Replies to post #33253 on Xun Energy, Inc. (fka XNRG)

[RG]

This NEVER materialized, sounded good, but was a no go. As of this date I'm unsure why this never got going. It's from a PR in 2009 that relates to the current CEO of XNRG

MineCore purchased AMC in 2005 to expand its future operations in the colored gemstone market. MineCore reviewed the ammolite product line and the potential of the products. "We foresee a huge market for ammolite stones and jewelry," stated Jerry G. Mikolajczyk, MineCore's Chief Operating Officer.

MineCore intends to refine its waste to produce pure sapphire crystal to maximize on the hi-tech market's demand for clean energy and other applications. MineCore has developed a process of economically mining sapphires at the lowest possible cost in the industry. The first open pit strip mine is scheduled for production in 2010, subject to completion of financing of $50 Million. MineCore estimates the first full year of production to be 9.8 million grams of sapphire with production increasing to 74 million grams by year nine. Based on the results of the tests performed, approximately 25% of sapphire production will meet MineCore's high standards for gem quality sapphire (grade 7 or higher) with the remaining 75% deemed waste, non-gemstone sapphire. A detailed discussion of the sapphire gemstone business plan can be viewed at: Minecore Discusses Sapphire Gemstone Business Plan and Market (www.minecore.com/press_releases/MineCore%20Discusses%20Sapphire%20Gemstone%20Business%20Plan%20and%20Market%205_20_09.pdf) Marketwire (Thursday, May 20) (http://www.marketwire.com/press-release/Minecore-International-Inc-992395.html).

MineCore believes that its planned sapphire project for Madagascar is a highly desirable and economically compelling project in a growing under-serviced market.