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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (44501)	7/10/2007 12:44:51 PM
From: koan	Respond to of 78419

BWR/MKO, I believe MKO just finished 8,000 meters of drilling and now have followed up with another 4,000 meters. This tells me three things: 1) MKO and BWR are getting along. MKO is doing the drilling 2) they may have a found soemthing at Orphee 3) BWR will keep funding drilling as they do need mor eore for their langlois. They do not have as much ore as they would like, having spent about 35 million in th elast year on their mine infrastrucure. Metco Resources Inc (C-MKO) - News Release Metco, Breakwater plan second phase drilling at Orphee 2007-07-03 08:36 ET - News Release Shares issued 104,255,550 MKO Close 2007-06-29 C$ 0.115 Also News Release (C-BWR) Breakwater Resources Ltd (2) Mr. Florent Gauthier of Metco reports METCO ADDS A MINIMUM OF 4,000 M OF DRILLING ON ORPHEE AT LEBEL-SUR-QUEVILLON Metco Resources Inc. is planning a second phase of drilling for a minimum of 4,000 metres of additional drilling on the lower periphery and at proximity to the western side of the deposit. This work shall commence at the beginning of July. The Orphee deposit located in the Lebel-sur-Quevillon mining camp is held in a 50:50 joint venture with Breakwater Resources Ltd. The continuing prefeasibility studies being prepared are due in the near future, namely in July for the Caber-Caber North study and in August for the Orphee study. Metco also wishes to announce that it has increased by five million the number of shares reserved for issuance within its stock purchase option plan. The amount of shares that can be issued under the plan now totals 10 million. This increase is subject to the approval of the TSX Venture Exchange. Metco further announces the granting on June 22, 2007, of 200,000 stock purchase options of Metco to a director of Metco at the exercise price of 10 cents per share for a period of two years ending on June 22, 2009. These options replace the same amount of options that were granted to the same person, which have expired on June 20. Florent Gauthier, PEng, is the qualified person who has reviewed the content of this news release.