posted September 30, 2004 13:34            

12.8, 8.3 and 4.5 carat diamonds in 196 carat parcel
Stock Symbol: SGF: TSX-VEN
SASKATOON, SK, Sept. 30 /CNW/ - George H. Read, P. Geo., Senior Vice President Exploration, is pleased to announce the seventh set of diamond recoveries from the Star Kimberlite. The diamond recoveries to date total 1,589.7 carats from 13,129 dry tonnes processed. These results are for four kimberlite batches of a total of some 80 to 100 kimberlite batches that will be processed as part of the bulk sampling program on the Star Diamond Project, the aim of which is to recover a parcel of some 3,000 carats for valuation purposes. A total of 1,297 commercial sized diamonds (greater than 1.18 millimetre square mesh screen), collectively weighing 194.65 carats, has been recovered from the treatment of 1005.56 dry tonnes of kimberlite. Thirty-three diamonds greater than one carat have been recovered and the four largest stones are: 12.84, 8.33, 4.05 and 2.91 carats, respectively. In addition, 152 diamonds (1.82 carats) were recovered down to 0.85 millimetre square mesh. The colour of 73 percent of these diamonds has been classified as white, with a further 15 percent classified as off-white.
These four kimberlite batches (of a total of 37 processed) have been mined from the Southeast drive (Batches 26, 27 and 28) and the North drive (Batch 29) developed from the 235 metre shaft station. All of these kimberlite batches have been recovered from within the Early Joli Fou equivalent kimberlite. Results to date have shown that higher diamond grades are associated with the Early Joli Fou equivalent kimberlite than with the Late Joli Fou equivalent kimberlite. The relationships between these two kimberlite types are illustrated in cross sections available on the Shore Gold website: www.shoregold.com.

Batches 30, 31, 32, 33, 34, 35A, 35B, 36 and 12A (all from 235 metre level) have been processed on-site and the concentrates dispatched to the sorting laboratory for final diamond recovery. Results from these batches are pending. A total of 14,974 dry tonnes has been processed through the on-site DMS plant. All batches processed to date are classified as crater facies volcaniclastic kimberlites.

Kimberlite processed and diamond results for four sample batches are listed in the table below. Grades are expressed in carats per hundred tonnes (cpht).

-------------------------------------------------------------------------
Diamonds Largest
Batch Location Dry Number of Total Grade Stone
No. (metres below surface) Tonnes Stones (carats) (cpht) (carats)
-------------------------------------------------------------------------
26 235 m Level: SE drive 184.04 319 60.82 33.05 12.84
-------------------------------------------------------------------------
27 235 m Level: SE drive 292.38 330 41.52 14.20 2.86
-------------------------------------------------------------------------
28 235 m Level: SE drive 297.51 493 60.21 20.24 2.91
-------------------------------------------------------------------------
29 235 m Level: N drive 231.63 307 34.31 14.81 2.63
-------------------------------------------------------------------------
Total 1,005.56 1,449 196.86 19.58
-------------------------------------------------------------------------

The four largest stones are: 12.84 (Batch 26, Off White), 8.33 (Batch 26,
Grey), 4.05 (Batch 26, White) and 2.91 (Batch 28, Off White) carats,
respectively. Ten diamonds exceed two carats and 33 diamonds exceed one carat,
of which 17 are white, 9 are off-white, 6 are grey and 1 is yellow. A total of
66 diamonds exceed 0.5 carat. Seventy-three percent of the total diamond
parcel is classified white in colour, with a further 15 percent classified as
off-white. The diamond parcel includes 3 pink, 6 yellow and 4 amber stones.
Kimberlite Batch No. 28 has produced the largest pink diamond recovered to
date (0.72 carats). Ninety-nine percent of the carat weight of this parcel
occurs in diamonds greater than 1.18 millimetre square mesh.
Senior Vice President Exploration, George Read, states: "We have now
explored the 235 metre level with over 800 metres of underground lateral
development and we are rapidly approaching our bulk sample target of 25,000
tonnes of kimberlite. The results of this news release continue to show that
large diamonds are found throughout the underground development, particularly
in the Early Joli Fou equivalent kimberlite. Results to date show that the
overall average grade for the Early Joli Fou kimberlite has increased to
16.27 cpht (1,395 carats recovered from 8,576 tonnes)".
The diamond recovery procedure includes on site processing of kimberlite
through the modular dense media separator (DMS), after which DMS concentrates
are batch fed through an X-ray Flow-sort. In order to ensure the recovery of
low luminosity diamonds, the Flow-sort tailings are processed over a grease
table. Flow-sort and grease table concentrates are transported by a secure
carrier to SGS Lakefield Research for final diamond recovery. The SGS
Lakefield Research process includes drying, screening, magnetic separation,
manual sorting and diamond weighing and description. SGS Lakefield Research is
accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as
a testing laboratory for specific tests.
Senior Vice President Exploration, George Read, Professional Geoscientist
in the Provinces of Saskatchewan and British Columbia, is the Qualified Person
responsible for the verification and quality assurance of analytical results.
The Star Diamond Project is designed to recover a parcel of at least
3,000 carats of diamonds to enable an accurate valuation of the stones. Up to
25,000 tonnes of kimberlite will be recovered from the shaft and drifts and
processed on site to produce this diamond parcel. Shore is a Canadian based
corporation engaged in the acquisition, exploration and development of mineral
properties. Shares of the Company trade on the TSX Venture Exchange under the
trading symbol "SGF".

"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release"

posted September 30, 2004 14:09            

I only have Yahoo open at work.
Thanks for the insight.

JEAL

posted September 30, 2004 14:16            

quote:

---

Notice towards the bottom, they speak of the process for the sampling of kimberlite using, "The diamond recovery procedure includes on site processing of kimberlite
through the modular dense media separator (DMS), after which DMS concentrates
are batch fed through an X-ray Flow-sort. In order to ensure the recovery of
low luminosity diamonds......"

---

posted September 30, 2004 14:27            

quote:

---

Originally posted by thinkmoney:
Nothing personal glassman but I owm cmkx and want them to post. What I dont like most is Wallace's bashing of folks not just cmkx.

What I dont get is your attitde towards this stock. Why this one? Most folks pump the stocks they own. Nature of the game. I will agree ...if this is a scam then we should save the newbies. But as allstocks says 90% are probably scams in pennyland. I learned the hard way. When you make money, get out...

Why didnt you get on the reality and others with all the pumping on qbid?

---

the QBID thing worked because they (QBID) weren't (IMO) dumping shares into the market.....i could be wrong, but interest just died off---if interest picks up again on QBID the PPS will go back up....

you guys know i'm not a basher. i just offered my opinionsabout what is going on here.....
the float here has been increasing since the beginning of the year....steadily....
the charts say so....
why does everybody ignore them????
because somebody insisted that there was a huge Naked Short. so huge that the perps would go bankrupt ....

where is NS squeeze???
was this a controlled rumor or just misjudgement?? do you think this NSS issue was malicious or was it just bad judgement and rumors??????

Wallace should watch his blood pressure IMO....

ask MOO and HI-way...i told them long ago this was going on. the question now is what is being done with the money raised....
is it being used to increase share value or is being used to start the next pump-n-dump?

posted September 30, 2004 15:12            

Seems qbid may get the interest but IMO it was a PUMP awhile back. I dont know whether qbid or cmkx are scams but both have not produced anything to investors YET.

posted September 30, 2004 15:23            

quote:

---

Originally posted by thinkmoney:
I actually find credibility - some intelligence - to your responses -
I just dont get why you singled cmkx as the "bash"?

Seems qbid may get the interest but IMO it was a PUMP awhile back. I dont know whether qbid or cmkx are scams but both have not produced anything to investors YET.

What is your take on cmkx loaning cyxg 2.5 M?

---

posted September 30, 2004 17:36            

quote:

---

Originally posted by thinkmoney:
I actually find credibility - some intelligence - to your responses -
I just dont get why you singled cmkx as the "bash"?

Seems qbid may get the interest but IMO it was a PUMP awhile back. I dont know whether qbid or cmkx are scams but both have not produced anything to investors YET.

What is your take on cmkx loaning cyxg 2.5 M?

---

mutiple answer question...LOL

a) don't treat people with VALID points rudely....somebody told me i was dumb and wrong...guaranteed to get a war started.i enjoy debating, esp. when i'm correct.

b)pennies is a big poker game, don't deal from the bottom of the deck.

c)don't ABuse religion. i agree with Wallace on this one. it's wrong to take advantage of people's FAITH in money and politics..just my opinion.....

e)this has had the STRONG smell of $$pump on it.......there are pennies that are actually worth this strong of an effort that don't get the time of day....wonder why??????

posted September 30, 2004 18:00            

quote:

---

Originally posted by Upside:
Damn, that Melvin is a genius!

---

posted September 30, 2004 19:26            

quote:

---

Originally posted by Upside:
Nope, why sell?

---

posted September 30, 2004 19:38            

"What'd you do if you don't get UCAD divy next week or if its pushed back again? Would you sell?"

posted September 30, 2004 19:51            

quote:

---

Originally posted by TruthTeller:
Question for CMKX longs:

What'd you do if you don't get UCAD divy next week or if its pushed back again? Would you sell?

---

posted September 30, 2004 20:15            

quote:

---

Originally posted by will:
Melvin in one of his paltalk visits said the only office he knew of was in Urban's home.
That's what did it for Tamie:

Tamie
Member posted September 01, 2004 10:12

"well I hate to say it but with all this uncertainty circling this stock I do not feel secure holding any stocks in it. I am going to sell what I am holding today. As a business owner there are things you do and dont do and to me a corporate headquarters being casavants home is a definite no no. IMO. Just seems to me that we are financing his extra curricular activity at this point. If things were to change and they were to become fully reporting it would be different. but at this point they have no one to answer to."

---

[This message has been edited by will (edited September 30, 2004).]

posted September 30, 2004 20:34            

quote:

---

Originally posted by glassman:

the price tanked because;
there was no NSS
the AS was raised to 800 mmmmmbillion

not because anybody bashed it...LOL

---

posted September 30, 2004 20:36            

quote:

---

Originally posted by DIGDOUGH:
Does anybody know how or if the 200,000,000 shares of sggm are going to be distributed?

---

posted September 30, 2004 20:47            

a) don't treat people with VALID points rudely....somebody told me i was dumb and wrong...guaranteed to get a war started.i enjoy debating, esp. when i'm correct.

b)pennies is a big poker game, don't deal from the bottom of the deck.

c)don't ABuse religion. i agree with Wallace on this one. it's wrong to take advantage of people's FAITH in money and politics..just my opinion.....

e)this has had the STRONG smell of $$pump on it.......there are pennies that are actually worth this strong of an effort that don't get the time of day....wonder why??????
-------------------------------------------

My sentiments exactly!

By the way, my blood pressure is fine. Always has been.

I did review CYXG. There is nothing to recommend pouring $2 mil into it by CMKX if that is where the money came from. Just the opposite...put it into drilling and drilling equipment. Look at the 10QSB.

posted September 30, 2004 21:05            

quote:

---

Originally posted by will:
Here let me give you an example of denial. Look at this post. Tamie clearly left because of Melvin saying CMKX's offices were in Urban's home. She clearly says that in her own unedited text. Yet since seeing this, one long commented, "the proverbial straw", another ignored it, and said the reason Tamie left was Wallace's constant bashing.
There you go, even when faced with a simple fact, in black and white, text, typed from her own little fingers, they DENY it, and blame it on Wallace. I guess her comment makes Melvin a basher now.

[This message has been edited by will (edited September 30, 2004).]

[This message has been edited by will (edited September 30, 2004).]

---

Will,

This is the post that you use to verify your reasons for not being long on CMKX? This is your quote to show us all how stupid we are? I, for one, don't know Tamie...never knew her...don't even know if she's for real. For that fact, you don't know if I'm for real. Kind of funny, huh? We all make these bold predictions of wealth and doom, yet nobody knows if we have the goods or not.

I'm not going to let pathetic DD like this determine my stand on a company. I'm not got to rely on pumping theories, either. I didn't buy into this stock because I thought it was naked shorted to death. I'll bet that 95% of the stockholders bought because there is a good chance that there are diamonds/minerals that will show some value.

The core sample results will dictate to me whether I hold or sell. I've quit reading this thread on a regular basis because there is very little discussion of diamonds.

DIAMONDS, that's the whole reason this may or may not be a good investment. Anything else discussed, short of share structure, is trivial. Whether you are in it for the long haul or to make a quick buck, it's the core sample results that will make or break this thing.

I believe that we've found something very big along the lines of minerals. There's nothing else that would explain the silence. If the diamond/mineral find is as good as I'd hope, there would be no way I would release those results without cleaning house and getting this company reporting and ready for institutional investing.

Why would they want to announce that at this time?

posted September 30, 2004 21:17            

O/S, share structure
Sample Reports
Progress of becoming a reporting company.

My couple of previous posts were answering a question if longs would sell if the dividend wasn't paid on 10/6, and to show even simple facts are denied by some. What little I have (1.5M), yes I will hold to make money on them. This company is terribly mismanaged. I never said you were stupid for holding, I just pointed out how easily some folks here deny facts, and replace them with hopes, dreams, and impossible theories. If you're stupid, I'm stupid, because I own this POS too.

quote:

---

Originally posted by WorkAHolic:
Will,

This is the post that you use to verify your reasons for not being long on CMKX? This is your quote to show us all how stupid we are? I, for one, don't know Tamie...never knew her...don't even know if she's for real. For that fact, you don't know if I'm for real. Kind of funny, huh? We all make these bold predictions of wealth and doom, yet nobody knows if we have the goods or not.

I'm not going to let pathetic DD like this determine my stand on a company. I'm not got to rely on pumping theories, either. I didn't buy into this stock because I thought it was naked shorted to death. I'll bet that 95% of the stockholders bought because there is a good chance that there are diamonds/minerals that will show some value.

The core sample results will dictate to me whether I hold or sell. I've quit reading this thread on a regular basis because there is very little discussion of diamonds.

DIAMONDS, that's the whole reason this may or may not be a good investment. Anything else discussed, short of share structure, is trivial. Whether you are in it for the long haul or to make a quick buck, it's the core sample results that will make or break this thing.

I believe that we've found something very big along the lines of minerals. There's nothing else that would explain the silence. If the diamond/mineral find is as good as I'd hope, there would be no way I would release those results without cleaning house and getting this company reporting and ready for institutional investing.

Why would they want to announce that at this time?

---

posted September 30, 2004 21:26            

Nothing else to explain the silence?
How bout if they found nothing?
Would they be so ready to announce that fact, or be silent?

posted September 30, 2004 22:24            

I hope they did find a sh|t load of diamonds. I hope they become reporting, but just how long does that process take? "

Your point would carry weight if there was not a lot of activity and discoveries in the area. There are millions of dollars being invested in the immediate area and the results of sampling have been bordering on amazing. This area is not a long shot. Just the amount of anomolies discovered throught the aerial survey points to an almost certainty of mineable resources.

I'll admit that taking a shot in the dark or even on some decent geology is a long shot and very risky at best. However, in this area, it appears to be like shooting fish out of a barrel...(ok, maybe not that sure of a thing), but you get the idea.

IMO, we have a better chance of finding something valuable than not finding anything. However, only time will tell. If the core samples were bad, these guys could have dumped and run. That's not happening here.

They are digging in.

I don't think anyone can question that. Just because we don't have concrete answers doesn't mean the answers are not what we want. On the contrary, it appears the answers will be good news.

posted September 30, 2004 22:35            

I went back and checked the PRs on SGGM. There was no mention that those 200 billion shares would be distributed as a dividend.

posted September 30, 2004 22:55            

quote:

---

Originally posted by Wallace#1:
Will,

I went back and checked the PRs on SGGM. There was no mention that those 200 billion shares would be distributed as a dividend.

However, I do seem to remember something to the effect that UC stated all shares of other companies acquired through deals would be distributed. Could be wrong though on this.

---

posted September 30, 2004 23:04            

quote:

---

Did I read someone figured they're getting $9 dividend of GEMM for every million shares of CMKX?

---

posted September 30, 2004 23:05            

quote:

---

Originally posted by Upside:
originally posted by Will:
Yeah, that was me and that's based on CMKX only having 400 billion outstanding and a .035 price for GEMM which is at .031 today.

---

posted September 30, 2004 23:17            

quote:

---

Originally posted by Upside:
Nope, You can trade it immediately.

---

posted October 01, 2004 02:49            

How To Go Public Without Cost

By William Cate

How Can You Become a Public Company Without Cost?

The 1934 Securities Act states that any private company with over 500
public shareholders is a public (reporting) company. In his book, Going
Public, Frederick Lipman, an experienced securities attorney, observes
that any public company may sponsor a private company by distributing
free stock of the private company to their shareholders. The industry
refers to a private company that goes public using this stock
distribution strategy as a Spinoff.

Why Will Public Companies Sponsor Spinoffs?

The public company sponsor usually gets 10% of the private company's
stock. The public company distributes half this stock (5%) to their
shareholders. By regularly paying their shareholders Spinoff stock
dividends, the public company keeps their shareholders. The public
company retains 5% of the private company's stock as a corporate asset.
This stock enhances the net worth of the public company. The public
company sponsor normally pays the cost of distributing the private
company's stock to their shareholders. This makes going public a cost
free service for the private company.

Why Should Any Private Company Go Public?

* Doing private placements is easier for a public company. Your company
can more easily convert your stock to cash.

* A public company can use its stock to buy corporate assets. By buying
cash-producing assets for your company's stock, you increase your
company's cashflow, without spending your company's money.

* When it comes time to sell your public company, the sale price will be
your company's share price multiplied by the number of issued shares.
The share sale price is usually greater than a sale price based on your
company's balance sheet.

* Business groups buying recently privatized Foreign Government
industries gain substantial insurance against a future Government
nationalization by becoming a U.S.Public Company.

How Does a Spinoff Compare With an Initial Public Offering (IPO)?

For an operating company, the average cost of doing an IPO is around
$750,000. It takes 18 months. Over half the private companies that
decide to go public with an IPO abandon the process before they become a
public company.

In a Spinoff, the public company sponsor pays your costs. It takes about
four months for your private company to become publicly trading.

If you do an IPO, you're not required to distribute any free stock to
the public. However, most IPO underwriters price the IPO stock at 15%
below the net worth of the company. This effectively gives the public
shareholders 15% of the private company free.

Where Do Spinoffs Trade?

A Spinoff is a public company. It will trade over-the-counter (OTC), if
it doesn't qualify to trade on a stock exchange. The public companies
that regularly sponsor Spinoffs, usually arrange to have the new public
company trade on the NASD Automatic Bulletin Board.

Why Shouldn't a Private Company Do a Spinoff?

* It's rarely cost effective to arrange a PUBLIC financing for a U. S.
Public Company. Unless you can arrange a private placement, you must be
certain that your broker or consultant has the contacts to fund your
Spinoff.

* The sponsoring company usually wants a seat on your Board of
Directors. As Mr. Lipman comments, the sponsor can be legally liable for
the misdeeds of the Spinoff.

* It's nearly impossible to find a Spinoff sponsor for a concept-
company. The potential of legal liability ensures that sponsors want
quality operating private companies for this process.

* A public company has a responsibility to its shareholders. As a matter
of corporate self-interest, the public company must insure a strong
share price. This responsibility adds ongoing costs to any company's
operation. Whether your public company trades OTC or on the NYSE,
investor relations will be part of your annual expenditures.

Why Aren't Spinoffs Popular?

* Every industry wants to sell products that make their members the most
money. The Spinoff saves you money. But, securities attorneys lose
income. U. S. brokerage firms make less money doing Private Placement
than public offerings. Financial printers lose money, etc. It isn't in
the Industries best interest to mention a Spinoff to the CFO of a
private company.

* Most OTC company insiders want to dump their stock quickly. The stock
in a Spinoff is restricted stock (subject to SEC Rule 144). Since
insiders can get free trading stock by buying a Trading Shell, they
avoid Spinoffs.

* Few public companies will sponsor Spinoffs because of the legal
liability problem.

Spinoffs work, but they may not work for your company. Discuss this
business strategy with your attorney & accountant. Seek an opinion from
a business consultant or stock broker familiar with Spinoffs. Knowing
that Spinoffs exist means you have half your answer about using a
Spinoff.
==========
Mr Cate (e-mail: money@southcoast.net) has been a business and equity
finance consultant for various public & private companies and individual
investors since '81, edits & publishes Investor Alert, and offers the
Equity Financing Workshop for private companies seeking to go public.

-----
Brought to you by - The 'Lectric Law Library
The Net's Finest Legal Resource For Legal Pros & Laypeople Alike. http://www.lectlaw.com

posted October 01, 2004 11:04            

quote:

---

Originally posted by TruthTeller:
Question for CMKX longs:

What'd you do if you don't get UCAD divy next week or if its pushed back again? Would you sell?

---

Didn't even see the question, but since you pointed it out...

I'd probably not sell. I don't have a lot of cash invested. My pps is about .00015, so if it tanks back to .0001 I'm out about a grand. Would I be concerned? Absolutely. I've been through something similar with GMDP.

What I think is going on with CMKX is management spending way too much time wheeling and dealing and way too little effort looking for diamonds. I think eventually CMKX will be reverse merged with some other company (which will turn out to be an effective reverse split) and the process will continue. The only thing is can some of us "little guys" manage to make some money on all this. Some will but most of us won't because we believe in "the dream" of getting fantastically rich on this and will get caught when the stock "resets".

Sorry to be a cynic. And I'm not bashing, just stating what I think is going on. For what it's worth I plan on holding for the dream (yeah, I'm probably being foolish on this). But just like the lottery, you know deep down your probably going to loose but you get a lot of pleasure know you at least have a chance to get filthy rich and it's fun to imagine the "what ifs".

------------------
~,-,-< GatorMan

[edited to correct spelling mistakes]

posted October 01, 2004 11:09            

quote:

---

Originally posted by TruthTeller:
Question for CMKX longs:

What'd you do if you don't get UCAD divy next week or if its pushed back again? Would you sell?

---

posted October 01, 2004 11:27            

quote:

---

Originally posted by tradingpennys:
STOCK IS TANKING AGAIN.
Shares are being dumped like mad today!
9,999,900 blocks.

---

posted October 01, 2004 11:42            

quote:

---

Originally posted by tradingpennys:
STOCK IS TANKING AGAIN.
Shares are being dumped like mad today!
9,999,900 blocks.

---