| To: Supervalue who wrote (145) | 9/22/1997 8:37:00 PM | | From: Aloysius Q. Finnegan | | | |
Bruce & William,
What gives? I followed both your posts on this thread for months. Now there hasn't been a peep out of either of you on FFV for over a month.
Hold out any hope for this guy? What's your take on the latest press release? (See below). Can we be competetive here with the falling price of gold?
Thanks,
Patrick
VSE Trading Symbol: FFV
September 18th, 1997
N E W S R E L E A S E
Forefront Ventures Ltd continues to make progress at its 50% owned San
Francisco de Yoquivo operation. The Company has all underground mineral
rights as well as rights to all previously mined ore (tailing dumps
etc.). Currently, 4 projects at this site are noteworthy: the "El
Dollar" mine, the "Los Angeles" mine, the tailings dump, and the 100
ton per day flotation mill. All sites below have good road access.
The `El Dollar Mine'
The mine reaches a depth of 30 metres on 3 levels. Exploration and ore
recovery continues on each level. Each shaft is north facing, running
approximately 100-150 metres in length. Extraction of ore has occurred
at the primary vein which continues to show extension and continuence.
The ore stockpiled to date (over 400 tons) shows values ranging from
15-20 gms gold/ton to over 1 kg/silver. Preliminary work on southward
expansion has shown very positive results. Samples are grading as high
as 10 gms/ton gold and 250 gms/ton silver. Upon the commencement of cash
flow, the workforce at this site will be a minimum of ten men mining at
least 35 tons/day of ore.
The `Los Angeles Mine'
The Los Angeles mine is on one level running a distance of 200 metres.
It is closed after 20 metres by a rockfall. Forefront Ventures is in the
process of rehabilitating the mine workings and clearing the rockfall.
The last work being done here was over 100 years ago. Preliminary
samples taken from the ore cleared at the cave-in are running 4 gms/ton
gold and 30 gms/ton silver. Approximately 200 tons are now stockpiled.
Our geologist considers the potential of these workings to be extremely
positive.
The Tailings Dump
20,000 tons grading 3.5gms/ton gold and 300 gms/ton silver. Testing has
shown the ore can either be milled or leached.
-Page 1-
The Mill
The first stage of Forefront's mill is now complete. Start-up testing
is to begin September 22nd,97. Initial metallurgical results using a
6-cell flotation type system has shown over 90% recovery of gold and
silver. Water is accessed from the nearby river. Once the final report
is received (expected date: September 22nd, 1997) acquisition and
installation should take no longer than 7 weeks.
Interm negotiations are being held with a company in Juarez, Mexico that
owns a transportable 20 ton per day flotation mill. If acquired
production could begin within 3 weeks, netting Forefront a minimum of
$1000 U.S. per day.
The main focus of Forefront at this time is towards commencement of cash
flow. The company's representative is to return to Chihuahua, Mexico on
October 5, 1997 to hasten these developments.
Investor Relations: 1-888-603-1133
ON BEHALF OF THE BOARD
"Pushpa Sharan"
____________________________________________
Mrs Pushpa Sharan, President & Director
The Vancouver Stock Exchange has neither approved nor disapproved the
information contained herein.
-Page |
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| To: Supervalue who wrote (148) | 11/6/1997 12:29:00 PM | | From: bc | | | |
To anyone:
Has anyone talked to the company recently and if so could you please update us on activities. I have a call in and also am awaiting an investor's package. Much appreciated.
Regards,
Bonnie |
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| To: bc who wrote (149) | 11/26/1997 10:22:00 AM | | From: bc | | | |
To all:
I spoke to the company recently and was informed that they are doing a private placement themselves for $75,000.00 to be used to initiate the mine. In today's market it should generate over a million the first year and the mill is expected to commence in December. The terms are .15 per share with an attached warrant with a .17 share exercise value in the second year. The purchased shares have a one year hold period.
I hope this one will take wind next year.
Regards,
Bonnie |
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| To: bc who wrote (150) | 2/19/1998 7:09:00 PM | | From: Rick W. | | | | |
This company appears to have died along with its former Pres. it seems. (no disrespect intended). Has there been any contact with anyone at the Company in the past few months??Is there a new email /web site, 1-800 # ?? |
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| To: Rick W. who wrote (151) | 2/21/1998 10:48:00 PM | | From: bc | | | |
Hi Rick:
There was a news release on Feb. 2nd. It was as follows:
Ore Concentrate At Smelter
Forefront Ventures is pleased to announce that its concentrate is now at the government smelter (Metmex Penoles) in Torrean, Coahuila. Delays due to unusually cold, snowy weather at the mill in Chihuahua, Mexico as well as sponsorship and registration requirements at the smelter have been overcome. Monies received from the smelter will be used to complete the last stage of Forefront's own floatation mill. To date three proposals have been received all of which are within Forefront's means to complete. A decision on contractors will be made soon. Construction should begin in mid-February.
ON BEHALF OF THE BOARD OF DIRECTORS
"JEAN BEASANT"
You can send an E Mail to the following address:
bjsharan@planeteer.com
Please post an update if you get any further information.
Much appreciated.
Regards,
Bonnie |
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| To: bc who wrote (152) | 2/26/1998 5:44:00 PM | | From: bc | | | |
To All:
Another news release that appears positive:
Feb: 26,1998
REVENUE RECEIVED FROM MEXICAN MINE
Forefront Ventures is pleased to announce receipt of its first revenue from Mexican operations. These monies will enable completion of its mill under construction. The last two major pieces of machinery needed: a six cell floatation bank and a one hundred and fifty kilo watt power plant are under contract waiting payment. Payment will be made this week. All minor machinery (motors, pumps, pipes...etc) is available on budget. Progress is now accelerating to the anticipated date of full production, March 31st, 1998.
ON BEHALF OF THE BOARD OF DIRECTORS
"Pushpa Sharan" |
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| To: Clifford Burrows who wrote () | 10/26/1998 12:52:00 AM | | From: Richard C. K. Burdekin | | | |
Clifford:
According to the company's quarterly report for the period ending June 30, 1998, "June saw the startup of the operation. While the major components worked well, major problems with the electrical system stopped production after only 3 hours. The starter for the ball mill needed to be replaced and was; operations were to recommence in early July, 1998."
The quarterly report was dated September 28, 1998. As to whether gold mining operations really recommenced in July, I'm afraid your guess is as good as mine. Forefront's unwillingness to provide information is discouraging, to say the least.
Anyway, hope the above is of some help.
-- Richard |
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