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Gold/Mining/Energy : Canadian Microcaps -- Ignore unavailable to you. Want to Upgrade?

To: Gulo who wrote (418)	1/28/2005 12:27:57 AM
From: Taikun	Respond to of 817

G, <I don't think any of them really care if zircon or rutile recovery is feasible, but they have to allow the investigations because they don't own rights to the minerals (for the most part).> This assessment is most interesting. Perhaps I will need to reconsider. D

To: Gulo who wrote (418)	2/3/2005 10:11:04 PM
From: Taikun	Read Replies (1) \| Respond to of 817

Gulo, CWPC back in the news today and up today. What do you think of this? David News from PR Newswire CanWest Petroleum Prepares for Aggressive Exploration Drilling Program at Firebag East Oil Sands * E-mail this Article * Print this Article * Widen this Page 08:05 EST Thursday, February 03, 2005 CALGARY, Alberta, Feb. 3 /PRNewswire-FirstCall/ -- CanWest Petroleum (OTC Bulletin Board: CWPC), an oil and gas exploration and development company, announced today further details of its Firebag East Oil Sands Project in Alberta, Canada. The Firebag East Property is the largest land holding in the Athabasca Oil Sands Region, spanning 1,400,000 acres in 60 townships (2,187 square miles). The Athabasca Oil Sands Region contains the largest hydrocarbon resource in the world estimated at 1.5 trillion barrels of oil with 310 billion barrels of recoverable oil using today's technology. The Company announced it expects to begin its exploration program on the Firebag East Property in late February 2005, which will include drilling 20 wells. Thornton Donaldson P. Eng, President, Chairman and Director of CanWest Petroleum, stated, "CanWest's Firebag East Oil Sands Project is adjacent to and east of four world class oil sands projects with 14 billion barrel reserves and planned production of 500,000 barrels of oil per day." Donaldson continued, "Our Company has strategically positioned itself as the controlling shareholder of a private Calgary based operating company that now holds the largest land position in the Athabasca Region. The operating company is preparing for an aggressive exploration program in February with the potential to discover a world-class oil resource of several billion barrels, which is in keeping with the Firebag area. This is truly a major achievement for an emerging-growth, junior company such as ours." The operating subsidiary's management team is under the direction of its President, Christopher Hopkins, B. Sc., MBA. Christopher was a founding shareholder, Director and Executive VP of Synenco Energy Inc., which has a deposit in the Firebag Region with stated reserves in excess of 2 billion barrels oil and planned production of 125,000 barrels oil per day. He has 29 years experience in all aspects of oil sands exploration and development and held former senior positions with Suncor's oil sand group, Pembina Corp, and Amoco Canada. About Firebag East Oils Sands Project The McMurray and Wabiskaw paleochannels within the Firebag East Property contain oil, which is confirmed by previous drill hole cores and logs that show a potential pay thickness of 150 feet in the Wabiskaw formation and 58 feet in the McMurray formation with several drill hole intersections grading better than 7% oil by weight. The best oil sands grade encountered was in the McMurray formation over a 20-foot interval, which graded 9.1% oil by weight. Cut off grades for Athabasca Oil Sands production is 7% oil by weight which suggests the Firebag East Project has world-class development potential for several billion barrels of oil. On receipt of Saskatchewan government approval within the next few weeks, an exploration program including approximately 20 wells will be drilled in the western portion of the Firebag East property within an area of known oil showings and adjacent to the proven reserves of other projects containing 14 billion barrels oil reserves. Each hole will be core sampled with a complete suite of logs run. About The Athabasca Oil Sands The Athabasca Oil Sands currently account for 50% of Canadian oil production and is expected to account for 70% by 2010. Canada currently supplies over 15% of all US oil imports, which will likely increase given the expected increase in oil sands production, the proximity to the United States and the security of supply. Analysts report Athabasca Oil Reserves at 310 billion barrels of recoverable oil, with a potential for over 1.5 trillion barrels oil. As a comparison, Saudi Arabia has 260 billion barrels of recoverable oil. On discovery of reserves, analysts will currently assign 20+ cents per barrel of oil in the ground, which may rise to $2/barrel of oil in the ground at the time of production. About CanWest Petroleum Corporation CanWest Petroleum Corporation (formally Uranium Power Corporation) has exploration offices in Calgary, Alberta and is exploring world-class petroleum properties in Canada. The Company holds more than 2.25 million acres of land under permit for exploration and comes to market with a potential resource of ten billion barrels of oil. For more information visit canwestpetroleum.com. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission. For more information, contact: CanWest Petroleum Corporation Randall Pow 888-858-7759 OR Steve McGuire 800-877-1626 or 604-606-7979 investor@canwestpetroleum.com canwestpetroleum.com otcfn.com SOURCE CanWest Petroleum Corporation CONTACT: Randall Pow, +888-858-7759, or Steve McGuire, +1-800-877-1626, or +1-604-606-7979, investor@canwestpetroleum.com, both of CanWest Petroleum Corporation

To: Gulo who wrote (418)	2/5/2005 3:37:54 AM
From: Taikun	Respond to of 817

Gulo, Interesting story on TIC in Canadian business. (BTW did you see CWPC the last few days?) Essential minerals by Jeff Sanford Titanium Corp. hopes to cash in on the oilsands. 2005-01-31 For those unfamiliar with the family of heavy minerals, titanium dioxide is a compound derived from titanium, and is used as a whitening pigment in paint, paper and cosmetics. That means the world uses a lot of it--four million tonnes annually, in fact. Zircon is another heavy mineral basic to manufacturing--it's used in the production of television and computer screens--which explains its huge worldwide production of 910 million tonnes each year. Supply of heavy minerals, then, is vital to modern life. But they can also be difficult to get. The largest deposits of titanium are in remote areas of South Africa and Australia, where they usually exist in concentrations of 2% to 4%. Getting the stuff out of the ground requires massive mining operations, and, in the case of zircon, there could be a shortage on the horizon, as existing mines mature. But there's one global source yet to be developed, and it could seriously shake up the market. Syncrude Canada Ltd.'s massive oilsands operation outside of Fort McMurray, Alta., pulls hundreds of thousands of tonnes of sticky goo from the earth every day. Once the oil is extracted, the leftover sand is dumped into a tailing pond--which is rapidly becoming a lake as the oil producers work through the 300 billion barrels of oil trapped in the sands. That's splendid news for Titanium Corp. Inc. (TSXV: TIC), a Canadian company that has developed a proprietary process for extracting titanium-bearing minerals and zircon from oilsand tailings, which contain heavy minerals in concentrations up to 33%. Basically, the business is about dipping a pail and then sifting and drying out titanium-bearing minerals and zircon. Put it in a bag; send the invoice. "We hook our input pipe up to their output pipe and that's it," says George Elliott, chairman and CEO of Titanium Corp. "It's an attractive business case." Well, as long as the odd dynamics of the titanium market can be harnessed successfully. As an element, titanium (22 on the periodic table) is basic to many downstream production processes, but there are only about five buyers of the stuff--basically, big chemical companies like DuPont. There are no spot markets for it, and standard procedure in the industry is to sign secret 10-to-20-year contracts to guarantee supply. Essential minerals by Jeff Sanford Titanium Corp. hopes to cash in on the oilsands. 2005-01-31 …cont'd Breaking into the club will take some fancy footwork and a soft touch, but Elliott is already in negotiations with several large buyers and has set a goal of supplying 8% of the world's titanium and 5% of its zircon. The cheap extraction process and proximity of supply to big North American processors suggest a gleaming future for Titanium Corp. "The big users of titanium have always been looking for this," says Elliott. "It's what they want." canadianbusiness.com David