of the gold, because of their quality coal deposits and because of the Japanese involvement. (if they think it is a good deal who am I to differ).

I reckon I got bitten by the coal bug. Coal at $120 per ton is equiv. to .267 oz gold per ton (9.15 g/t). When these guys start talking 300 million tons at 9.15 g/t, it sorta grabs your attention. I spread a lot of my profit from CMK around on some other spec plays as follows.

SN 41.4 m shares O/S 300 to 600 million tons in Australia. Close to infrastructure, close to markets and IMO Aussies are the most aggressive in the world’s mining industry to-day. See Ride the Tiger post # 21722 by “retired in Aus” for a good summary.

CHX 12.9 m O/S coal properties in the Yukon. Potential for coal bed methane as well. Lowest cost entry fee to play the game but low level of infrastructure in the area is a concern.

HLB 32.2 m O/S, is a producer! Albeit a small one (EPS of $.05 for past 9 months). Mainly producing high quality coal for cement kiln feed etc. from underground. No spot sales in the past quarter all sales under contract. But the big story is their deal to acquire Cumberland coal in Tennesee which is an OP producer who must go undg. HLB has the expertise. HLB also has potential open pit coal in elk Valley of BC, and potential for coal bed methane. this is the safest IMO.

RAC 15.5 m O/S. They have 300 million tons of thermal coal about 100 miles SW of Denver, Colo. They have signed MOUs with Kiewit (one of largest US contractors and experienced coal mine owner/operator) and with Black Hills Power (a electrical utility power producer/marketer ) to study feasibility of a mine mouth generating station to supply power. This is my favorite, right now.