Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : MOLYMANIA the race is on -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (59)	1/22/2005 2:30:45 PM
From: Rocket Red	Respond to of 336

Hinterland acquires Setting Net Lake molybdenum deposit 2005-01-21 13:07 ET - News Release Shares issued 16,582,358 HMI Close 2005-01-20 C$ 0.10 Mr. Mark Fekete reports SETTING NET LAKE MOLYBDENUM DEPOSIT ACQUIRED Hinterland Metals Inc. has acquired the Setting Net Lake molybdenum deposit located approximately 200 kilometres north of Red Lake, Ont., by staking 64 claim units (1,024 hectares). An inferred resource of 90 million tonnes of 0.054 per cent Mo is reported for the deposit (Kirkham, R.V., and Sinclair, W.D., 1996, porphyry copper gold, molybdenum, tungsten, tin, silver in geology of Canadian mineral deposits types, GSC, volume No. 8, pages 421 to 446). This resource is not compliant with National Instrument 43-101 guidelines and Hinterland does not consider it reliable. The deposit is hosted in a small porphyritic granitic pluton that is emplaced into Archean mafic volcanic and sedimentary rocks at the north end of Setting Net Lake. A zone of molybdenum mineralization has been outlined up to a width of 450 metres and over a length of 2,400 metres on surface in altered granite. The following table lists selected drill intersections reported by Caspian Resources Ltd. (Fox P.E., 1979, MNDR assessment file No. 63.3580). Hinterland has no way to verify these intersections and in the context of NI 43-101 does not consider them reliable. All holes were drilled at 330 degrees azimuth and minus 45 degrees dip and are spaced roughly 300 metres apart. In all cases the holes bottomed in mineralization. Hole From To Int. Int. MoS2 Cu No. ft ft ft m % % 5 32 968 936 285.3 0.060 0.03 6 12 773 726 221.3 0.043 0.02 7 17 743 726 221.3 0.043 0.02 8 17 634 617 188.1 0.022 0.01 Hinterland is currently focused on its Teck gold project located in Kirkland Lake, Ont., and on its Lockout gold project located in the Barry-Urban area of Quebec. Therefore it will be seeking a joint venture partner to finance the initial phase of exploration on the Setting Net Lake molybdenum property. It is anticipated that the first phase of exploration will involve line cutting, magnetic, induced polarization and mapping surveys over the zone to be followed by diamond drilling aimed at establishing the reliability of previous drilling intercepts. Mark Fekete, PGeo, is the designated qualified person as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the preparation of this release. We seek Safe Harbor.

To: Condor who wrote (59)	1/22/2005 2:44:14 PM
From: Rocket Red	Read Replies (1) \| Respond to of 336

Its buyer beware not off the deep yet LOL

To: Condor who wrote (59)	1/22/2005 5:57:22 PM
From: Rocket Red	Read Replies (1) \| Respond to of 336

ROK is one to watch closely (volumes,price action that will be key entry point

To: Condor who wrote (59)	1/22/2005 7:01:50 PM
From: maxncompany	Read Replies (3) \| Respond to of 336

WEX.V......will likely be producing before any of the other moly juniors. Production in 2005, possibly beginning 1st half of 2005. Small deposit, but extremely rich moly grade. They JVed the property to operator GPXM. Of the 2, I prefer WEX.V as they will see stellar earnings (WEX.V has only 10.3 million shares Fully Diluted). Also much of the proeprty yet to be explored. On the other end of the spectrum look at the extremely high tonnage/decent ore grade of PBX.V They must drill to get to 43-101 standards. But historical resource estimates anywhere from 500 million tons to 1.3 billion tons. And they put the grade anywhere from 0.11% to 0.22%. At the low end (500 million + 0.11%) that would mean 1.1 billion pounds of moly. Speculative to be sure, but what if those numbers do get proven up?