Candle Lake Joint Venture...WEM holds a 20% carried interest that reverts to a 1.5% royalty on Gross Revenues after commercial production commences. Their partner, Great Western Minerals (GWG), has received good results from the initial processing of the kimberlite drilled at the Candle Lake project: http://www.greatwesterngold.com/pressrel/sep13-2002nr.html ...GWG recently announced funding for it's projects, including the Candle Lake diamond property: http://www.greatwesterngold.com/pressrel/mar20-2003nr.html ...Cap
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