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 : Pure Gold Minerals (PUG)-TSE -- Ignore unavailable to you. Want to Upgrade?

To: JP who wrote (721)	7/31/1998 11:24:00 AM
From: BWEEB	Respond to of 1030

Peter, you critcize Frank for recommending a stock that he feels has a very good chance of long term success? This is pitiful! I could list over 200+ mining companies that are in the same boat as PUG. So what you are saying is that anyone recommending ANY mining stock should be ashamed? You should be ashamed that you're shoe size is bigger than your IQ! To truly be successful in the markets you have to go againts the flow of the herd! When all seems lost (as long as the company is still fundamentally strong) it is the best time to buy in. At current prices of PUG any sellers are taking a loss. It is unfortunately the small guy who is finally throwing in the towel at the bottom of this market.

To: JP who wrote (721)	7/31/1998 11:27:00 AM
From: Ziggy99	Respond to of 1030

I, for one, appreciate the posts from Frank and JP. Let's not forget that all junior resource stocks have been hammered by events in Asia and other detrimental factors. If you believe in this stock you should be happy to see it so low because it is a screaming buying opportunity to average down and accumulate stocks at bargain basement prices. Of course, if you never really thought this stock was that good (but then why would you buy), you probably should have sold out a long time ago. Just think who will be smiling when these types of stocks come back to their former highs. best regards & happy trading ziggy99

To: JP who wrote (721)	8/17/1998 9:23:00 AM
From: Famularo	Read Replies (2) \| Respond to of 1030

Follow-up work completed in two areas of Buffalo Hills Pure Gold Minerals Inc PUG Shares issued 26,379,471 Aug 14 close $0.32 Mon 17 Aug 98 News Release Also Alberta Energy Company Ltd (AEC) Also Ashton Mining of Canada Inc (ACA) Mr. Donald Sheldon reports Contrary to the perception that the search for diamond bearing kimberlite bodies in northern Alberta has slowed, several phases of exploration work have been completed to date and field crews are presently conducting follow-up work in at least two areas where preliminary geophysical data show a number of magnetic anomalies, a considerable distance from the original Buffalo Hills discovery area. The Pure Gold, Ashton and AEC JV holds interests in 26 million acres covering a large portion of the Buffalo Head craton. Pure Gold's interest varies from 15 per cent in the original discovery area to 49 per cent in the surrounding Cayo Lands. Since January 1998, on the Cayo Lands alone, approximately 213,000 line kilometres of high resolution airborne magnetic surveys employing three separate contractors have blanketed most of the claim blocks covering the Buffalo Head craton. The cost of this survey alone exceeds $2-million. Preliminary interpretation of the airborne data for the Caribou Mountain and Lesser Slave blocks (PUG 49 per cent, ACA 25.5 per cent, AEC 25.5 per cent) has identified, initially, at least two areas where multiple magnetic anomalies require systematic anomaly investigation and ground truthing. Presently, helicopter assisted field parties are actively exploring in the Caribou Mountain and Lesser Slave areas. A total budget of $3-million has been designated for this year on the above programs. Economically viable kimberlites occur commonly in ancient cratons around the world. The Buffalo Head craton has shown to host large carrot shaped kimberlite bodies. In the Buffalo Hills area, out of 23 kimberlite bodies identified to date, 16 carry diamonds. One of the kimberlite bodies discovered previously, K-14, has recovered a 1.33 carat diamond from a small sample. Pure Gold believes that the Buffalo Head craton provides the ideal geological environment to host economically viable diamond deposits.