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Gold/Mining/Energy : Claude Resources TSE.CRJ Undervalued Junior Gold Anyone? -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (99)1/8/1999 11:29:00 AM
From: Gord Bolton  Respond to of 359
 
I would bet that the two together are really going to spark some interest. I think Cypress and their partner had some good intersepts as well recently.



To: Enigma who wrote (99)1/8/1999 12:03:00 PM
From: Gord Bolton  Respond to of 359
 
I think this is right beside Goldcorp and on strike (no pun intended)
But I think it was someone else who either reported or was rumoured to have hit a good hole.

TL CAPITAL CORPORATION ("ICL")
CYPRESS MINERALS CORP. ("CYP")
RUPERT RESOURCES LTD ("RUP")
- Property-Asset Acquisition

The Vancouver Stock Exchange has accepted for filing a Mineral
Property Sub-Option Agreement dated September 3, 1998 pursuant to
which ITL Capital Corporation ('ITL') will grant Cypress Minerals
Corp. ('Cypress') the right to acquire an undivided 50% interest
(representing an undivided 25% interest) of ITL's 50% interest
held in the Renewal Mining Lease No. 106899 known as the
Durham-McEwen claim block located in the township of Balmer,
District of Kenora, Ontario. In consideration Cypress will incur
an aggregate $450,000 of exploration expenses on the property and
thereafter fund its share of the remaining exploration
expenditures required under the original agreement. Pursuant to
the original agreement between Rupert Resources Ltd. and Cypress
Minerals Corp., which was accepted by the Vancouver Stock
Exchange October 9, 1996, an aggregate $1,800,000 is to be spent
on exploration. The property remains subject to a 1.5% net
smelter return royalty in favour of Camp McMan Red Lake Gold
Mines Limited.
There it is.
Message 6762529