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MacSusan
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Here's a stock that might be worth a look and watch. It's a gold exploration play that had news on Friday and gapped up on huge volume (also hit resistance). In the news release they have stated that they expect furthar results before/by the end of this week.

S.

Lateegra Resources Corp.: 27.8 feet of 2.357 oz/ton Gold Intersected at Clone Property

Canadian Corporate News via COMTEX

Oct 3, 2003 8:48:02 AM

VANCOUVER, BRITISH COLUMBIA, Oct 3, 2003 (CCNMatthews via COMTEX) --

Lateegra Resources Corp. (LEG - TSX Venture) is pleased to announce initial drilling and exploration results from a recently completed program at the Clone gold property, located southeast of Stewart, British Columbia. The company is encouraged by results to date.

Gold values from diamond drill hole #CL-03-2 are as follows:

-----------------------------------------------------
From (feet) To (feet) Interval (feet) Gold (oz/ton)
-----------------------------------------------------
14.8 19.4 4.6 0.540
-----------------------------------------------------
19.4 23.6 4.2 1.422
-----------------------------------------------------
23.6 29.2 5.6 0.601
-----------------------------------------------------
29.2 31.8 2.6 6.131
-----------------------------------------------------
31.8 33.5 1.7 3.202
-----------------------------------------------------
33.5 38.0 4.5 6.950
-----------------------------------------------------
38.0 42.6 4.6 0.173
-----------------------------------------------------

14.8 42.6 27.8 2.357
-----------------------------------------------------

Altogether, 8 holes were drilled during the 2003 exploration program. DDH#CL-03-02 is the only hole to be fully logged, split and assayed. It is expected that all remaining drill holes from the Clone property will be sent for assaying within one week.

On June 18, 2003, Lateegra Resources Corp. announced that it had optioned a 50% interest in the Clone property from Teuton Resources Corp. and Minvita Enterprises Ltd. As part of its property due diligence, Lateegra requested that the first two holes of the 2003 program be positioned in an attempt to confirm historical results from two of the 140 holes drilled on the property during the period from 1995-97. DDH#CL-03-02 was sited close to the collar of, and with the same dip and attitude as, DDH#110 (drilled in 1996) which returned 32.9 feet grading 1.28 oz/ton gold. The remaining 6 holes of the 2003 program tested 3 separate targets on the Clone property.

Pioneer Laboratories of Richmond, British Columbia, an accredited facility, performed all of the analyses. Alex Walus, P. Geol., is responsible for the 2003 field program and is a qualified person as defined by National Instrument 43-101. Mr. Walus has 15 years experience exploring the Stewart region.

RESULTS FROM 7 HOLES AWAITED AT DEL NORTE

Seven holes have been completed from two pads separated by 750 feet on the Del Norte property. All seven holes intersected the LG vein at various depths, with the deepest intersection occurring in DDH#DN-03-07 at 472 feet. Core samples from all seven holes are presently undergoing analysis and results are expected before the end of the next week.

Drilling is continuing on a third pad situated south of the first two pads, in the direction of the Kosciuszko zone. Grids for geophysical surveys have been laid out in both the LG and Horatio zone. In addition, geophysical equipment has arrived on site. After completion of these surveys the drill will be moved to test targets in the Horatio zone, where sampling has shown massive sulfide mineralization carrying values up to 36.43 oz/ton Ag and 3.457 oz/ton Au.

ON BEHALF OF THE BOARD OF DIRECTORS LATEEGRA RESOURCES CORP.

Michael Townsend, President

Lateegra Resources Corp. David Derby Corporate Secretary Toll Free: 1-866-669-9377 or (604) 669-9330 (604) 669-9335 (FAX) Email: dderby@lateegra.com Website: www.lateegra.com

NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.


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trayder
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this is quite the play...i have been in and out a few times, but now it is time to stay in and see how high it will go. you do not sound like a novice by the way...


Posts: 6 | From: canada | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
trayder
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if you are not in on this one,...get in now, before it is too late.
Posts: 6 | From: canada | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
   

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