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Gold/Mining/Energy : Acer Capital Corp. -- Ignore unavailable to you. Want to Upgrade?

To: william bell who wrote (6)	3/17/2000 2:42:00 PM
From: Lazarus Long	Respond to of 7

Acer updates Au-Online.com venture Acer Capital Corp ART Shares issued 9,672,500 Mar 16 close $0.30 Fri 17 Mar 2000 News Release Mr. Grant Forbes reports Management is not aware of any material changes in the company's affairs which have not been previously reported, nor is it aware of any reason for the recent increase in trading activity and share price. The company continues to pursue its recently announced e-commerce initiative. Further to recent news releases dated Feb. 17 and March 2, 2000, management advises that in conjunction with Rio Minerals, of Vancouver, B.C. and Reno, Nevada, the company is advancing the Au-Online.com business venture. Rio Minerals Ltd. is a privately held mineral-exploration company whose ownership is independent of and at arm's-length to Acer Capital Corp. Au-Online has negotiated the marketing rights for all gold-nugget production originating from a group of claims in the Ten Mile district of north-central Nevada held by Kayzak Resources of Winnemucca, Nevada, The gold-nugget production will be marketed through the venture's web site www.awonline.com, which it is currently under development. It is anticipated that the web site will be fully functional and in a position to generate gold-nugget sales revenue within the coming month. Gold-nugget samples obtained from this site are unique in that they range from feather gold to large sponge-shaped pieces up to four centimetres in length. Larger specimens containing gold stringers and seems of gold in clay topped by quartzicalcite crystals have also been found. Each piece is unique and far more attractive and valuable than normal placer or nugget gold. The presence of these appreciable amounts of visible, crystalline gold is extremely rare and requires some very unique geological parameters, In this district, shear zones developed in the black shales and quartzite beds. Initial mineralization consisted of iron alteration and quartz crystal development, After this initial stage of mineralization, which was barren of gold, a surging system of hydrothermal fluids and vapors developed. Adularia is common in the district and is indicative of such a surging system. Given the incompetence of the shales and the surging fluids, clay was formed and comparably open permeable zones were created within the shears. At some point, cryptocrystalline quartz with gold was introduced into the systems. When geologic and geochemical conditions were opportune, the deposition of gold and quartz took place. As most of the highest-grade gold/quartz specimens are coated with clay in their natural state, they are extremely difficult to see. As a result, tailings reveal that past operators have overlooked much of this unseen high-grade lode. Given that the shears are nearly vertical, the following method has proved most successful. A D-8 K dozer is used to take out the footwall and the face is then scanned with metal detectors. Hits are then dug out by hand. Miners further explore the hanging wall with electric jackhammers followed by backhoes and/or excavators being used in order to speed up operations. Recent reworking of these tailings using modern scanning detection methods has recovered many additional ounces of unique high grade gold. In conjunction with Rio Minerals and Kayzak Resources, management is further developing revenue minerals for the on-line sale of the gold-nugget production. In addition to the development of its on-line, e-commerce, direct sales model described above, Acer Capital Corp, through its wholly owned subsidiary, Nu-Life Industries Inc. operates the only fully permitted facility in Western Canada to store and recycle fluorescent and high intensity discharge lamps, and all types of batteries. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com