RE: Back to basicsRegeo,
Congratulations, you got your own alias correct. Well done. I believe, I asked you before what's wrong with Stewart Jackson? I was under the impression that Stewart Jackson is more than adequately qualified, especially when it comes to projects where a billion pounds or more of mineral are involved. Have you never heard of Red Dog Mine? Some of his earlier biographies credit him with not only the find of "Red Dog", but the development as well. What better person could you ask for. I'm thinking that as this is his 2nd go round with this company, and undoubtedly, he also has knowledge of Starfire and the surrounding area he should be more than capable to handle a deal of this magnitude.
Of course, maybe you are basing your assumptions that the company needs a new "qualified individual" after reading articles like the following one. This deal obviously never went through. Still you know what they say, "People can learn from their mistakes"
TORONTO--(BUSINESS WIRE)--March 4, 2003
Iconet Inc. (OTCBB:ICON) is pleased to announce that the Company has signed an agreement for 50% interest on the Hart Ni-Cu-PGE Deposit approximately 25 kilometres south of the City of Timmins.
This acquisition is consistent with Iconet strategy of pursuing high value, nickel/platinum group element properties throughout the Shaw Dome.
The Hart property consists of 10 contiguous unpatented mining claims representing approximately 150 Ha, in Eldorado and Langmuir Townships. Nickel-PGE mineralization has been identified along 600 metres of strike and to a vertical depth of greater than 300 metres. The mineralization appears to extend to surface and is open along strike and down dip and a reinterpretation of the old diamond drill hole data indicates that there may be more than one mineralized system within the property boundaries. The limited amount of past diamond drilling and surface trenching, coupled with the high grade Ni intersections (see following table) makes the Hart deposit one of the most interesting Ni-PGE deposits in the Abitibi Greenstone belt.
Hole ID Ni (%) Core Length (m) Vertical Depth (m)
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NLX-64-1 1.24 1.13 44.20
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NLX-64-5 2.10 4.57 44.20
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NLX-64-7 1.12 2.44 103.63
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PAR-68-1 1.78 1.52 266.70
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PAR-68-1 2.48 0.91 274.32
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PAR-68-4 2.77 2.19
303.28
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PAR-68-6 1.11 2.01 146.30
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SH-02-1 1.255 1.59 54.41
The property will be optioned from Starfire Minerals Inc for a 50% interest for 400,000 shares of Iconet Inc, $102,000 (US) cash payments will be made in a series of instalments at three months Intervals over three years starting with an $8,500.00 (US) payment by September 1,2003. Work commitment of $1.0 million (US) over three years. $75,000.00 to be spent by September 1, 2003.
Iconet intends to begin an extensive exploration program on these properties. Exploration will include the completion of geophysical grids, diamond drilling on the high-priority targets.
Acquisition of the Hart property under this agreement compliments the Company's program in the Langmuir nickel belt. Iconet has previously acquired the Langmuir One and Two properties.
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Before the ignorant of you try to deny that Jackson or Miller were involved with this Iconet company:
Iconet Announces New Board Member
Business Editors
ICONET Inc.(OTCBB:ICON) is pleased to announce the appointment of Mr. Stewart A. Jackson, PhD., to the Board of Directors.
Mr. Jackson is an experienced Geologist with 37 years in the mineral industry. He has been involved in exploration and development of both base and precious metals in a wide range of environments for both large and small companies. He was responsible for the discovery and development of several major mineral discoveries, including the Red Dog multi-billion dollar zinc deposit in north western Alaska for Cominco Resources, Inc. (now Teck-Cominco, and producing 12% of total world zinc production). Mr. Jackson was also involved in the discovery and development of the Borealis, South McCoy and Manhattan gold deposits in Nevada for Houston Oil and Minerals Corp. He then went on to form his own company, Crown Resource Corp., in 1981, with several major gold discoveries currently in production and under development. He has also raised $20 million for the discovery and development of Crown properties and other properties before leaving Crown. Mr. Jackson is now involved in various exploration and development projects, including gold, silver, diamonds, base metals, industrial minerals, and oil and gas, raising over $50 million of risk capital.
Mr. Miller, President of Iconet, Inc. was quoted as saying: "We welcome Mr. Jackson to the Board and believe that he will be an invaluable asset to the Company and for the future growth and development of our mining property."
The Langmuir property, which is 100% owned by Iconet, Inc., consists of 54 contiguous units representing 875 hectares, situated approximately 20 Km southeast of the city of Timmins, in Langmuir Twp., Canada. This property represents an advanced stage exploration project with a calculated resources and underground development. There is currently a work program being contemplated.
Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. Forward-looking statements include terms such as "intend", "believe", "expect" and "anticipate". The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors affecting our proposed products and marketing efforts.
COPYRIGHT 2002 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
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Regeo, this idea of yours citing that Mr Miller needs to find a "qualified individual" to bring a deal together seems premature in my opinion, surely there is a new drill program that has to be overseen first, and lets not forget those pesky met and feasibility studies.
However if I were a betting man, I'd not bet against reading a news release saying just what you have stated. You certainly seem to have a feel for this companies next move. ie More drilling before met and feasibility studies.
S.