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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (3352)	6/2/1999 2:42:00 PM
From: Mr.Manners	Respond to of 4467

news on HSD.V Hemisphere Development Corporation - Hemisphere Development Corp. - Developing the high grade silver-lead-zinc Sunrise deposit Hemisphere Development Corporation HSD Shares issued 9,853,618 1999-05-31 close $0.08 Wednesday Jun 2 1999 Hemisphere Development Corp. - Developing the high grade silver-lead-zinc Sunrise deposit. Issued: 13,055,618 Cusip: 423628 52 Week High/Low: $023 - 0.05 Recent Price: $0.09 Trading Symbol: HSD:VSE COMPANY PROFILE Hemisphere Development Corp. is an aggressive Canadian exploration company actively exploring for Volcanogenic Massive Sulphide (VMS) deposits in the Northwest Territories, home of Canada's newest world class diamond mine. The company is jointly developing on a 50-50 basis the Sunrise polymetallic VMS deposit near Yellowknife. LOCATION The Sunrise deposit is located in the Beaulieu River Greenstone Belt approximately 110 kilometres northeast of Yellowknife, NWT. An all-weather road extends to within 55 kilometres of the deposit, a winter road by passes the deposit to within 15 kilometres. The right-of-way for the proposed Ingraham Trail extension passes to within 5 kilometres of the deposit. THE SUNRISE DEPOSIT The Sunrise Project is a high grade VMS deposit with the primary metals being silver-lead-zinc the deposit also contains a good gold and copper enrichment. Since the properties discovery in 1987 over 100 drill holes comprising 21,774 m has established a drill inferred resource of 2.06 million tonnes grading 8.9% zinc, 4.2% lead, 404.5 g/t (11.5 oz/t) silver, 0.98 g/t gold, and 0.1% copper by the independent engineering firm Roscoe Postle and Associates. The reserve at Sunrise is contained within a massive sulphide lens measuring 2 to 16 metres in thickness, 120 metres along strike, and 540 metres down dip. The main sulphide lens dips on a 70-degree incline. WHY VMS DEPOSITS? VMS deposits are volcanic eruptions through hydrothermal vents on the floor of ancient oceans. These type of deposits occupy a unique position of importance among mineral deposits. Economically, deposits of this type are a major source of copper, zinc, lead, silver, and gold, and a range of by-products including tin, cadmium, antimony, and bismuth. For example the total production from Canadian mines during the period 1977-78, about 30% of the copper, 63% of the zinc, 27% of the lead, 58% of the silver, and 8% of the gold were produced from VMS deposits. VMS deposits have historically been know to be company builders. Many large multi-national mining can claim their origin to VMS discoveries such as: Noranda, Rio Tinto, Megallshaft, & Cominco. VMS deposits posses characteristics which make them very attractive exploration targets. For instance: * They are polymetallic ie. containing more than one mineral such as gold, silver, lead, zinc, copper, cadmium, tin, etc. * They are usually found in clusters over an area of 10 - 20 km and contain multiple stockwork zones within each deposit with the vent areas usually being the most highly mineralized. In Canada, VMS districts contain on average about 9 deposits. * VMS deposits are usually high grade which allows them to be mined more profitably. * They tend to be large tonnage deposits in some cases in excess of 100 million tonnes. EXCELLENT POTENTIAL FOR RESERVE EXPANSION AT SUNRISE Early this year, Hemisphere Development received an independent report by Beavon Consulting on the Sunrise project area. Mr. Roy Beavon is a 35 year geologist considered to be one of the most authoritative geologists on VMS deposits in Canada. His report indicates that a large volcanic centre situated 10 km from the Sunrise deposit within the M1, M2 claims shows strong likelihood to develop large tonnage silver-lead-zinc reserves and likely represents the Vent area. The geology within the M1, M2 claims is identical to Sunrise, contains several strong ground conductors, and strikes for over 5 km. CONCLUSION Work will commence in June at Sunrise with a focus of further expanding the reserve base. Work will focus on the M1, M2 claims which show excellent potential to develop bulk tonnage reserves. Many analysts now feel that base metals prices have come off the cycle lows and are now trending upwards. Also, the London Metal Exchange reports that zinc inventories continue to fall while consumption continues to rise. As of May inventories at the LME were just over 300,000 tonnes, a seven year low, down from 1.2 million tonnes in 1994. The COMEX reports that silver inventories presently stand at 13 year lows with consumption exceeding demand for much of the '90's. At current metals prices the current reserve base at Sunrise averages over USD $175 per tonne and ranks as one of Canada's highest grade VMS deposits. Combined with the prospect of developing bulk tonnage reserves on the M1, M2 claims and the likelihood of improved metals prices, management believes that the Sunrise deposit holds excellent potential for a new world class mine in Canada. For further information contact: Charles O'Sullivan, President Telephone: (604) 685-9255 Toll Free: 1-800-449-4435 Website: hemdev.bc.ca E-mail: mailto:info@hemdev.bc.ca

To: keith massey who wrote (3352)	6/2/1999 7:38:00 PM
From: keith massey	Respond to of 4467

Merrill to launch discount Net trading by Richard Blackwell - Wednesday, June 2, 1999 Merrill Lynch & Co. Inc. will launch discount Internet stock trading in Canada early next year, but the company's competitors here say they are not worried about the powerful brokerage making a dent in their business. New York-based Merrill said yesterday that it will give some of its clients in the United States access to Internet stock trading starting in July, if they sign up for an annual fee-based package. Discount Internet trading for the masses -- at $29.95 (U.S.) a trade -- will start in December. The discount service probably will be expanded to international operations, including Merrill Lynch Canada Inc., early in 2000, spokesman Peter Kahnert said. "They'll be moving it out aggressively. There will be a full-court press on putting this Internet strategy in place worldwide." Toronto-based Merrill Lynch Canada has been one of the country's biggest full-service brokerages since buying independent Midland Walwyn Inc. in 1998. It already offers some Internet services to its clients, such as on-line research reports and access to account information over the Net, but no discount Web trading. Merrill, which is the biggest full-service brokerage in the United States, is playing catchup to many established on-line traders. In Canada, several of the big banks have been in the Internet trading business for several years through their discount brokerage arms. And there are a handful of other players such as Toronto-based Charles Schwab Canada (owned by the largest U.S. discounter, San Francisco-based Charles Schwab Corp.) and ETrade Canada (affiliated with ETrade Group Inc. of Palo Alto, Calif.). Merrill's move is in effect an endorsement of the importance of on-line trading, said Michael Bastian, president of Royal Bank's Action Direct discount brokerage. "It's a signal that the on-line world and the self-service providers have had a major impact on the old-world full-service model, and forced them to change." According to figures compiled by Forrester Research Inc. of Cambridge, Mass., about 200,000 Canadians invested on-line in 1998, or less than 5 per cent of all investors. The number of on-line investors is expected to rise 50 per cent in 1999, and pass the million mark by 2003, Forrester said. One of Schwab Canada's competitive advantages, president Paul Bates said, is that none of its brokers get commissions -- they are paid a salary and bonuses based on client assets, so there's no incentive to "churn" client accounts. Merrill, which has traditionally compensated brokers with commissions, is now dipping its toe into this new scheme as well. As part of its revamped services, it will give some high net worth clients an option of a no-commissions account with an annual fee based on assets.