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Gold/Mining/Energy : Champion Resources - CHL.vse -- Ignore unavailable to you. Want to Upgrade?

To: T.Bill who wrote (7)	7/16/1998 12:18:00 PM
From: rdww	Respond to of 176

soon is the word - they will do a PP probably and are also looking at a JV w/ a major that will carry the costs of future drilling on the Farim deposit. The drills are already there - were left behind from past drilling - so it shouldn't cost much for the addt'l drilling required to build this deposit. Kaiser has picked the low side of the target for Phosphate deposits according to a previous release from CHL.

To: T.Bill who wrote (7)	7/31/1998 12:23:00 AM
From: rdww	Respond to of 176

capital infusion w/ a very small amount of stock for the effort! Now all we need is a report on the quality and composition of the grade along w/ a cessation of coup events in Guinne! Does anyone have any news on the current status of the political situation in Guinnee Bissau? Two $50,000 (U.S.) loans Champion Resources Inc CHL Shares issued 13,950,440 Jul 30 close $0.18 Thu 30 Jul 98 News Release Mr. John Hiner reports The company has entered into a loan agreement with each of two private investment companies, Traders Group Inc. and Contrac Bahamas Inc. Terms of the loans include the right for each company to convert the loan amount to units of a currently planned, non-brokered private placement. Each company advanced $50,000 (U.S.) to Champion. In lieu of interest on the loans, and in recognition of the timely provision of working capital, Champion has entered into bonus agreements with each lending company to provide 10,000 shares to each company. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: T.Bill who wrote (7)	8/17/1998 1:29:00 PM
From: rdww	Read Replies (1) \| Respond to of 176

pleasing results from the chemical analysis of drill cores at Farim. Champion Resources Inc CHL Shares issued 13,950,440 Aug 14 close $0.15 Mon 17 Aug 98 News Release Mr. John Hiner reports The company has received the results of chemical analyses from drill core recovered during the recently completed drill program at its Farim phosphate project, Guinea Bissau, West Africa. Champion's drill program was designed to obtain core for metallurgical testwork and to expand the existing mineable reserve of 105 million tonnes of phosphate rock grading 29.8 per cent P2O5. The program was successful in extending the limits of the known phosphate ore horizon by 3km to the west. The most western Champion drill hole intersected 4.3m of the phosphate ore horizon, although difficult drilling conditions preclude accurate determinations of full phosphate ore thickness. The deposit remains open to the west and north. Core from the exploration step-out holes and from two confirmation twin holes was sent to Florida for analysis. Hole Thick- P2O5 Fe2O3 Al2O3 ness % % % m 98-8 2.0 32.49 3.10 2.27 98-9 1.6 32.74 6.89 4.82 26.16 4.29 8.64 1.5 27.60 6.01 2.73 98-13 0.3 31.51 4.63 2.67 98-12 2.6 33.24 3.56 2.58 Hole MgO CaO Cd % % ppm 98-8 0.28 44.88 11.60 98-9 0.07 44.70 11.10 0.19 43.38 5.78 0.38 43.38 5.78 98-13 0.28 45.23 6.16 98-12 0.10 46.72 8.19 The arithmetic average of the phosphate ore horizon is 30.62 per cent P2O5, with an average CaO/P2O5 ratio of 1.46. These results confirm the previously reported high phosphate grades and lower than average carbonate content. Results also verify the low levels of cadmium and magnesium in the phosphate ore. Cadmium is desirable in phosphate due to environmental considerations. Likewise, excessive magnesium negatively impacts phosphate processing. The low levels of these elements in Farim ore enhance the deposit's attractiveness relative to the higher cadmium values present in other West African phosphate deposits as well as the higher magnesium content of Florida ores. The company plans additional beneficiation and phosphoric acid process testwork to optimize P2O5 recovery. Additional drilling is planned to determine the full extent of the deposit. Results of this work will be incorporated into a full feasibility analysis. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com