Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CVR: V Consolidated Viscount Resources - Ringer??? -- Ignore unavailable to you. Want to Upgrade?

To: John Stokes who wrote (374)	11/26/1997 7:35:00 AM
From: Semyon Kuretsky	Read Replies (1) \| Respond to of 409

CONSOLIDATED VISCOUNT RESOURCES LTD. 830-355 Burrard Street, Vancouver, BC V6C 2G8 Tel: 604-488-0133 Fax: 604-669-5715 November 25, 1997 N E W S R E L E A S E Additional Nickel/Scandium Acreage Acquired in Washington State Consolidated Viscount Resources Ltd. (CVR-VSE) is pleased to announce that leases covering 120 acres have been acquired to cover the northern extension of its existing nickel/scandium deposit. This deposit is estimated to contain approximately three million tons of 0.65% nickel and 2 oz scandium per ton. No resource has been estimated on the new claims, however laterites are visible which are clearly part of the main deposit. The total area now covers 299 acres. Scandium is a rare earth mineral that has been used exclusively in metal halide lamps to improve colour appearance and produce high intensity, laser applications, aluminum alloys, anode tubes in x-ray spectrometers and semiconductors. In more recent years, the former Soviet Union developed a technology to alloy scandium with aluminum. This new metal was used extensively in the manufacturing of the MIG 29 aircraft and in aerospace projects. The new metal is much stronger than aluminum, corrosion free, and can now be welded. New uses for the metal continue to grow and, most recently, a large bicycle manufacturer announced that all new bicycle frames will be constructed using the new metal. Scandium currently sells for approximately US$280 per oz for 95% purity, and US$616 per oz for 99.99% purity. As demand increases, production will become feasible. The Company has had several inquiries over the past year about its deposit and exploration work is planned early in 1998 to evaluate the potential. A lower grade dunite deposit exists below the laterites but little is known about its overall size and grade. Few pure scandium deposits are known to exist in the world, and much of the scandium produced to date has been extracted from uranium and flourite deposits. This has been both complicated and costly. The Company's Washington state deposit could have important economic significance as the uses for scandium expand. For more information please contact Mr. Len Harris, President of Consolidated Viscount Resources Ltd. at (604)488-0133, fax (604)669-5715, or e-mail: sbroster@intergate.bc.ca CONSOLIDATED VISCOUNT RESOURCES LTD. 830-355 Burrard Street, Vancouver, BC V6C 2G8 Tel: 604-488-0133 Fax: 604-669-5715 November 25, 1997 N E W S R E L E A S E Additional Nickel/Scandium Acreage Acquired in Washington State Consolidated Viscount Resources Ltd. (CVR-VSE) is pleased to announce that leases covering 120 acres have been acquired to cover the northern extension of its existing nickel/scandium deposit. This deposit is estimated to contain approximately three million tons of 0.65% nickel and 2 oz scandium per ton. No resource has been estimated on the new claims, however laterites are visible which are clearly part of the main deposit. The total area now covers 299 acres. Scandium is a rare earth mineral that has been used exclusively in metal halide lamps to improve colour appearance and produce high intensity, laser applications, aluminum alloys, anode tubes in x-ray spectrometers and semiconductors. In more recent years, the former Soviet Union developed a technology to alloy scandium with aluminum. This new metal was used extensively in the manufacturing of the MIG 29 aircraft and in aerospace projects. The new metal is much stronger than aluminum, corrosion free, and can now be welded. New uses for the metal continue to grow and, most recently, a large bicycle manufacturer announced that all new bicycle frames will be constructed using the new metal. Scandium currently sells for approximately US$280 per oz for 95% purity, and US$616 per oz for 99.99% purity. As demand increases, production will become feasible. The Company has had several inquiries over the past year about its deposit and exploration work is planned early in 1998 to evaluate the potential. A lower grade dunite deposit exists below the laterites but little is known about its overall size and grade. Few pure scandium deposits are known to exist in the world, and much of the scandium produced to date has been extracted from uranium and flourite deposits. This has been both complicated and costly. The Company's Washington state deposit could have important economic significance as the uses for scandium expand. For more information please contact Mr. Len Harris, President of Consolidated Viscount Resources Ltd. at (604)488-0133, fax (604)669-5715, or e-mail: sbroster@intergate.bc.ca