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CORR flying today on the latest news
KC
News ... 17 June 2004, 06:30am ET Corridor Communications Corporation Signs Agreement to Deploy Wireless Broadband Service (WIFI) to Alpha Broadcasting Communications Customer Base and Surrounding Area
Company Will Expand Broadband Wireless Data Services to Homes and Businesses in Pinal and Maricopa Counties in Arizona
MOUNTAIN VIEW, Calif., June 17 /PRNewswire-FirstCall/ -- Corridor Communication Corporation (BB:CORR) has entered into an agreement to Deploy Wireless High-Speed Internet service to the Cable TV subscribers of Alpha Broadcasting Communications for a July 2004 deployment. Alpha Communications provides cable TV to private homes and residents in Apache Junction and Pinal County Arizona. The companies have agreed to launch Corridors Wireless HotZone system to complement the service from Alpha's Main tower locations where Corridor will be able to reach thousands of homes and businesses in East Mesa and Apache Junction. Most of the potential subscribers are in areas of Pinal and Maricopa County Arizona and fall outside of Alpha's cable service area.
Corridor plans to market its high-speed Internet data services to Alpha's existing customer base and the surrounding community. Corridor will also aid in the expansion of Alpha's cable subscriber base by adding broadband cable modem services utilizing Alpha's existing cable delivery infrastructure.
"This agreement springboards Corridors Wireless service into the community that is adjacent to our Future Coast Cable asset acquisition target. Alpha has strategic Tower locations that are very important and give us the opportunity to launch today in the Arizona Market. Alpha's subscriber base is anxious for broadband services. We know that by adding High-Speed Broadband Services we can significantly enhance the subscriber revenue and numbers. The wireless launch by Corridor into this new market will provide service where, in most cases, high-speed broadband service is not yet available to the consumer. Given this fact we feel that both the existing subscriber base and future subscribers will embrace the combined services offered by the company," said J. Michael Heil, Chief Executive Officer of the Company.
Scott Mac Caughern, Chairman of Corridor Communications Corporation stated, "The Alpha Tower locations will allow us to provide WIFI service to customers in a high density area that is part of our immediate expansion plans. By launching today Corridors Wireless Broadband Internet service in Mesa and Apache Junction Arizona will allow us to be already present as a local Broadband Internet Service Provider when we close our Cable acquisition deal with Coast Communications."
MOUNTAIN VIEW, Calif., June 14 /PRNewswire-FirstCall/ -- Corridor Communications Corporation (OTC Bulletin Board: CORR - News) has entered into a LOI to acquire CableVision Inc. Cable TV assets in a deal for cash and stock. CableVision owns cable television systems serving multiple apartment communities in Texas and Michigan, with over 7,000 homes passed. The systems have an annual recurring revenue stream of over $1.1 Million from its current subscriber base. The company plans to provide both a wired and wireless option in the apartment complexes that will blanket not only the current service area but will have an additional service area of a 15 mile radius at each of the locations. To enhance its offerings to users, Corridor Communications will immediately deploy Wireless HotZone service in these under-served cable markets.
Corridor plans to market its high-speed wireless Internet services in high density first tier markets by building networks of hotspots to provide ubiquitous service in an un-tethered environment.
"This opportunity is strategic for us, we see ourselves being a major competitor in areas where we can find a lot of savvy users in high-end, high-density communities as well as the 2nd and 3rd tier communities. We have already implemented this type of service in our Salem Market by installing hybrid wireless systems in apartment complexes where no other Broadband options are available. We know that by adding High-Speed Wireless Broadband Services we create solid revenue and happier customers," said J. Michael Heil, Chief Executive Officer of the Company.
Scott Mac Caughern, Chairman of Corridor Communications Corporation stated, "The Cable Vision asset acquisition along with last weeks announcement to acquire 7,000 subscribers from Coast Communications confirms our business strategy; as we now have back to back Cable TV deals that will bring to us over 10,000 paying subscribers and over 50,000 homes passed in a nearly no competition environment. Having a legacy asset with a solid recurring revenue foundation will certainly help us continue to execute our growth plan."
About Corridor Communications
Headquartered in Mountain View, California with Operations in Salem, Oregon, Corridor Communications, Inc. is an integrated wireless Internet service provider (WISP) offering high-speed Internet and data services, to residents and businesses. The Company plans to implement a growth-through-acquisition strategy by targeting small to mid size Dial Up Internet Service Providers (ISP) in areas underserved by current broadband options. The growth strategy will also focus on creating partnerships with existing hot spot management companies while building company owned hotspots to create ubiquitous coverage or "Hot Zones" that encompass entire cities.
Corridor's IP-Based technology supports all hardware meeting Wi-Fi 802.11(x) standards operating in an unlicensed spread spectrums (2.4 GHz and 5.7 GHz), and can be deployed far less expensively than comparable copper and cable technologies. The company also plans to leverage its network build out for other services that may include voice and video. For more information about Corridor Communications, please visit the Company's web site at http://www.corridorcommunications.com
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. Our forward-looking statements are based on currently available information which management has assessed but which is dynamic and subject to rapid and even abrupt change due to risks and uncertainties that affect our business, including the unpredictability of future revenues and limited visibility into future demand on which to base our forecasts; the current uncertainty in our marketplace which may impact expected demand, customer selection criteria and sales cycle; our ability to execute on product deliverables and major customer contracts, slower economic growth generally, slower adoption of broadband technology, or cutbacks in information technology spending; and factors beyond our control such as power outages or work stoppages at key customers.
CONTACT: Scott Mac Caughern of Corridor Communications Corp., +1-650-961-5707, or smac@speedpalcom.
Corridor Communications Corporation Signs Letter of Intent To Acquire the Cable Television System Assets of Coast Communications Inc.
Monday June 7, 9:35 am ET
Company Will Expand Broadband Wireless Data Services To Homes and Businesses in Arizona and Nevada
MOUNTAIN VIEW, Calif., June 7 /PRNewswire-FirstCall/ -- Corridor Communication Corporation (OTC Bulletin Board: CORR - News) has entered into a LOI to acquire Coast Communications Inc. Cable TV assets in a deal for cash and stock. Coast owns the rights to 25 cable television systems serving communities in Arizona and Nevada, with over 40,000 homes passed. The systems have an annual recurring revenue stream of $3.1 Million from its current subscriber base. The companies have also agreed to launch Corridors Wireless HotZone system to complement the service in its largest cable systems immediately to enhance its offerings to its users and will continue deployment until all systems are complete with broadband wireless internet.
Corridor plans to market its high-speed Internet data services to Coast's existing customer base. Corridor will also look to expand cable subscriber base by adding broadband services utilizing Coast's existing cable delivery infrastructure.
"We see only an upside in this deal with Coast Communication with its current penetration of only 20 percent. We know that by adding High-Speed Broadband Services we can bring those numbers up. This acquisition will Launch Corridor into new markets that in most cases high-speed broadband service have not been available. Given this fact we feel that both the existing subscriber base and future subscribers will embrace the combined services offered by the company," said J. Michael Heil, Chief Executive Officer of the Company.
Scott Mac Caughern, Chairman of Corridor Communications Corporation stated, "The Coast Cable asset will enhance our core competencies in servicing our existing customer base with bundled services of High-Speed Internet Access, Cable Television Programming, and Voice Products. In addition, we get the benefit of a company with zero debt and liabilities, a solid recurring revenue foundation and an excellent infrastructure that will further enable Corridor to execute on our strategic growth plan."
About Corridor Communications
Headquartered in Mountain View, California with Operations in Salem, Oregon, Corridor Communications, Inc. is an integrated wireless Internet service provider (WISP) offering high-speed Internet and data services, to residents and businesses. The Company plans to implement a growth-through- acquisition strategy by targeting small to mid size Dial Up Internet Service Providers (ISP) in areas underserved by current broadband options. The growth strategy will also focus on creating partnerships with existing hot spot management companies while building company owned hotspots to create ubiquitous coverage or "Hot Zones" that encompass entire cities.
Corridor's IP-Based technology supports all hardware meeting Wi-Fi 802.11(x) standards operating in an unlicensed spread spectrums (2.4 GHz and 5.7 GHz), and can be deployed far less expensively than comparable copper and cable technologies. The company also plans to leverage its network build out for other services that may include voice and video. For more information about Corridor Communications, please visit the Company's web site at http://www.corridorcommunications.com
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. Our forward-looking statements are based on currently available information which management has assessed but which is dynamic and subject to rapid and even abrupt change due to risks and uncertainties that affect our business, including the unpredictability of future revenues and limited visibility into future demand on which to base our forecasts; the current uncertainty in our marketplace which may impact expected demand, customer selection criteria and sales cycle; our ability to execute on product deliverables and major customer contracts, slower economic growth generally, slower adoption of broadband technology, or cutbacks in information technology spending; and factors beyond our control such as power outages or work stoppages at key customers.
Contact: Scott Mac Caughern of Corridor Communications Corp., +1-650-961-5707, or smac@speedpalcom.
--------------------------------------------------------------------------------
Source: Corridor Communication Corporation
This Forbes article is about what Corridor is getting started in.
Forbes Magazine The Great Wi-Fi Hope
Bold hackers with "junk" spectrum may revive high tech, reaping the next round of big bucks.
Dayton is always looking for what's next in tech. In 1994, when he was all of 22, he started reselling Internet access leased from a big backbone operator named Uunet. The company he founded, EarthLink, still thrives today as the number three Internet service provider. His 3.2% stake is worth $42 million.
Now Dayton is eyeing the next revolution, a wireless gold rush so bold and sweeping that it inspires rapture in even hardened Silicon Valley veterans. Best known for its engineering spec--802.11 ("eight-oh-two-dot-eleven")--and the nickname Wi-fi (for wireless fidelity), it offers lightning-fast data links around the home, in the office and across a neighborhood and beyond.
The Wi-fi wave has already linked up an estimated 10 million laptops, Palm handhelds and other gadgets in hundreds of small, extremely local wireless networks. Some of these are commercial--one firm put them in several hundred Starbucks coffee shops. Many others are "freenets," access points provided gratis by 802.11 devotees who are, in essence, seeding the business. Mesh enough of these networks together and you have a mini-Net free of the phone and cable monopolies that control the "last mile" of wiring into your house. That's why 802 threatens them the most.
This revolution promises to offer new things we didn't even know we wanted, from instant video on your laptop in an airport lounge (10% of the 30 million laptops sold worldwide in 2001 are 802-ready) to a peek through every TV camera at a football game. Schools and hospitals can build their own networks, shipping sound and video across the room at up to 11 million bits per second, 196 times as fast as a PC modem.
"This is the next frontier," says Dayton, who in late 2000 founded a new firm, Boingo, to offer 802 access. It is, in short, just what the depressed denizens of Silicon Valley need most. The Nasdaq has begun its third year of declines. Some $1 trillion in value has vanished in telecom alone, a number so big that few investors are unscathed. It has been hard to find hope--until now. The Wireless Ethernet Compatibility Alliance, an industry group with members like Intel and Cisco, says that worldwide sales of Wi-fi equipment will reach $5 billion by 2005. Sales were $1.5 billion last year.
The Wi-fi wave arose in stealth in the past few years, with none of the usual proclamations by industry analysts or promises from big companies. It was nurtured by thousands of programmers working in the netherworld of "junk" spectrum, a narrow stitch of free bandwidth set aside by the Federal Communications Commission for things like microwave ovens and streetlamps.
Cellular service typically uses a central swath of spectrum that is heavily regulated and highly priced; telecom titans had to pay billions for federal licenses and invest billions more to erect their networks. The 802 spectrum, by contrast, comes free of charge and is largely unregulated by the FCC, and the gear costs thousands of dollars, not millions.
That's why Wi-fi is catching on like a prairie fire. Dozens of startups are working on the building blocks that will let this new wave proliferate. Venture capitalists see a spate of new investment prospects. Even telecom incumbents--the fat and unhappy titans vulnerable to an 802 uprising--are placing bets on the Wi-fi threat. Intel has committed several hundred million dollars to Wi-fi, Sony has plans to put it in every TV set and PC it sells in Japan and Microsoft plans a fall debut for Mira, a wireless computer pad with an 802 linkup to the Web. "This is huge," says Saltzman, a senior director at Intel (nasdaq: INTC - news - people). "It's one of the fundamental technologies, limited only by people's creativity." In 30 months Intel has slashed Wi-fi chip prices by 82% and boosted throughput by 5,400%--better gains than it scored in PC chips.
At Boingo, Sky Dayton's new outfit, engineers are helping to roll out dozens of "hot spots," uplink points in neighborhoods, airports, hotels and coffee shops, tying together chaotic freenets and traditional office networks to form giant wireless systems. In Boingo's first two weeks of operation, Dayton brought on 500 low-power sites spread throughout the U.S. at sites like New York's Four Seasons Hotel. He plans to encompass 5,000 in his network by year-end. Boingo's $25-to-$75 monthly package includes a software "sniffer" that checks the air for nearby hot spots. If it finds one, the software identifies whether it is a freenet or an office network and decides whether the user is allowed access. If the access-point owner has affiliated with Boingo, the user is instantly connected, and the owner is paid a fee. Corporations can use encryption and firewalls to keep strangers out.
Dayton started Boingo at the end of 2000, after he put an access point up in his house and got instant broadband, anywhere at home. "The moment it was on, I realized it would take in every house, every business," he recalls. At a tech conference in Aspen, Colo. early last year Dayton was about to dial in to EarthLink, but turned his sniffer on for a lark. To his amazement it offered four different networks he could access from his hotel room. Turning his back on his own ISP, Dayton went wireless. Then he started working on his new business.
ASSET PURCHASE AGREEMENT
On May 6, 2004, Corridor Communications Corp., a Delaware corporation (the
"Company"), entered into an Asset Purchase Agreement (the "Agreement") with
Corridor Communications Corporation, an Oregon corporation ("Corridor-Oregon"),
whereby the Company acquired all of the assets of Corridor-Oregon in exchange
for 12,000,000 shares of common stock of the Company. Corridor-Oregon is a
Wireless Internet Service Provider ("WISP") providing high-speed ubiquitous
connectivity to single family homes, businesses and hotspots.
The 12,000,000 shares of common stock issued pursuant to the Agreement were not
registered under the Securities Act of 1933, as amended (the "Act") and were
issued in the reliance upon the exemption from registration provided by section
4(2) of the Act, on the basis that the acquisition of the assets of
Corridor-Oregon is a transaction not involving a public offering. All
certificates evidencing the shares bear a customary form of investment legend
and may not be sold, pledged, hypothecated or otherwise transferred unless first
registered under the Act or pursuant to an available exemption from such
registration requirements.
DESCRIPTION OF BUSINESS
Overview
Corridor-Oregon is engaged in the provision of high speed Internet access
through the use of Wireless Fidelity ("WiFi") technology. Corridor-Oregon has
focused its marketing efforts on users that are denied the benefits of a fast
Internet line for a variety of reasons, the most common of which are distance
from a telephone company central office and poor infrastructure deployment of
the local cable provider. In areas where there may be some overlap with cable
access and DSL, Corridor-Oregon believes it is competitive in terms of price,
performance, installation lead times and the added benefit of un-tethered
access. Subscribers within the hot zone have the added benefit of "un-tethered"
Internet access. Unlike cable or DSL services, Corridor-Oregon's customers can
surf the web and check their email as long as they are within a hot spot.
Corridor-Oregon can deploy its high-speed service without the need for
construction, permits or licenses. Once a hot zone is selected, it will be able
to provide services within a matter of weeks. A hot zone or hot spot is a
geographical area which we service in which users can access the Internet on a
wireless basis without the use of traditional Internet connections.
Products and Services
Corridor-Oregon is a Wireless Internet Service Provider (WISP) with a variety of
services tailored for home and business users. The speed of the service (actual
bandwidth to and from the computer) is comparable to most DSL and cable services
(approximately 384k to 768k).
Corridor-Oregon provides a variety of different services for home or business
users as well as access for users that are "just passing through". In addition
to providing Internet access, Corridor-Oregon will also provide use of email
accounts and a web site which varies in size from 5MB to 15MB. The cost of
Internet access range from $29.95 per month to $79.95 per month. Corridor-Oregon
also provides daily and weekly rates. Corridor-Oregon sells WiFi adapters, which
allow any standard computer to access its WiFi network.
I don't know about Jilbey but I would be happy with a buck by the end of the summer.
KC
Jilbey Gold Intersects 34.50 Meters Of 13.56 G/T Gold In Bissa Core Drilling
5/18/04
BEDFORD, Nova Scotia, May 18, 2004 (BUSINESS WIRE) --
Jilbey Gold Exploration Ltd. ('Jilbey'or the 'Corporation') (TSX VENTURE:JLB) is pleased to report additional high grade gold assay results from its diamond core drilling program on the Bissa deposit located in Burkina Faso, West Africa. Significant drill results from holes 17 through 29 include 13.56 g/t over 34.5 meters, 5.43 g/t over 41.6 meters, 4.34 g/t over 29 meters and 6.16 g/t over 20 meters.
The drill program is designed to define and potentially expand the Bissa deposit (please refer to press releases dated March 8, 2004 and May 4, 2004). A total of 80 holes are planned and assays have been received on the first 29 diamond drill holes. Significant results from holes 17 through 29 are reported in Table 1 below. Drilling is continuing and is expected to be completed near the end of May with all assay results received by the end of June. A complete list of diamond drill holes and results will be posted on the Jilbey web site at www.jilbey.com.
Phil, the only time you will smell mold is when it is active, releasing spores. If you don't know the type of mold I would reccomend using gloves and a long sleeved shirt as well as a mask. Infection can be made through skin contact as well.
KC
I should also say that unless you live in a sterile bubble you will never get rid of all molds. For the most part molds are not harmful to humans. There are some (the black one you mentioned) that can cause real problems though.
http://www.startremodeling.com/Mold_Midew_Page.htm
KC
Mold needs three things to grow, water, food, and warmth. If you take any one away it will stop the growth. You will get a moldy smell when mold is growing because it blows off spores to spread. As I said before remove any one, and you will stop the smell, the mold then kind of hibernates until it has all three things present again. This does not get rid of the mold it just stops the spread. To kill the mold you have to either remove any infected building material or you can kill it with a bleach/water solution. There are other commercial products out there to kill it but bleach is as good or better than most. If the walls interior has been infected by the mold then you will have to have all wooden surfaces sprayed and wiped down to get rid of the mold.
KC
The stores in this area that sell new mattresses (single, double, queen) wrap the mattress in a plastic for shipping. I don't know if it's poly or vinyl. That might be a place to look if you just need a small piece. Might not even charge you.
KC
That sounds good to me, but I would cover the 4X8 or 4X4 with sheet metal and paint on the the non moveables. Then use magnetized objects for the things that can be moved.
KC
The advantage to a waste oil heater is the fact that you can usually get the oil for free. Any garages that do oil changes have to pay to get rid of the old oil and are happy to give you as much as you want so they don't have that expense. Most of the wasre oil heaters I've been looking at come with an attached 200 (approx) gallon tank that you just dump the oil into. Your only cost would be the time to pick it up.
KC
I had given some thought to a waste oil heater. I will have to get in touch with the Ministry of the Enviroment to see if they are even allowed in the province. From the surfing that I have done on the net, they may have been outlawed in the late nineties
http://www.heatwave-waste-oil-heaters.com/models.htm
This is the one I was looking at (approx. $2000)
KC
Here's a web site on collection system
http://cnets.net/~eclectic/woodworking/cyclone/Equipment.cfm#Cyclone%20Separators
KC
Coal is not a viable option around here, I would have to have it brought in. In this area fuel oil, natual gas or propane, and wood are the main heating sources. I would have to have the garage heated from about the first of December until the end of March and just warm enough at night to keep things from freezing.
KC
Right now I'm kind of leaning toward heating with propane, those unvented heaters look good, and a wood stove for the disposal of the wood scraps. Having the propane wood also allow me to hook up to the BBQ during the summer months and extend the BBQ season.
KC
The outdoor furnace is great and afew people around here use them, but it's a little more than I'm looking for. The primary heat source will not be wood. The wood stove (or furnace) end will be used mainly for the disposal of wood ends and pieces. I am planning on some passive solar heating with three skylights with a southern exposure. I kind of like these heaters http://www.heatershop.com/propane_garage_heaters.html or the waste oil furnaces if I could find a constant supply.
KC
Does anyone have a good link on heating a shop? I'm going to be building a new shop 25x30 this year and I am presently looking at heating with a wood/oil combo. Any suggestions?
KC
Take a look at these:
http://www.wood-worker.com/plans/router/index.htm
http://www.sawdustmaking.com/Router%20Table/simple_router_table.htm
http://www.woodworkingtips.com/etips/etip040700wb.html
this is the one I build but not quite as nice as this one
http://www.woodworking.org/WC/GArchive98/7_10johnsrtab1.html
http://www.gifkins.com.au/SimpleRouterTable.htm
KC
Tue Oct 28, 2003
True North Gems' True Blue beryl discovery confirmed the first of its kind
--------------------------------------------------------------------------------
Vancouver - October 28, 2003 - True North Gems (TGX-TSX-V) is pleased to announce that Canada has a new gemstone. Consulting mineralogists and gemologists have confirmed that the blue beryl discovered on True North Gems' True Blue property this summer is a unique type of aquamarine, the first of its kind, durable, beautiful, rare and so far, priceless.
"We are extremely happy to confirm that a new gemstone has been discovered in Canada and credit the collaborative efforts of industry, academic and government resources for this important breakthrough. It also confirms our belief that a world-class gemstone district is emerging in the Canadian Yukon---A district in which True North Gems is at the forefront," says Andrew Lee Smith, CEO and Chairman of True North Gems.
The True Blue beryl was first reported in 1976 and rediscovered by True North Gems during the 2003 regional exploration program conducted in the Finlayson District of the Canadian Yukon. Bill Wengzynowski, President of Archer Cathro & Associates and Dr. Lee Groat, a Professor at the University of British Columbia Department of Earth and Ocean Sciences, made the find this summer.
"The True Blue beryl appears to be unique, one-of-a kind and is native to Canada. It is gemologically distinct from other precious stones. It most resembles an aquamarine, but is more blue in hue, deeper in tone, and higher in saturation, at times resembling a blue sapphire, " says William Rohtert, Consulting Gemologist.
More information will be made available during a webcast and press conference scheduled for today, October 28, 2003 at 1:30 pm. Eastern Time (10:30 am Pacific Time) at the Fairmont Hotel Vancouver---Cortez Island Room---Vancouver B.C. Participants may join us by attending the press conference or by dialing 416-695-5806 or dial toll-free at 1-800-273-9672 five minutes prior to 1:30 pm Eastern Time (10:30 am Pacific Time). A question and answer session is available for participants. To listen and watch the webcast, please enter: http://www.newswire.ca/webcast/viewEventCNW.html?eventID=668800 in your web browser.
True North Gems is a public company, listed on the TSX-Venture Exchange and is engaged in the exploration and development of North American gemstone deposits. The company is a pioneer in Canadian gemstone exploration and owns a 100-percent interest in the Yukon-based Regal Ridge property and in the Ontario-based Ghost Lake property. Regal Ridge and Ghost Lake host the only two confirmed emerald deposits in Canada.
Additional materials available upon request include:
- Biography and photograph of Andrew Lee Smith, Chairman and CEO, True North Gems
- Biography and photograph of Bernie Gaboury, President and COO, True North Gems
- Biography and photograph of Bill Wengzynowski, President of Archer Cathro & Associates
- Biography and photograph of Dr. Lee Groat, Professor, University of British Columbia
- True Blue Beryl photographs
- True Blue Beryl fact sheets
For further information contact:
Ken Shortt, Investor Relations
Telephone: 604-687-8055 or 1-800-399-8055
mailto:ken@truenorthgems.com
http://www.truenorthgems.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release. WARNING: The Company relies on litigation protection for "forward-looking" statements.
You can view the Next News Releases item: Thu Oct 23, 2003, True North Gems reports positive results from emerald processing via magnetic separation
There is also True Blue and Hinterland in the Yukon with emeralds.
KC
Mountain Lake to begin Goodwin Lake drill program
2003-09-22 17:45 ET - News Release
Mr. Allen Sheito reports
ADDITIONAL DRILLING BY MOUNTAIN LAKE IN NEW BRUNSWICK
Mountain Lake Resources has disclosed that a diamond drilling program will be carried out in its New Brunswick Goodwin Lake base metal property located in the Bathurst district. Field crews are currently in the process of mapping, positioning and soil sampling seven untested electromagnetic anomalies identified during the fieldwork completed in the late 1990s.
Diamond drilling on at least three of the most promising targets will commence in the second half of September, 2003. A drill contract for a minimum of 500 metres will be tendered once the geochemical analyses are received.
The Goodwin Lake property is the site of a significant massive sulphide drill intersection cored in 1997. This intercept contained 5.93 per cent zinc, 0.24 per cent lead and 0.09 per cent copper over a core length of 15.9 metres. The company's 2003 field program has been designed to test and evaluate other nearby electromagnetic anomalies for their base metal potential.
Mountain Lake Resources is a Canadian based mineral exploration company with a 25% interest in a producing diamond mine in South Africa.
For more information please contact:
Mountain Lake Resources Inc.
Allen E.Sheito
President & CEO
MOA (TSX Venture Exchange)
www.mountain-lake.com
Direct Dial: 902-542-9773
Fax: 902-542-4442
Mountain Lake to begin Goodwin Lake drill program
2003-09-22 17:45 ET - News Release
Mr. Allen Sheito reports
ADDITIONAL DRILLING BY MOUNTAIN LAKE IN NEW BRUNSWICK
Mountain Lake Resources has disclosed that a diamond drilling program will be carried out in its New Brunswick Goodwin Lake base metal property located in the Bathurst district. Field crews are currently in the process of mapping, positioning and soil sampling seven untested electromagnetic anomalies identified during the fieldwork completed in the late 1990s.
Diamond drilling on at least three of the most promising targets will commence in the second half of September, 2003. A drill contract for a minimum of 500 metres will be tendered once the geochemical analyses are received.
The Goodwin Lake property is the site of a significant massive sulphide drill intersection cored in 1997. This intercept contained 5.93 per cent zinc, 0.24 per cent lead and 0.09 per cent copper over a core length of 15.9 metres. The company's 2003 field program has been designed to test and evaluate other nearby electromagnetic anomalies for their base metal potential.
Mountain Lake Resources is a Canadian based mineral exploration company with a 25% interest in a producing diamond mine in South Africa.
For more information please contact:
Mountain Lake Resources Inc.
Allen E.Sheito
President & CEO
MOA (TSX Venture Exchange)
www.mountain-lake.com
Direct Dial: 902-542-9773
Fax: 902-542-4442
New 52 week high for MOA!!
KC
This may seem like an odd question and I'm sure there is an obvious answer, but why don't the majority of homes have basements?
KC
Etruscan and Mountain Lake: Debt Financing for Diamond Plant Expansion
Tuesday May 6, 9:10 am ET
WINDSOR, NOVA SCOTIA--Etruscan Resources Inc. (EET.TSX) and Mountain Lake Resources Inc. (MOA.TSX Venture) announce jointly that debt financing of R7.7 million (Cdn$1.5 million) has been secured for Etruscan Diamonds (Pty) Ltd. ("Etruscan Diamonds") through the Industrial Development Corporation of South Africa ("IDC"). The IDC is a major South African financial institution. The loan proceeds will be used to fund the first expansion phase of the Tirisano Diamond mine in South Africa. The projected payback is only two months, however, the IDC financing is structured with a five-year term and bears interest at the South African prime-lending rate. Closing of the financing is subject to completion of documentation and fulfillment of standard conditions.
The first phase of the Tirisano expansion involves the addition of extra scrubbing and screening capacity, to increase plant throughput from 600,000 to 960,000 cubic meters per annum. This expansion is expected to be completed by September of this year and to increase diamond production from 19,200 to 27,600 carats per annum.
Etruscan Diamonds has also initiated engineering and design studies for the second phase expansion for Tirisano. This will involve the construction of a second, much larger processing plant. The second plant is expected to increase plant throughput to 2.7 million cubic meters per annum and to increase diamond production to 78,000 carats per annum. The construction period for this second phase expansion is expected to take 12 months commencing in the fall of 2003. Diamond production will continue during both expansion phases. Etruscan Diamonds has received expressions of interest for financing the second phase expansion from several South African financial institutions including IDC.
Bateman Minerals Limited ("Bateman") has been contracted to carry out the engineering and the majority of equipment supply for the first phase expansion. Bateman is also expected to be involved as project manager and major supplier for the second larger expansion. Bateman is a leading South African firm in the supply of engineering services and plant equipment to the South African diamond industry.
To the end of March 2003 the Tirisano Diamond mine has generated revenues of US$906,000 from the sale of 2,064 carats giving an average value of US$439 per carat. The next tender of diamonds is scheduled in early May.
The common shares of Etruscan are traded on The TSX Exchange under the symbol "EET". The common shares of Mountain Lake are traded on the TSX Venture Exchange under the symbol "MOA". More extensive information on Etruscan and Mountain Lake can be found on their respective websites at http://www.etruscan.com and http://www.mountain-lake.com.
Etruscan Resources: Diamond Sales Completed from Controlled Mining Block at Tirisano
08:54 EDT Tuesday, April 15, 2003
WINDSOR, NOVA SCOTIA--Etruscan Resources Inc. (EET.TSX) and Mountain Lake Resources Inc. (MOA.TSX Venture) jointly announced today the last parcel of diamonds from the 100,000 tonne controlled mining block at the Tirisano Diamond Mine in South Africa were sold for an average price of US$498 per carat. This completes the sale of all diamonds recovered from the controlled mining block. The actual revenues have exceeded projections as a result of a 10% increase in value per carat realized from the diamond sales.
The purpose of reporting on the grade and value of this 100,000 tonne block was to confirm the basic parameters of the business model for Tirisano upon which projected revenues were based. The grade of the controlled mining block was reported on March 31, 2003 as 1.51 carats per hundred tonnes (2.72 carats per 100 cubic meters) compared to the projected grade of 1.6 carats per 100 tonnes (2.9 carats per 100 cubic meters). All resource and reserve work is carried out under the supervision of David Duncan, P. Geo., Chief Geologist for Etruscan Resources.
Grade and Revenue Comparisons for the 100,000 Tonne
Controlled Mining Block
Value per Revenue per
Grade Grade Carats Carat Revenue Tonne
(cpht) (cphm3) (US$) (US$) (US$)
Projected 1.60 2.88 1,600 400 640,000 6.40
Actual 1.51 2.72 1,510 440 664,400 6.64
The companies also wish to advise that in future, all volumes and production results will be reported in cubic meters (m3) rather than in tonnes, and that grade will be reported in terms of carats per 100 cubic meters (cphm3) rather than carats per 100 tonnes to conform with industry standards for reporting on alluvial diamond mining operations.
The common shares of Etruscan are traded on The TSX Exchange under the symbol "EET". The common shares of Mountain Lake are traded on the TSX Venture Exchange under the symbol "MOA". More extensive information on Etruscan and Mountain Lake can be found on their respective websites at http://www.etruscan.com and http://www.mountain-lake.com .
FOR FURTHER INFORMATION PLEASE CONTACT: Etruscan Resources Inc., Richard Gordon, Investor
SUBJECT: NEWS RELEASE Posted By: carterone
Post Time: 4/15/03 08:56
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Etruscan Resources: Diamond Sales Completed from Controlled Mining Block at Tirisano
08:54 EDT Tuesday, April 15, 2003
WINDSOR, NOVA SCOTIA--Etruscan Resources Inc. (EET.TSX) and Mountain Lake Resources Inc. (MOA.TSX Venture) jointly announced today the last parcel of diamonds from the 100,000 tonne controlled mining block at the Tirisano Diamond Mine in South Africa were sold for an average price of US$498 per carat. This completes the sale of all diamonds recovered from the controlled mining block. The actual revenues have exceeded projections as a result of a 10% increase in value per carat realized from the diamond sales.
The purpose of reporting on the grade and value of this 100,000 tonne block was to confirm the basic parameters of the business model for Tirisano upon which projected revenues were based. The grade of the controlled mining block was reported on March 31, 2003 as 1.51 carats per hundred tonnes (2.72 carats per 100 cubic meters) compared to the projected grade of 1.6 carats per 100 tonnes (2.9 carats per 100 cubic meters). All resource and reserve work is carried out under the supervision of David Duncan, P. Geo., Chief Geologist for Etruscan Resources.
Grade and Revenue Comparisons for the 100,000 Tonne
Controlled Mining Block
Value per Revenue per
Grade Grade Carats Carat Revenue Tonne
(cpht) (cphm3) (US$) (US$) (US$)
Projected 1.60 2.88 1,600 400 640,000 6.40
Actual 1.51 2.72 1,510 440 664,400 6.64
The companies also wish to advise that in future, all volumes and production results will be reported in cubic meters (m3) rather than in tonnes, and that grade will be reported in terms of carats per 100 cubic meters (cphm3) rather than carats per 100 tonnes to conform with industry standards for reporting on alluvial diamond mining operations.
The common shares of Etruscan are traded on The TSX Exchange under the symbol "EET". The common shares of Mountain Lake are traded on the TSX Venture Exchange under the symbol "MOA". More extensive information on Etruscan and Mountain Lake can be found on their respective websites at http://www.etruscan.com and http://www.mountain-lake.com .
FOR FURTHER INFORMATION PLEASE CONTACT: Etruscan Resources Inc., Richard Gordon, Investor
If you have room in your new PC the old HD should be the slave, and the OS will probably give it a drive name D,E,F or what ever when you boot up.
KC
Since I will be in the basement my storage place for lumber will be very limited, certainly not for a 4x8 sheet. I'm planning on room for 8' or less lumber but any full sheets will have to be stored in my shed outside.
I'm actually looking on this as a learning experience for the shop I want to build eventually.
EDIT: My wife already has projects lined up for me that may take me into the next decade.
KC
Just a bit of an update on the workshop I'm putting in my basement.
My home is old, built about 1911, and it has limestone walls in the basement. I really don't think they ever used the basement for much other than storage back then because it's only about 6 feet at the highest (not a huge problem for me but others not used to it do get the occasional bump) and being a stone wall the base is wider than the top.
I started by insulating the exterior walls. This of course is a challenge since I am in grey clay and there is always water in the spring and fall. I'm hoping that a new sump pump will relieve this. The 2x4 walls can't be nailed to the stone so they are attached only to floor joists and tightly jammed onto a PT 2x4 on the floor. For the most part I have used R12 insulation. While I was putting up the walls I broke through an old cistern(sp) which I have converted into a cold storage room. I put in some new electrical wiring, a 15 amp for new lighting, a 15 amp for smaller tools and a 20 amp for the new table saw and future jointer. I have also purchased a band saw and (probably the most important thing to keep peace in the house) a dust collector, which eventually will be connected to all the stationary power tools. I'd like to thank porscha for all the links he gave me Iv'e been using them to make some portable benches (everything have to be on casters in a small space. I've built a router table for the new 2 HP router, a corner table for my drill press and a table for my 10" mitre saw. I built a table for the disc sander I made from an old motor that's been kicking around. I finally got around to hanging up all my clamps from a 2x6 suspended on an empty spot on a wall by 2 brackets. My project now is a surface sander similar to this http://www.intheworkshop.com/. The drum however is going to be made from a piece of 3" ABS piping with wooden ends cut to interior and exterior dementions (2 for each end). I going to try and tack the sand paper to the wooden ends. If this doesn't work there is always the spray adhesive or the velcro solution. My next project is going to be a air cleaner and extension table combo to sit behind my table saw to get rid of the fine dust particles. I should mention that I have been putting in drawers into each of the tables for storage, it makes it much easier to find things associated with each tool.
I also want to brag a bit here...I've found someone who will sell me 5/8 MDF for .50 for an 8'x2' piece....yes you saw right .50.
KC
Diamond Grade and Value Confirmed at Tirisano
Monday March 31, 12:47 pm ET
WINDSOR, NOVA SCOTIA--Etruscan Resources Inc. (EET.TSX) and Mountain Lake Resources Inc. (MOA.TSX Venture) jointly announced today that results from the 100,000 tonne controlled mining block confirm the diamond grade, price and revenue projections for the Tirisano Mine located in South Africa. The average grade is 1.51 carats per 100 tonnes (2.72 carats per 100 cubic meters) using a bottom cutoff screen size of 2 mm. The average diamond value is US$429 per carat from all diamond sales including the diamonds sold to date from the controlled mining block. The average revenue generated to date per tonne is US$6.49. This compares favourably to the projected business model of 1.6 carats per 100 tonnes (2.9 carats per 100 cubic meters); a value of US$400 per carat; and revenue of US$6.40 per tonne.
The Tirisano Diamond Mine has generated total revenues to date of US$752,132 from the sale of 1,754 carats. Another diamond sale is scheduled for early April at which time all the remaining unsold diamonds from the controlled mining block will be auctioned off. A further press release will be issued at that time to report on the final value from the controlled mining block.
Material from the controlled mining block consisted predominantly of the yellow, clay-rich alluvial gravel mined at depths varying between 5 and 30 meters over a strike length of 250 meters along the eastern margin of the ore body. Recent drilling confirmed the yellow, clay-rich gravel continues to depths of 80 meters in a large "sinkhole" feature in the underlying dolomite bedrock. The depth extension of the yellow gravel is responsible for the 25% increase in the in situ indicated diamond resource as announced on February 27, 2003. As stated in that press release, the on-going exploration program is managed by Etruscan Diamonds with oversight provided by David Duncan, P. Geo., Chief Geologist for Etruscan Resources.
The clay-rich gravel represents over 85% of the alluvial gravel resource and initially presented several challenges for the plant to overcome. Modifications were completed during January and February and plant is now running smoothly. Additional scrubbing capacity will be added to increase daily throughput and plant availability. Final engineering and design studies for expanding the Tirisano plant are now underway based on the new results and current metallurgical parameters.
The common shares of Etruscan are traded on The TSX Exchange under the symbol "EET". The common shares of Mountain Lake are traded on the TSX Venture Exchange under the symbol "MOA". More extensive information on Etruscan and Mountain Lake can be found on their respective websites at http://www.etruscan.com and http://www.mountain-lake.com .
Diamond Grade and Value Confirmed at Tirisano
Monday March 31, 12:47 pm ET
WINDSOR, NOVA SCOTIA--Etruscan Resources Inc. (EET.TSX) and Mountain Lake Resources Inc. (MOA.TSX Venture) jointly announced today that results from the 100,000 tonne controlled mining block confirm the diamond grade, price and revenue projections for the Tirisano Mine located in South Africa. The average grade is 1.51 carats per 100 tonnes (2.72 carats per 100 cubic meters) using a bottom cutoff screen size of 2 mm. The average diamond value is US$429 per carat from all diamond sales including the diamonds sold to date from the controlled mining block. The average revenue generated to date per tonne is US$6.49. This compares favourably to the projected business model of 1.6 carats per 100 tonnes (2.9 carats per 100 cubic meters); a value of US$400 per carat; and revenue of US$6.40 per tonne.
The Tirisano Diamond Mine has generated total revenues to date of US$752,132 from the sale of 1,754 carats. Another diamond sale is scheduled for early April at which time all the remaining unsold diamonds from the controlled mining block will be auctioned off. A further press release will be issued at that time to report on the final value from the controlled mining block.
Material from the controlled mining block consisted predominantly of the yellow, clay-rich alluvial gravel mined at depths varying between 5 and 30 meters over a strike length of 250 meters along the eastern margin of the ore body. Recent drilling confirmed the yellow, clay-rich gravel continues to depths of 80 meters in a large "sinkhole" feature in the underlying dolomite bedrock. The depth extension of the yellow gravel is responsible for the 25% increase in the in situ indicated diamond resource as announced on February 27, 2003. As stated in that press release, the on-going exploration program is managed by Etruscan Diamonds with oversight provided by David Duncan, P. Geo., Chief Geologist for Etruscan Resources.
The clay-rich gravel represents over 85% of the alluvial gravel resource and initially presented several challenges for the plant to overcome. Modifications were completed during January and February and plant is now running smoothly. Additional scrubbing capacity will be added to increase daily throughput and plant availability. Final engineering and design studies for expanding the Tirisano plant are now underway based on the new results and current metallurgical parameters.
The common shares of Etruscan are traded on The TSX Exchange under the symbol "EET". The common shares of Mountain Lake are traded on the TSX Venture Exchange under the symbol "MOA". More extensive information on Etruscan and Mountain Lake can be found on their respective websites at http://www.etruscan.com and http://www.mountain-lake.com .
KC
Hi porscha
One thing I would stay away from on your kitchen counter is the pressure treated 3/4 you mentioned. This is just my personal opinion after several years of testing the stuff in soil samples.
KC
News out on Tango Minerals
http://www.stockhouse.com/news/news.asp?newsid=1559625
KC
WINDSOR, Nova Scotia, Feb 27, 2003 (BUSINESS WIRE) -- Etruscan Resources Inc. (TSX:EET) and Mountain Lake Resources Inc. (TSX VENTURE:MOA) jointly announced today a 25% increase in diamond resources for the Tirisano Diamond Mine operated by Etruscan Diamonds (Pty) Ltd in South Africa. An independent resource estimate was recently completed by RSG Global Pty Ltd. (RSG) of Johannesburg, South Africa and reported the in situ indicated diamond resources to be 10.4 million cubic meters at an average global grade of 2.9 carats per 100 cubic meters (1.6 carats per 100 tonnes) using a bottom cutoff screen size of 2mm.
This resource update builds on a previous report by RSG in 2000 and incorporates the results of recently completed geophysical surveys, delineation drilling, and the current mine pit that is excavating into a large gravel-filled sinkhole on the East Gravel Run on the Nooitgedacht 131 IP property. Etruscan Diamonds continues to conduct exploration along the East Gravel Run and has delineated other sinkholes with gravel to depths exceeding 60 meters on the adjacent Hartbeestlaagte and Zwartrand properties. Etruscan Diamonds expects to report future resource updates for the entire deposit as additional drilling is completed.
RSG has prepared the updated resource estimate in accordance with international codes for the assessment of mineral assets. In particular, RSG has applied the Valmin and JORC codes as adopted by the AusIMM and the SAMREC code developed for South Africa (with special guidelines for the diamond industry) and adopted by the Johannesburg Stock Exchange (JSE). The on-going exploration program is managed by Etruscan Diamonds with oversight provided by David Duncan, P. Geo., Chief Geologist for Etruscan Resources.
Etruscan Diamonds also reported today that its second parcel of diamonds from the Tirisano Mine was sold for US$188,000. The tender parcel was comprised of 504.0 carats. The average sales price for the sales to date is US$437 per carat compared to the forecast business model price of US$400 per carat.
The common shares of Etruscan are traded on The TSX Exchange under the symbol "EET". The common shares of Mountain Lake are traded on the TSX Venture Exchange under the symbol "MOA". More extensive information on Etruscan can be found on its home page at http://www.etruscan.com.
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