Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Tahera Corp (TAH) -- Ignore unavailable to you. Want to Upgrade?

To: Gord Bolton who wrote (21)	5/10/1999 11:07:00 AM
From: Chuca Marsh	Respond to of 239

How is that JV with Birch Mountain that I read about on the Tahera website under Joint Ventures. tahera.com SIGNIFICANT NEW MINERAL TRAINS The joint venture partners will continue to focus exploration efforts this year on the areas of the ICE claims (in total approximately 290,000 hectares) where significant indicator mineral trains have been identified and on the continuing evaluation of the Ranch Lake kimberlite pipe, which contains an estimated 57 million tonnes of kimberlite to a depth of 300 meters with a surface expression of more than 12 hectares. A revision of the grades of Ranch Lake have increased the average grade to between 0.30 carats to 0.35 carats per tonne. The exploration philosophy is to explore for additional higher grade pipes that would improve the overall viability of the Ranch Lake property. An amount of C$1.5 million has been budgeted to drill eleven priority kimberlite targets in 1999. ROCKINGHORSE LAKE AND HOOD RIVER AREAS KENNECOTT LAYS THE GROUNDWORK FOR A LARGE SCALE EXPLORATION PROGRAM The joint venture agreement between Kennecott Canada Exploration Inc. and Tahera covers an area of some 509,000 hectares in the Rockinghorse Lake and Hood River Areas. During 1997 airborne and ground geophysics, till sampling, quaternary geological mapping and limited reconnaissance drilling were carried out as part of a larger program to establish prospective kimberlite targets based on the previous exploration efforts of Tahera Corporation. Kennecott has identified 16-25 targets that will be drilled in 1999. ASHTON JOINT VENTURE Ashton has vested a 51% interest in the Roundrock properties Aquila pipe discovered on roundrock properties $2.1 million spent in 1997 - geophysics and till sampling $250,000 exploration budget for 1999 will include geophysical surveys and till sampling Back to Top Alberta ENTERING THE ALBERTA DIAMOND PLAY Tahera has also expanded its Canadian areas of interest beyond the Northwest Territories and Nunavut and into Alberta. In January 1998, Tahera entered into a letter agreement with Birch Mountain Resources Ltd., to jointly explore for diamonds on Birch Mountain's properties in Alberta. Alberta Core The agreement provides that Tahera has the right to earn up to a 60 percent interest in the diamond rights in the Birch Mountain properties by spending $4.89 million within the next 4 years. Tahera's interest can be further increased to 75 per cent upon the completion of a feasibility study. Back to Top Chuca