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Gold/Mining/Energy : Idaho consolidated, IDO listed on V.S.E. -- Ignore unavailable to you. Want to Upgrade?


To: Taff who wrote (43)4/26/1999 11:44:00 AM
From: dean poets  Respond to of 112
 
More property aquired!
Idaho Consolidated Metals Corp -

Idaho acquires platinum and palladium
prospect

Idaho Consolidated Metals Corp
IDO
Shares issued 9,434,650
1999-04-23 close $0.65
Monday Apr 26 1999
Mr. Del Steiner reports
The company has acquired 2,200 acres by staking 119 claims near Stillwater,
Mont. The claims are along the stratigraphic subdivisions between the
middle-banded series and the upper-banded series over a 12-mile strike length.
The property consists of contiguous claims from Picket Pin Creek on the east end
of the zone, east of Picket Pin Mountain, to Contact Creek 1.5 miles west of the
Boulder River and excludes 0.75 mile of private property along the Boulder River.
The zone shows anomalous enrichment in the platinum group elements (PGE) and
is parallel and to the north of the J.M. Reef, 2.6 kilometres stratigraphically lower.
The PGE-bearing sulphides are hosted in anorthosite and are overlain by troctolite
and anorthosite of the olivine-bearing zone V.
Mineralization is reported, from work conducted by Anaconda Mining Co., along
the entire exposed strike length of the deposit and samples from the Picket Pin
Creek area assayed 0.58 weight per cent Cu, 0.21 weight per cent Ni, 2.3 parts
per million (ppm) Pt, 2.3 ppm Pd and 0.2 ppm Au (A.E. Boudreau). These values
are stated as typical for Picket Pin mineralization. The majority of mineralization
occurs within 10 to 20 metres, at or below the contact on an abrupt change in
texture and mode in the anorthosite.
A significant feature described by A.E. Boudreau is the presence of podiform and
transgressive pipelike bodies of PGE bearing sulphide mineralization (which) occur
to a depth of 150 metres in the coarse-grained anorthosite below the interval of
stratabound mineralization. There is speculation that these pipelike bodies are
possibly analogous to the volatile channelways leading up through the footwall to
the potholes of the Merensky Reef or to platiniferous pipes in the upper critical
zone of the Bushveld in South Africa. Over 88 per cent of the world's Pt and Pd
supply comes from these deposits in South Africa. A mapping and sampling
program is planned to delineate these features.
The Picket Pin zone is parallel to the western portion of the J.M. Reef which is
being developed by Stillwater Mining Company as the East Boulder project. This
expansion by Stillwater is a $270-million (U.S.) capital project consisting of an
18,500-foot adit collared on the East Fork of the Boulder River and ancillary
facilities for the crushing and concentration of ore that will develop the western
portion of the J.M. Reef. The western portion of the J.M. Reef was delineated by
the development of the Frog Pond adit in 1980 and 1981. Probable reserves on
the East Boulder project (Stillwater Mining Company, 1997 annual report)
consists of 11,500,000 tons grading 0.79 ounce per ton platinum plus palladium.
The company continues to acquire claims and fractions in the area.
WARNING: The company relies on litigation protection for "forward-looking"
statements.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

old url (better for printing)



To: Taff who wrote (43)4/26/1999 10:46:00 PM
From: G.T.  Read Replies (1) | Respond to of 112
 
More News
Idaho adds the Picket Pin area to it's grab bag. This area was explored in the late 70's by Anaconda. They were looking for Ni but found low grade Ni but at the time low grade Pt & Pd eg 4g to 5g combined over widths of 10 ft to 50 ft in thickness. One has to remember in 1979 the price for Pt & Pd was well below todays price range. Anaconda dropped the property when they could not fine economic Ni values. In their drilling report they state the farther one drills to the north the higher the grade of Pt & Pd. Several Km along strike remain to be drilled to the north on this structure which IDO has picked up.



To: Taff who wrote (43)4/29/1999 8:40:00 PM
From: dean poets  Read Replies (1) | Respond to of 112
 
Hey Taffer the close @ 50 cents looked pretty important on my chart! It shows a rising bottom, And I think we left a gap when the stock traded @ 95 cents a couple days ago!

A close above 50 cents tomorrow would confirm my rising bottom theory.


Dean
Ps. Technical analysis isn't my specialty, so it anybody else is good at it give us your opinion on IDO.



To: Taff who wrote (43)5/19/1999 7:07:00 PM
From: dean poets  Read Replies (1) | Respond to of 112
 
I've been keeping an eye on who's buying & selling the last few weeks. In my opinion, there has only been 1 main seller over the last month & it is house #29 PI. Yesterday the firm crossed about 20,000 shares @ 35 cents. Why is that firm crossing the shares? (MANIPULATION?) At least there has been a lot more different firms on the buy side then on the sell side.

It will be nice once the drills start turning on IDO's property next to the Stillwater mine! Then maybe the Platinum/Paladuim show will begin!

Dean