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Gold/Mining/Energy : ECHARTERS -- Ignore unavailable to you. Want to Upgrade?

To: Big Shorty who wrote (2079)	12/22/1997 6:56:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 3744

Its quite legal. It's not an offering. The company involved is public and the group is private with less than 50 members so its not a reporting group. They don't require any offering memos because its a flow through PP and it is part of larger under the wire PP. The mechanism is not new. Don't worry about the legalities for us. The guy puttin it together is a coporate lawyer. I have packaged investors before for companies. The exit is 1 year on these flow thoughs. But I can get you out quicker than that in certain circumstances. That has been figured out. Don't tell me how its done. If you are a serious investor ask me and I will tell you how it's done. But I ain't in the education business. If you want to come in, it gets explained. Otherwise its academic. We have done it before. EC<:-}

To: Big Shorty who wrote (2079)	12/23/1997 12:17:00 AM
From: Bill Jackson	Read Replies (1) \| Respond to of 3744

jimc; As I see it he can speak about it to as many people as he likes, but a max of 50 can belly up and take part if he wishes to stay fully private. Offering memorandums are on file in the public record so all you need to do is find one close to what you want to do, and modify it a little and it will run OK. The lawyers are not really needed, as an experienced hand can do all the boiler plate. Sometimes the buyers ask their lawyers about it, making work for that group, and as a professional courtesy that ask for a few small changes, to keep the work flowing. There is no real requirement for lawyers to bless all things. It is typical of our society that they try to do it. I once paid off a morgage for $100,000 and the bank wanted $250 for a discharge and filing of same.Robbery fee for a receipt. I took my receipt and obtained a judicial discharge for just the filing fee at the court. The banks and lawyers try to insinuate themselves into many transactions in this way. resurrections of corporations are also another cash cow, I could go on. Bill

To: Big Shorty who wrote (2079)	1/10/1998 7:07:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 3744

mailto:echarter@vianet.on.ca connect.ab.ca The Canadian Mining Newsletter free trial subscription. BTW we raised that flow through cash for drilling last week. Nyah nyah nyah yah... ---------------------------------------------------------------------- ****************************** The Canadian Mining Newsletter Oct 18 1997 ***************************** Volcanigenic Massive Sulphide Mines of Canada +1,000,000 tons Grade figures Ag is silver. Au is gold. They are in grams per ton or PPM Cu is copper. Zn is zinc. Pb is lead. They are in % Deposit Location Tonnes Cu Zn Pb Ag Au X 1 mill. g/T g/T ~South Bay Nw. Ont. 1.569 1.6 11.0 0 82.3 0 Mattabi Ont. 13.805 0.74 8.28 0.85 113.0 0.24 Sturgeon Lk. Nw. Ont. 2.51 2.55 9.17 1.21 179.0 0.65 Lyon Lake Nw. Ont. 3.579 1.24 6.53 0.63 117.0 0.34 ~Marshall Lk. Nw. Ont. 1.996 1.2 4.2 0 84.0 0.4 ~Winston Lk. Nw. Ont. 3.076 1.0 15.6 0 30.2 ~Pick Lake Ont. 1.6 1.1 17.7 0 56.0 0.33 Geco Nw. Ont. 53.18 1.82 3.64 0 53.8 ? Willechco Nw. Ont. 3.8 0.54 3.92 0 65.8 0 ~Willroy Ont. 4.525 1.18 5.64 0 57.6 0 Cons Shunsby Ont. 1.839 0.82 1.16 0 0 0 Kendon Ont. 2.243 1.24 4.26 0 84 0.79 ~Kidd Creek. Ont. 143.22 2.66 6.47 0.2 77 0 Kam Kotia Ont. 5.987 1.12 1.22 0 3.1 0.14 -------------------------------------------------------------------- Average Ont. 17.56 1.34 7.056 .206 67.51 0.206 ------------------------------------------------------------------- Without Kidd and Geco 4.15 1.19 7.39 - 66.86 - Avg., discounting types barren of a metal 0.722 0.412 ------------------------------------------------------------------ Deposit Location Tonnes Cu Zn Pb Ag Au X 1 mill. g/T g/T Sunrise NWT 1.866 0 8.88 4.22 404 0.96 Izok Lake NWT 16.5 2.2 11.4 1.1 60 0 Hood River NWT 3.8 2.6 3.8 0 25 0 Gondor NWT 7.3 0.2 4.8 0.4 50 0 Deb NWT 1.014 0.83 2.96 0 22 0 Hacket River NWT 4.5 0.25 8.5 1.4 240 1.71 Cleaver NWT 3.6 0.46 7.07 1.04 183 0.48 Clvr Lo Grd. NWT 3.6 0.48 1.08 0.84 33.3 0 High Lake Ab NWT 2.177 5.4 1.1 0 0 1.13 High Lake D NWT 2.54 2.0 3.6 0.2 41.6 0.75 -------------------------------------------------------------------- Average NWT 4.689 1.442 5.319 0.92 105.9 0.503 Avg., discounting types barren of a metal 1.602 1.314 117.65 1.006 -------------------------------------------------------------------- Cross Lake Hole 16 one hole 0.16 6.71 1.86 215.44 0.055 -------------------------------------------------------------------- Cross Lake high grade one hole 0.69 18.24 9.28 911.0 0.183 20 feet -------------------------------------------------------------------- Mines similar in grade and distribution of metal to the Cross Lake discovery. ~ some similarities in distribution to Cross Lake with some metal absence. Note a tonne or a metric ton is about 2204 avoirdupois pounds. To convert grams per metric tonne or Parts per million to troy ounces per short ton of 2000 pounds, just multiply by .029167. A Troy ounce is 31.1029 grams and there are 29,167 of them in short ton. For easy calcs just divide grams by 3 then by 10 to get ounces very roughly. To convert tonnes to short tons, multiply by 1.102 or add 10% roughly. connect.ab.ca -------------------------------------------------------------------- I would say Cross Lake is not "typed" yet. It is high in lead and so far low in copper and gold. This is not fair to the deposit as copper is usually zoned and averages are not showing up yet. And this is evident in higher copper and golds in hole 16 and 17 where copper was more massive. It is more similar to the NWT deposits or perhaps Sturgeon Lake in Ontario than the typical type. It is very close to some Granite bodies and perhaps got extensively reworked, sheared and remobilized giving it funny characteristics. First find the ore then make a theory. To find 3 million tons with present widths he must find 800 feet long of a body dipping downwards or plunging for 350 feet. He could outline this with about 40 holes. This should take about 3 months with 2 drills. The deposit could well be larger than this. Its width indicates its tonnage should be larger than 1 million tons. How much larger we will have to wait and see. We note that the anomaly associated with the deposit is 1.8 kilometres long. It could not all be ore. If it were I would sell everything I owned to buy stock. GKR has had some drilling success with the adjacent deposit which is a continuation of this one. It (GKR) is by no means homogeneous and has some extremely high golds in places.. 4 grams over 45 feet. So far the GKR deposit does not excite as a base metal find. But these things take a fair amount of work to discount. echarter@vianet.on.ca connect.ab.ca GKR is Golden Knight Resources GKR/VSE. They have just recently taken a PP with Cross Lake and made a financing agreement with the junior, Cross Lake, CRN/VSE. ---------------------------------------------------------------------