Asiabasemetals Inc V.ABZ

Metals & Mining Industrial Metals & Minerals

AsiaBaseMetals Inc. is a growth company focused on the exploration and development of metals, including precious metals such as gold and silver, base metals such as zinc and copper, and alkali metals such as cobalt and lithium. The Company has a 100% owned project in northeastern British Columbia, Canada - the 1,996-hectare Gnome zinc/cobalt project in the prolific geological district known as the Kechika Trough, a district hosting several zinc deposits. The Gnome project lies 70 km SE from the Cirque Zn-PbAg deposit and 46 km SE along the trend of the Akie Zn-Pb-Ag deposit, all of which are in the Kechika trough, a geological belt northeast of Williston Lake containing these and other the sediment hosted Zn-Pb-Ag prospects along trend. The Company has an option agreement to acquire properties, such as Paisano Gold, Cedar River, Robbins Lake and Moosetrack Lake. It is also reviewing additional advanced projects for acquisition.

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Asiabasemetals Inc

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Post by MRBIGon Aug 15, 2007 9:08am

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Post# 13247243

Diavik Royalty

Iamgold just reported that it's royalty from Diavik was up 43 % compared to the same quarter last year. 2nd quarter 2006 = $ 1.4 million 2nd quarter 2007 = $ 2.0 million I am sure this piece of good news will be met with more selling however as this stock continues to drop whether the market is up or down.

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