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


To: ForYourEyesOnly who wrote (46)10/19/1998 7:17:00 PM
From: wayne cath  Read Replies (1) | Respond to of 67
 

Trillion Resources Ltd TLQ
Shares issued 22,364,500 Option agreement with Cratonic Zimbabwe Oct 16 close $0.50
Mon 19 Oct 98 News Release
Also Nickelodeon Minerals Inc (NKM)
Also Skeena Resources Ltd (SKE)
Messrs. Ronald Netolitzky, J. Rupert Allan and Terry Tucker report
Trillion Resources and two of its joint venture partners, Nickelodeon
Minerals and Skeena Resources, have signed an option agreement with
Cratonic Zimbabwe Resources (Private) Limited, a wholly owned subsidiary of
Delta Gold of Sydney, Australia.
The agreement includes the Sansukwe and Mphoengs projects (50/50 Trillion
and Nickelodeon) and the Umzingwani and Maribeha properties (50//50
Trillion and Skeena), all in southwestern Zimbabwe.
The five year optional agreement, which is restricted to the property's
diamond rights only, provides for Cratonic to earn up to a 51 per cent
equity interest in the four projects by undertaking exploration
expenditures of $10-million (Zimbabwean), or up to an 80 per cent equity
interest by the completion of a bankable feasibility study.
Cratonic has commenced follow-up field investigations.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com