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To: ms.smartest.person who wrote (548)	12/23/2005 11:44:54 PM
From: ms.smartest.person	Read Replies (2) \| Respond to of 3198

&#9658 Columbus Gold Corp. filed on 11/9/05 for listing on TSE-V. Has a property just west of the Gold Acres deposit. 9.9% owned by Rick Rule of Global Resource Investments, a U.S.-based leader in private placements and IPOs for junior mining companies. Columbus is in partnership with Cordex Exploration, headed by the mining legends John Livermore and Andy Wallace who discovered the original Carlin mine which launched the modern Nevada gold era. The Carlin Trend has so far produced 50/60 million ounces of gold. Columbus and Cordex are working on several projects, the most promising being Utah Clipper, a target located immediately north of the 12 million ounce Pipeline deposit in the Cordex Trend. Columbus is planning to list on the TSX-V later this year. Columbus Gold Corp's website has this message on their webpage columbusgoldcorp.com This website is for the internal use of Columbus Gold Corporation only. The information contained in this website is privileged and confidential. If you are not an employee, consultant officer or director of Columbus Gold Corporation you are hereby notified to exit this website immediately. Cordex Exploration Co is a company in Nevada, USA. It is controlled/owned by Glamis Gold Ltd. --------- Business Description: ipo.investcom.com Columbus Gold Corp. is engaged in the business of mineral exploration in Nevada and Arizona, USA. On March 10, 2003, the Corporation entered into a letter agreement, as amended June 18, 2003 and ratified June 13, 2005, with The Other Mining Company U.S. Inc., a 100% owned subsidiary of Hidefield, pursuant to which TOMC agreed to assign, transfer and sell to the Corporation all real property owned by TOMC, comprised of a) a 100% interest in the Utah-Clipper Project; b) an 83% interest in the Dutch Flat Project; c) a 100% interest in the Chert Cliff Project; d) a 100% interest in the Silver District Project; e) a 50% interest in the Four Metals Copper Project

To: ms.smartest.person who wrote (548)	12/24/2005 12:09:14 AM
From: ms.smartest.person	Respond to of 3198

Petaquilla To Spin-Off Gold Deposit And Exploration Assets In Panama Next Year Petaquilla Minerals is a junior mining company listed on Frankfurt as well as Canada which has a similar business model to that of AIM listed Serabi Mining in that it has focussed its operations on a single region. In the case of Serabi it has a100,000 hectares in the Tapajos region of northern Brazil. Petaquilla has 795 sq kms which virtually encompasses the Petaquilla mining district in Panama. Instead of spreading themselves over a number of countries and metals which inevitably add to management and exploration costs, Serabi is after gold and Petaquilla is involved in copper and gold. Panama is in central America and Petaquilla is about 100 kms west of the Panama Canal. Panama itself is a stable democracy which is keen to expand its hitherto modest mining industry. The company’s major project is the Minera Petaquilla copper joint venture with Teck Cominco and Inmet. It also owns the the Molejon Gold Project, a stand-alone gold project on the same concession that contains an estimated 893,000 ounces of gold and is still growing. And in addition to all this it owns a huge area of unexplored land round these two deposits which will be the subject of future exploration and/or joint venture opportunities. Petaquilla is therefore going to suggest to its shareholders early next year that it should separate the big copper porphyry joint venture from its precious metal deposits and exploration property. This would make a lot of sense as Petaquilla's primary focus is the development of its interest in the world-class Minera Petaquilla porphyry copper deposits. This focus would hamper the exploration and development its advanced stage Molejon gold deposit and adjoining exploration lands. The precious metal deposits and exploration lands will be transferred to a new corporation in exchange for shares that are then intended for distribution to Petaquilla shareholders. This move should ensure that the original company has no demands on its funds other than to ensure that its interest in the Minera Petaquilla joint venture is not diluted, and the new company will be free to adopt its own strategies and fund its own precious metal projects as it pleases. It looks good for Petaquilla shareholders as they retain a direct interest in one of the largest undeveloped copper deposits in the world as well as having shares in a more aggressive exploration and development company that will focus primarily on precious metal deposits. The massive copper-gold porphyry system owned by the Minera Petaquilla JV contains proven reserves of 1.115 billion tonnes grading 0.50% copper, 0.09 g/t gold, 0.015% molybdenum, as well as recoverable silver. The recoverable metal content contained in these reserves totals at least 9.4 billion pounds of copper, 1.37 million ounces of gold, 24.1 million ounces of silver, and 131.1 million pounds of molybdenum. The project has sound legal tenure as the Panamanian government passed a contract law in 1997 (Ley Petaquilla) setting out the terms governing the development of the Minera Petaquilla concession and providing a stable 60-year land tenure, a favorable tax regime, and protection from any future changes in legislation. The present ownership situation within the joint venture is that Petaquilla Minerals owns 52 per cent and Inmet Mining 48 per cent. At present, TeckCominco holds no interest but can acquire an effective 26 per cent interest by funding Petaquilla’s share of the cost of placing this project into production. It will be very useful to have Teck Cominco involved as it directed the bankable feasibility study carried out by AMEC back in 1998, and it would be very easy for Petaquilla to lie back and enjoy the ride. The problem is that it would lose control and become a minority holder. The indication from the new arrangement is that it may not wish to take the easy option and is considering alternatives. More will be known about this in the new year when the gold interests are spun-off. Back in June Petaquilla reached agreement with Teck and Inmet whereby they are transferring their interests in the Molejon gold deposit and 100 per cent of any other gold deposits occurring on the partner's joint venture lands to Petaquilla. In October SRK Consultants prepared a 43-101 compliant mineral resource estimate which estimated the inferred mineral resource of the deposit to be 11.2 million tonnes grading 2.48 g/t for total contained gold of 893,000 ounces using a bottom cut-off grade of 0.5 g/t gold. This is a 35 per cent increase over the previous estimate and Petaquilla believes an upcoming drill programme will add further to the resource. Could be a very attractive IPO, especially if it could be brought quickly to production at the current gold price. minesite.com