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 : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: George J. Tromp who wrote (468)	1/28/1998 8:14:00 PM
From: Chas.	Respond to of 2251

Hi all..... I believe KLA Applegarth has kicked up some interest in Mexico and that could be reason for present move in share price..... nothing hot re KLA/NWT that I know of....Chuck ZACATECAS STATE, MEXICO Authorized Shares: 50,000,000 Issued Shares: 28,593,251 VSE Symbol: KLA-V Your president believes a potential world-class base metal VMS deposit has been found in Zacatecas State, Mexico by Teck Corporation (the operator) and Western Copper Holdings Limited. Accordingly, your company is negotiating for a meaningful representation in the State of Zacatecas. Successful property negotiations will be reported as they are concluded. KALAHARI RESOURCES INC. Albert W. Applegath President The Vancouver Stock Exchange has neither approved nor disapproved [Return to News Page]

To: George J. Tromp who wrote (468)	1/28/1998 8:16:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 2251

George, I the answer is in the enclosed release. Applegarth is apparently well connected with WTC and this may be only the first step towards KLA becoming involved in WTC's and Teck's El Salvador property. I understand that Bishop spoke of this at the Vancouver show. I lurk on this thread as well George. Again thank you for all of your informative posts. Repards, Larry Smith Letter of intent signed for JV on Zacatecas claims Kalahari Resources Inc KLA Shares issued 26,945,751 Jan 26 close $0.74 Tue 27 Jan 98 News Release Also Sunstate Resources Ltd (SUT) Mr Albert Applegath reports Kalahari Resources has signed a letter of intent with Sunstate Resources leading to an agreement which will grant Kalahari the right to earn a 50k interest in Sunstate's option to acquire the Caldera I and II mineral claims in Zacatecas State, Mexico. To earn its 50% in the option, Kalahari will: Perform $500,000 of exploration work on the property, of which $200,000 is to be spent during the first year of the agreement and the balance to be spent in the second year; Issue to Sunstate 50,000 shares and an additional allotment of 50,000 shares upon completion of the let phase of the work program, and filing and acceptance by the VSE of an engineer's report recommending further work; Pay to Sunstate $20,000 on VSE approval of the transaction and an additional $30,000 on the first anniversary of the agreement; and, Be responsible for payment of all applicable property taxes and fees during the term of the agreement and the filing of any assessments required to be filed. In the event that an interest in the property is acquired by a third party, Kalahari and Sunstate will agree to contribute an equal share of their interest in the property towards such participation by a third party. However, neither party will be required to reduce its participation in the property to less than a 20% interest. Kalahari will act as operator on the property. The property is subject to a 4% nsr royalty, 2% of which can be bought by Sunstate for $2,000,000 per percentage point. Upon Kalahari having earned its interest in the property, Sunstate will make 50% of this nsr buyout option available to Kalahari. The Caldera I and II concessions, immediately north and northeast of the town of Pinos in Zacatecas State, cover 8,000 hectares of the Fain de Plata belt of central Mexico. The region has a long history of prolific metals production and has been the subject of a significant staking rush since the recent discovery by Teck Corp and Western Copper of a potential major polymetallic deposit on their nearby El Salvador property. The Caldera I and II properties are underlain by various volcanic rock types, with the presence of multiple caldera eruption and collapse features. The planned exploration program on the Caldera concessions will target the area's potential to host large tonnage base and precious metals deposits. A finder's fee is payable as regards this transaction. The company has granted to a key employee, Kevin McAndrews, a stock option to purchase 200,000 shares in Kalahari at $0.64 up to January 27 2003. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com