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Gold/Mining/Energy : Columbia Yukon Resources (A.CYR) -- Ignore unavailable to you. Want to Upgrade?

To: Syncrude who wrote (582)	2/18/1998 3:40:00 PM
From: Don	Read Replies (1) \| Respond to of 686

The market does not seem impressed with anyone's diamond appeal in recent weeks. I for one am impressed with their gold properties and their potential. I do think however it is a mistake to dismiss their chances with regards to diamonds. Columbia Yukon Resources Ltd - Alberta diamond play property being acquired Columbia Yukon Resources Ltd CYR Shares issued 20286888 1998-02-17 close $0.21 Wednesday Feb 18 1998 Mr Michael Gustavson reports: The company has entered into a letter of intent to acquire a 50% interest in 700,000 acres southeast of Edmonton, Alberta (the Gatsby property), adjacent to the PureGold/Reclamation property. The company will earn its 50% interest by providing Ben Christensen and Bill Kazin with 150,000 shares and $20,000. A 3% gross overriding royalty is attached to the property paid to the stakers. The company has the right to buy back the 3% GOR for $1 million per percentage point six months after the commencement of commercial operation. All bentonite deposits are to be excluded from this agreement. The company intends to do an EM airborne survey to resolve potential drill targets during this 1998 exploration season. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)