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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (37044)	1/19/2006 10:52:52 PM
From: TheSlowLane	Read Replies (2) \| Respond to of 60929

Thanks! But, Teck-nically, I don't think Teck considers themselves to be a junior! However, I think they do have investments in about 30 juniors, so it's almost like owning a fund! So...if all (or even 1/2 of) the pension funds follow Hermes...where do you think prices are going?

To: Wade who wrote (37044)	1/19/2006 11:04:12 PM
From: TheSlowLane	Read Replies (1) \| Respond to of 60929

For example... Larry Myles Reports: Teck Cominco Limited Elects to Go Ahead at Jajay Project. Lysander Minerals Corporation (the "Company") is very pleased to announce that Teck Cominco Limited ("Teck Cominco") has elected, under the Participation Agreement between Teck Cominco, Lysander and Eastfield Resources Ltd. ("Eastfield"), to take up its earn-in option on the Jajay Project located approximately 280 kilometres northwest of Prince George, BC. Based on 2005 drilling of extensions to the high-grade copper-gold mineralization at the Upper Main Zone on the Lorraine portion of the Jajay Project (see news release dated December 15, 2005) and the additional potential of Lorne Warren's intervening Misty and Tam properties, Lysander believes that this area, lying halfway between the Kemess Mine and the Mt. Milligan deposit, will be one of the most active areas for copper-gold discoveries in 2006. Lysander with its interest in the Jajay Project, its 100% holdings in the adjacent Osilinka Project and nearby Pinchi Project holds the major land position in the area. The Jajay property encompasses approximately 30,650 hectares in 119 mineral claims. It was assembled by Lysander over a period of years and covers substantially all of a large ring-shaped magnetic anomaly (the Jajay Ring). The property hosts alkalic copper-gold-silver mineralization similar to various other copper/gold mines and properties in the Quesnel-Stikine Terrane, that runs south from Yukon to the US border. During 2005, Teck Cominco provided $1,500,000 under a convertible note to fund the 2005 Jajay exploration program. As a result of Teck Cominco's election to pick-up the option, the full cost of the 2005 program will be invoiced to Teck Cominco who will pay the invoice by extinguishing the convertible note. Under the terms of the Participation Agreement, Teck Cominco will spend a further $7,500,000 by December 31, 2010, at a minimum rate of $1,500,000 per year on a cumulative basis, in order to earn a 51% interest in the property. It may earn a further 9% interest by funding and completing a feasibility study. Upon a positive production decision, Teck Cominco can earn a further 5% interest by arranging or providing financing on behalf of Lysander and Eastfield. The existing option agreement with Eastfield ("Eastfield option agreement"), under which Eastfield can earn an interest in the property, subject to the retention of a royalty by Lysander, is suspended for the duration of the Teck Cominco agreement. During the Teck Cominco earn-in period Lysander and Eastfield will have equal interests. On formation of a joint venture after Teck Cominco has earned its interest, the joint venture interests of Lysander and Eastfield will also be equal and the Eastfield option agreement, including provisions for retention of a royalty by Lysander, will be terminated. Thus, following the expenditure of $9,000,000 and completion of a feasibility study by Teck Cominco, Lysander would have a 20% joint venture interest.