Casavant Mining Kimberlite International (Pink Sheets:CMKM) announces it has successfully obtained additional funding of $1.8 million with a pledge of another $3.2 million upon completion of a feasibility study and core sampling results.
The additional resources gives the Company the opportunity to move operations forward at Fort a la Corne and also at its Green Lake mineral claims. The Board of Directors has approved a simultaneous drill program at both projects, now that sufficient funding is in place. Our initial surface sampling work, completed at Green Lake, have produced results consistent with diamondiferous kimberlite bodies in proximity to the Company mineral claims located there. The diamond core sampling at Fort a la Corne will be accomplished in-house using the Company drilling equipment. An independent contractor will be awarded a contract at Green Lake to assist in an aggressive drill program.
The diamond core sampling will be used to establish geological and structural context of the priority targets already chosen with the objective of preliminary assessment for commercial operations.
There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company.
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I'm in as of this morning. Did not see your post until just now, but I had already started another thread. just thought I would let you know. LETS GO CMKM
Posts: 165 | From: EDINBURG, TEXAS USA | Registered: Feb 2004
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SLIM May I suggest that you run a "search on CMKM". Read aALL the posts since November 2003. Be sure to allow a little time for reading. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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THANKS FOR THE CONCERN AND ADVICE, THERE IS NO DOUBT I AM STILL LEARNING. I JUST SAW WHAT I THOUGHT WAS A CHANCE TO MAKE A LITTLE MONEY AND POSTED IT IN CASE ANYONE WAS INTERESTED. I AM BY NO MEANS PUTTING ALL MY EGGS INTO THIS UNPREDICTABLE BASKET. I HAD DONE SOME SERIUS DD AND STILL THINK THIS ONE IS WORTH AT LEAST A LOOK. ONCE AGAIN THANKS FOR LOOKING OUT FOR ME AND I WILL BE DIGGING DEEPER TO FIND OUT MORE ON CMKM. I JUST DON'T KNOW WHETHER OR NOT TO POST IT OR ASSUME YOU GUYS ALREADY KNOW
SLIM
Posts: 165 | From: EDINBURG, TEXAS USA | Registered: Feb 2004
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SLIM When a new post on this company hits the board. Several Oldtimers usually respond in a similar way. Many new people seem to arrive and not realize the whole story. I was fortunate to be able to get out of 2/3 of my position at a $200 profit. Still held onto 3m. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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What do you think? cmkm does a name change with a 100-1 split. .0002=.02, price correction .02 drops to .005, then cim merges with mrdr @ .004 and then if they are going to drill they will.
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Posts: 56 | From: fort worth, texas, u.s.a. | Registered: Feb 2004
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[This message has been edited by clay1999 (edited February 21, 2004).]
HEY CLAY SINCE CMKM HAS BEEN TALKING ABOUT DRILLING WWW.SHOREGOLD.COM ACTUALLY HAS DRILLED AND IS NOW BULK SAMPLING, FULL DISCLOSURE I OWN THIS STOCK AND MANY OTHER CANADIAN EXPLORATION STOCKS. BE CAREFULL Roy
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