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Gold/Mining/Energy : Exall Resources/Glimmer Resources -- Ignore unavailable to you. Want to Upgrade?


To: Jimsy who wrote (1277)9/18/2005 7:36:29 PM
From: winzer5  Respond to of 1319
 
"RE: so this is HUMONGOUS!

That's the kind of feeling that I'm getting from this one. Let's hope that we're not disappointed.

Best of Luck Winzer



To: Jimsy who wrote (1277)9/21/2005 6:42:42 PM
From: winzer5  Respond to of 1319
 
HUMONGOUS IS RIGHT, "The private placements have been going on with zest without the assays of BC10-3 out yet, but likely visible gold in it, so this is HUMONGOUS!"

Exall cuts 21.68 g/t gold over 11.11 m at Gold Eagle

2005-09-21 10:40 ET - News Release

Mr. Stephen Roman reports

EXALL RESOURCES LIMITED: 21.68 G/T OVER 11.11 M '0.63 OZS/T OVER 36.45 FEET' CUT BY DDH BC10-3 AT GOLD EAGLE MINE PROPERTY, RED LAKE, ON

Exall Resources Ltd. and Southern Star Resources Inc. have released the following results of the latest drilling from the Bruce Channel discovery on the Gold Eagle mine property, Red Lake, Ont.

BC 10-3, which intersects the mineralized system above BC 10-1, continues the program aimed at obtaining further information on the large gold-bearing area indicated by BC 10-1 and BC 10-2 (see news as reported in Stockwatch Aug. 29, 2005). The drill hole was collared off a wedge inserted in BC 10-2 at a depth of 1,134.50 metres. The final depth of this hole was 1,584 metres at a lateral distance from the bottom of BC 10-2 of approximately 150 metres.

The interval from 1,263.21 to 1,266.96 metres (3.75 metres) runs 0.46 gram per tonne. It is part of a brecciated chert unit noted from 1,257.60 to 1,268.32. When included with the other figures referred to above, the section from 1,257.21 to 1,268.32 runs 21.68 g/t over 11.11 metres (0.63 ounce per ton over 36.45 feet).

The significant results are as follows:

Intersection Length Gold Gold
From To Metres Feet g/t oz/t
(m) (m)

1217.00 1219.88 2.88 9.45 4.19 0.12
1257.21 1268.32 11.11 36.45 21.68 0.63
Incl 6.00 19.69 36.18 1.06
VG
Incl 0.42 1.38 190.77 5.564
VG
Incl 0.40 1.31 271.29 7.913
VG
1266.96 1268.32 1.36 4.46 16.20 0.47
Incl 0.69 2.26 30.99 0.904
1435.00 1435.80 0.80 2.62 4.49 0.13
1442.85 1444.70 1.85 6.07 2.43 0.07
1466.15 1467.56 1.41 4.63 27.07 0.79
Incl 0.71 2.33 52.45 1.53
1476.00 1481.13 5.13 16.83 1.40 0.04
1487.48 1493.08 5.60 18.37 3.41 0.10
1498.64 1501.60 2.96 9.71 32.74 0.95
VG
Incl 0.36 1.18 255.08 7.44
VG

Notes:

* VG -- visible gold

* Lengths reported are core intersection lengths and do not represent true widths. It is anticipated that true width estimates will be possible after additional drilling.

* Conversion -- g/t times 0.0292 equals troy ounce/short ton

A working stratigraphy is being developed across these zones of gold mineralization which is characterized by a sequence of metasediments with mafic volcanics. Several silicified sections with moderate to strong carbonate and biotitic alteration can be followed from BC 10-2 to BC 10-3. The area between BC 10-1 and BC 10-3 will require additional drilling to further define the structure.

Diamond drilling is continuing. A further hole infilling the area between BC 10-1 and BC 10-3 was abandoned due to problems with the drill rods. This hole has been restarted and is currently drilling. Results are expected during mid-October. A second drill rig will be added by the end of October to increase the productivity of the drill program. Drilling is expected to continue during the freeze-up period.

Qualified person

The Gold Eagle mine property drill program is being carried out under the direction of John F. Whitton, PGeo, the qualified person within the meaning of National Instrument 43-101. Mr. Whitton has reviewed the contents of this news release.

Sample preparation and assay procedures are carried out by SGS Laboratories in Red Lake using standard fire assay method with AA finish and metallic



To: Jimsy who wrote (1277)10/5/2005 11:13:15 AM
From: winzer5  Respond to of 1319
 
More Great News? Exall Decided Not to Continue With the Planned Spin-Off.

One Guy on Stockhouse seems to think so!

Cheers,
Winzer

Press Release Source: Exall Resources Limited

Exall Reorganization Update
Wednesday October 5, 10:51 am ET

TORONTO, ONTARIO--(CCNMatthews - Oct. 5, 2005) - Exall Resources Limited ("Exall" or the "Company")(TSX:EXL - News) announced today that the Company will not spin-out its mining assets, including the Gold Eagle Mine Property and its 3,000,000 share block of Southern Star Resources Inc. into a new company as previously planned (see news releases dated February 17, 2205 and May 11, 2005). This change is in response to strong investor interest in the Company's stock amid new corporate developments. A favourable tax ruling from the Canada Revenue Agency was received on September 29, 2005 for the original spin-out transaction.

ADVERTISEMENT
Since Exall and its 50% joint venture partner Southern Star, announced a significant gold discovery at the Gold Eagle Mine Property in Red Lake, Ontario (see news releases August 29, 2005 and September 21, 2005), the shares of Exall have been re-rated to account for the potential of this high grade gold structure. In order not to dilute Exall shareholders, and to further the development of the recently announced successful bid for UK North Sea oil and gas concessions (see news release September 8, 2005), the Company has decided to raise new equity capital in Exall Energy (UK) Ltd. ("Exall Energy"), a wholly owned subsidiary based in London, England. The plan contemplates a public offering in Europe and a listing on London's Alternative Investment Market (AIM).

To summarize:

- Exall Resources Limited will remain a gold exploration and development company.

- Canadian and American oil and gas assets will remain in Exall to utilize available tax pools and provide the Company with a base of increasing cash flow.

- All international oil & gas assets will be held and financed through Exall Energy (UK) Ltd.

- Common shares of Exall Energy are expected to be floated as a new issue on the AIM market by mid 2006.

"In light of our recent success at the Gold Eagle Mine Property and the significant re-rating of our stock, management believes that it would be it prudent to create a new, publicly traded international oil and gas company that would benefit Exall shareholders and be accretive to the parent company" stated Stephen Roman, Exall's Chairman and CEO. "We continue to review a number of new oil and gas opportunities and expect to announce updates over the coming months that could significantly impact both the value of our international subsidiary and our North American operations."

Exall Resources Limited is a Toronto Stock Exchange listed company that trades under the symbol EXL (S.E.C. registration #82-3535). Exall is active in the business of gold exploration and development in Red Lake, Ontario, as well as oil and gas exploration, development and production from its properties in Alberta, British Columbia, Texas and the United Kingdom's North Sea sector.

There are 69.5 million common shares issued and outstanding.
Contact:

Exall Resources Limited
Stephen G. Roman
Chairman, President and CEO
(416) 368-3949
www.exall.com

Source: Exall Resources Limited



To: Jimsy who wrote (1277)10/16/2005 5:32:34 PM
From: winzer5  Read Replies (1) | Respond to of 1319
 
Exall Update The next BreX? Or the Next Goldcorp?

At the very least, it should be fun to watch over the coming months. However, it goes without saying that you should do your own Due Diligence and/or talk to your own advisor.

I'm talking about Exall/SSR, below is a link to a Real Audio interview with Stephen B. Roman(SBR), Chairman of Exall, I think that it is pretty fair/not overly promotional, just information/facts. There are a lot of nice maps & plans on the (Southern Star Resources) SSR Website. Notice the location of the two shafts that SBR mentioned in his interview.

ceocast.com

Step 1. Bring Up the CEOcast Website (above).
Step 2. Register in Your own name (it will ask for your e-mail and make up a password).
Step 3. Click on 10/14/2005 Exall Resources Limited ..... Stephen B. Roman.
Step 4. Interview Format is Real Audio.

The chairman's key statement in the audio piece is that he will be making "monthly announcements". i.e. because of the drilling program, they (EXL/SSR) are planning to make
press releases on the drill hole data (12 holes planned) about once a month.

If you can bring up an Exall graph, you will see that we have three "Waterfalls" (to coincide with each announcement) so far. i.e. a waterfall describes an episode where a stock rises with an announcement then settles back until the cycle repeats itself on succeeding announcements.

Option 1 (most likely in my opinion) we have an offer from Goldcorp (or either partner or another major) for all the outstanding shares of EXL and/or SSR (Option 2, the least likely; but should be a reminder to ONLY invest the money that we can afford to loose).

Boom or Bust?
You Be the Judge (& Jury).
Winzer

Weasel Clause: The next BreX? Or the Next Goldcorp? I hope the latter. I believe that because of Brex the CIM 43-101 (new rules and regulations acceptable to the Canadian regulators) has "virtually eliminated" the chance of a repeat of the BreX debacle.