Amilot Capital Inc V.ACI.H

Alternate Symbol(s): FMXVF

Metals & Mining Gold

Amilot Capital Inc. is a Canada-based gold exploration and development company with contractual interests in gold properties in Colombia, South America. Its mineral properties are the Ancal/Marmato Project, located in the Marmato/Caramanta district in the Caldas and Antioquia Departments of Colombia, and the Nortol project, including the Papayo property, located in the northern part of the Tolima Department of Colombia. The Ancal property holds 32 mining concessions, exploitation licenses and applications for mining concessions, covering a total area of over 21,382 hectares (ha). The Nortol property holds 29 mining concessions and applications for mining concessions, covering a total area of over 39,546 ha. The Nortol property is an emerging new gold belt with high grade veins and limited historic exploration. The Papayo property includes existing underground mining works known as the El Papayo mine, comprised of over 400 meters of galleries over an area of around 15,000 square meters.

TSXV:ACI.H - Post by User

Amilot Capital Inc

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Comment by bob2001on May 31, 2001 11:04pm

284 Views

Post# 3814997

RE: NEWSBUT WHAT DOES IT MEAN

It means they will have a shop 137 feet by 137 feet on top of the production facility that they already have. Operational by 2002. For less than one million dollars US. They still have a lot of money left. That is a commitment to the future. A sign that they expect more sales. Very good news if they can show a profit and sales for Q4 and Q1 of next year. I see no reason to sell my shares at $0.45 can yet.

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