 |
 | |
 |  |
| 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. |
Here is a company worth looking at ... A penny stock company that "stayed afloat" after the Bre-X scandle. REASONS FOR CONSIDERING KENRICH ... (no particular order) 1. Great potential properties 2. Neighbours with great properties 3. Lots of cash 4. In a politically stable area 5. Most of the infrastructure is already in the vicinity (prosperous mines in the neighbourhood ) 6. Have few shares outstanding 7. Trading under a dollar 8. Surrounded by takeover bids for the lands adjacent to them 9. Backed up buy major player in joint venture 10. Have good results on the drills taken to date 11. Large drilling budget which is in progress 12. Have experienced staff and new Investor Relations person ... and more ... worth visiting their WEB site ... www.kenrichmining.com Following is their latest press release ... robert b. ------------------------------------------------------------------------ KENRICH MINING CORPORATION (VSE - KRC) STANDARD & POOR'S full manual listing S.E.C. 12g3-2(b) - 82-2809 20-F-BLUE SKY U.S.A. TRADING APPROVED Suite 910-510 Burrard Street, Vancouver, British Columbia V6C 3A8 Telephone: (604) 682-0557 Facsimile: (604) 688-3346 NEWS RELEASE -ÿ June 4, 1998 Exploration Expanding on Corey Property Kenrich Mining Corporation ("Kenrich") is pleased to announce that Phase I of a $1,100,000 exploration program on the Kenrich Block of the Corey Property commenced on June 1st 1998 with mobilization of crews and equipment. This program will run jointly with the ongoing $950,000 exploration program on the PRU Block of the Corey Property being conducted by Homestake Canada Inc., on behalf of Prime Resources Group Inc.. The primary focus of the Phase I program will be to define drill targets on the HSOV massive sulphide showing, which was discovered by Kenrich geologists in 1996. Several other showings on the property will receive extensive surface exploration. The program will begin at the lower elevations, with linecutting, sokl sampling, and trenching to expand the Nica 1 anomaly, located on the confluence of Sulphurets Creek and Ted Morris Creek. The Nica 1 is underlain by Stuhini Group epiclastics and sedimentary rocks which host the Kerr gold-copper porphyry deposit, located immediately to the east. 1997 sampling revealed an anomalous area with gold values from 30 to 110 ppb in soils and copper values up to 276 ppm in soils. The HSOV, which was expanded in 1997 by surface mapping and prospecting, produced a grab sample from an outcrop of mineralized mudstones which returned 2.18 g/t gold, 505.9 g/t silver, and 1.26% copper. Extensive trenching and ground geophysics will be conducted in preparation for diamond drilling. The Phase II exploration program will consist of 10 to 12 diamond drill holes to test the HSOV and other showings in July. Kenrich is extremely excited about the latest news of the Homestake Mining Co. bid to buy out Prime Resources Group Inc., and the long term benefits this could bring on the Corey Project. On Behalf of the Board of Directors Kenneth W. Trociuk President/CEO FOR ADDITIONAL INFORMATION CONTACT: KENRICH MINING CORPORATION AT: DIRECT (604) 682-0557 website: kenrichmining.com | ||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |