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Gold/Mining/Energy : Caldara's Diamond CDR,M -- Ignore unavailable to you. Want to Upgrade?

To: peter dumbrille who wrote (253)	4/2/1999 9:21:00 AM
From: Dag	Read Replies (1) \| Respond to of 303

Here's the information that I receive from the company last week: web address: calderares.com symbol:cdr-Montreal 52 wk- $0.45-$0.05 Currently $0.08 Cash on hand-$ 750,000.00 debt- none Dear Investors. I am pleased to present the following overview on Caldera Resources Inc. The company is currently engaged in negotiations with at least two major mining groups with anticipation of securing a joint venture to fund and further develop the portfolio of properties described below. We anticipate that the management will secure a deal with a major within the next 30-45 days. We feel that there is a tremendous opportunity in Caldera Resources by accumulating at these price levels. For further information please contact Jason Shepherd at Creative Capital Corp. Ph: (250) 717-1910 or fax: (250) 717-1909. Caldera Resources is one of the most active diamond exploration companies operating in Australia. The company has two major exploration areas centered in the Abminga region of northern South Australia and the east Pilbara region of Western Australia. Caldera has been exploring the Abminga region for the past five years and is one of the major tenement holders in the area. Results to date confirm kimberlite pyroclastics reporting a suite of indicator minerals and two macro diamonds underlying magnetic anomalies. The four Pilbara projects were acquired through a merger with Remington Resources N.L. The terms of the merger were the issue of one Caldera share for every two Remington shares resulting in the issue of an additional 12,756,252 Caldera Resources Inc. shares. Reconnaissance aeromagnetic and loam sampling has delineated high priority targets reporting the presence of kimberlite indicator minerals. One of the Pilbara projects is currently under joint venture with Stockdale Prospecting, the Australian subsidiary of DeBeers. ABMINGA DIAMOND PROJECT In the early 1990's, the Abminga region of South Australia was targeted for diamond exploration on the basis of favorable regional geology and structure and historical reports of alluvial diamond in a major regional river system that drains the Abminga region. Caldera and its joint venture partners have drilled 16 anomalies and confirmed the presence of extensive horizons containing kimberlite pyroclastics and volcanogenic sediments that report abundant kimberlite indicator minerals including chrome spinel, picroilmenite, G9 and G10 garnets. Two small macrodiamonds were recovered from testing of one anomaly. The pyroclastics and volcanogenic sediments are incorporated into the normal Mesozoic basin sedimentary stratigraphy. The age of kimberlite volcanism appears to be late Creataceous. A program of three diamond drill holes in 1998 indicated the area has similar geology to the Forte a la Corne kimberlite field in the province of Saskatchewan, Canada. Results to date have define the most prospective areas likely to host the source pipes and this has allowed Caldera to reduce its original tenement holding from over 5,000 square kilometers to 3,300 square kilometers today. Caldera remains the major tenement holder in the Abminga region. Remington Resources Inc. - The Pilbara Properties In December 1998, Caldera Resources Inc. completed the acquisition of Remington Resources Inc. Prior to this acquisition, Remington was a privately held exploration company. Remington Resources was formed to carry forward exploration in an area on the north-eastern margins of the Pilbara craton selected on the basis of conceptual regional geological and structural modeling that recognized the structural similarities between the diamondiferous Kimberley Provinces with those on the margins of the Pilbara region. The conceptual model was the result of many years of regional geological and structural investigations. Remington had been exploring on its own properties in the Pilbara region since 1995. The principal exploration project is a group of Exploration Licences centered approximately 440 kilometers east of Newman, the nearest of the major iron ore towns in the Pilbara region. Another project area is centered approximately 400 kilometers northeast of the regional mining centre of Kalgoorlie. Initial reconnaissance surface sampling carried out by Remington on selected prospective areas reported kimberlite indicator minerals from five sample locations which Remington has designated as four distinct project areas. Validation of the exploration concepts and confirmation of the diamond exploration potential allowed Remington (Caldera) to proceed with a major program of tenement acquisition. Remington (Caldera) now holds exploration licenses in five principal project areas covering 1,470 square kilometers. Aeromagnetic surveys on these areas totaling 18,480 line kilometres identified a large number of anomalies with characteristics consistent with kimberlite/lamproite pipes. Surface sampling of some aeromagnetic anomalies has confirmed the presence of kimberlite indicator minerals. The preliminary results from one project area, the Tabletop Project, have been very encouraging. Stockdale Prospecting Limited, the Australian subsidiary of De Beers, have shown interest in Remington's work on Tabletop Project and have recently entered a joint-venture with Remington to explore part of one project area. The joint venture participation of a diamond exploration group with de Beer's stature added considerable value to the Remington acquisition. Jason Shepherd President & C.E.O., CCC Creative Capital Corp. 250-717-1910 Phone 250-717-1909 fax 250-718-1910 Cell ************************************************************ Canadian representative for Caldera Resources Inc.(CDR.M) calderares.com have a good weekend Christian