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Gold/Mining/Energy : Jilbey Exploration JLB-MSE -- Ignore unavailable to you. Want to Upgrade?

To: 1king who wrote (132)	11/9/1998 10:32:00 AM
From: Buckey	Respond to of 229

Jilbey Exploration Ltd JLBShares issued 14,356,112 1998-11-06 close $0.07 Monday Nov 9 1998 See Celtic Minerals Ltd (CME) News Release Mr. Kevin Flaherty reports A drill program is currently under way on the company's Hungry Hill property in Newfoundland. The property is held 50-50 with Jilbey Exploration and has been optioned to Rio Algom Exploration. Rio can earn a 51 per cent interest over a four year period by making $350,000 in cash payments and incurring $4.0-million in exploration expenditures. Rio has an option to earn an additional 9 per cent by making a $150,000 cash payment, incurring $1.5-million in expenditures, and making a $500,000 payment within 12 months of commercial production. Celtic has also been informed by Billiton Exploration Canada, that an airborne geophysical survey is in progress over the central Newfoundland properties joint ventured to Billiton. The properties are grouped into two separate joint ventures. The Buchans Junction property consists of 118 claims (29.5 square kilometres) and is held 50-50 with Jilbey. The Skull Hill JV, consists of 664 claims (166 square kilometres) and is held 100 per cent by Celtic. Billiton can earn up to a 70 per cent interest in Buchans Junction by spending $2.0-million on exploration and making a cash payment of $50,000. On Skull Hill, Billiton can earn up to a 70 per cent interest by spending $1.6-million.

To: 1king who wrote (132)	1/2/1999 2:11:00 AM
From: Buckey	Respond to of 229

iking - I bought My first shares of JLB Thursday in my Wife's LIRA - A small amount - I want more and hope I can still get em cheap