To: Elizabeth Andrews who wrote (99 ) 3/14/1999 1:00:00 AM From: Tom Cat Read Replies (1) | Respond to of 578
Elizabeth...loonnng?????, wow, I am really surprise that management could make such a mistake of retracting news on the pp, they are either the more inept or the most savy...at promoting. The story looks credible, but why would they report visuals?...apparently there was not a run on the stock prior the news, therefore I fail to see a reason for reporting visuals. In the case of NWI (as the story goes) they were forced to put the news out because of a leak. Also, the assays reported on Feb/11 do not look extraordinary, therefore if they get more of the same stuff, where is the beef??? This is what I found regarding grades, Am I missing a NR? ======================================== Starcore Resources Ltd SOE Shares issued 10,918,192 1999-02-10 close $0.32 Thursday Feb 11 1999 See ProAm Explorations Corporation (PMX) News Release Mr. D.L. MacDonald reports Exploration activity, trenching and geophysics on the Platinum group joint venture at Samuels Lake near Atikokan, Ont. has yielded favourable results. A geophysical survey has indicated the presence of a good metallic conductor along a 300-metre strike centred 200 metres northwest from the sampled area under Samuels Lake. Chip samples taken from the trench in what is referred to as the Southwest Point showing returned a weighted average Pt + Pd + Au of 2.8 grams per tonne and 0.22 per cent Cu over 3.4 metres. Pt+Pd Length Pt Pb Au +Au Cu m ppb ppb ppb g/t % Sample SWP 1.4 - 2.2 812 757 89 1.66 0.0624 2.2 - 3.0 1371 1379 140 2.89 0.1549 3.0 - 4.0 1389 1132 136 2.66 0.1905 4.0 - 4.8 2137 1787 203 4.13 0.4862 Assays conducted by Accurassay Laboratories of Thunder Bay, Ont. Grab samples taken from the trench returned an average Pt + Pd + Au of 3.75 grams per tonne and 0.75 per cent Cu. Pt+Pd Sample Pt Pd Au +Au Cu ppb ppb ppb g/t % SWP GR1 1433 1340 116 2.89 .9144 SWP GR2 2086 1936 228 4.25 .5548 SWP GR3 1825 2118 147 4.09 .7688 Assays conducted by Accurassay Laboratories of Thunder Bay, Ont. Geological interpretation of these data, along with earlier data, suggests the presence of a significant zone of mineralization. The results from the area of the trench, which is not within the defined conductive zone, are interpreted to be favourable given the trench's distance, 200 metres, from the central point of the conductive body indicated by the geophysical survey. The conductive unit is interpreted to be caused by an increasing concentration of sulphide minerals along strike from the Southwest Point showing, which is characterized by non-conductive disseminated mineralization. The companies expect to begin a diamond drill program in the immediate future to test this platinum/palladium target. TC