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   Gold/Mining/EnergyLeigh Resources


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To: Leigh McBain who wrote (24)11/19/1997 7:12:00 PM
From: Leigh McBain
   of 39
 
Just FYI, there have been 2 releases of late. The first of them was 17-Nov-97, it was simply the announcement of Leonard Petersen as the new CFO and Secretary to the Company, replacing David Raferty. The second of the releases was 18-Nov-97, it was the VSE announcing approval for the previously released (03-Nov-97) acquisitions in Ghana (Brotet, Nkwanta, Esamang and Aiyem concessions).

Salut,
Leigh McBain

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To: Leigh McBain who wrote (25)12/10/1997 7:55:00 PM
From: Leigh McBain
   of 39
 
Late news release:

LEIGH Trading Symbol VSE:LRC
RESOURCE CORPORATION

Suite 1320-1090 West Georgia St., Vancouver, B.C. V6E 3V7


December 10, 1997
PRESS RELEASE

FIELD OPERATIONS COME TO A SUCCESSFUL CONCLUSION
ON SPECIAL PROSPECTING LICENSE 187, SOLOMON ISLANDS

Leigh Resource Corporation announces that it has recently completed a
major surface exploration program on Special Prospecting License 187,
West Guadalcanal Island, Solomon Islands. This program was designed to evaluate the Poha intrusive complex, which dominates the eastern half of the license. This complex is over 12 kilometres in diameter and contains widespread copper and gold mineralization associated with
"porphyry" intrusives.

The recently completed program consisted of 63 kilometres of soil
geochemistry, prospecting and geology. This survey covered the
Tapinanja target, which is the largest and best defined within the
intrusive complex. The results of this program show widespread
hydrothermal alteration associated with disseminated copper
mineralization. Values up to 0.8% copper were returned from the
porphyry intrusive complex. Gold values up to 1.8 g/tonne were
identified in altered intrusive. Semi massive to massive copper
mineralization was discovered in two areas within the Poha intrusive
complex, which returned values up to 7.3% copper and 12.5% copper
respectively. The survey also confirmed the presence of broad areas of anomalous copper in soils and areas of hydrothermal alteration typical of porphyry copper gold systems. An Induced Polarization survey was recently completed over 28 kilometres of the Tapinanja prospect. These results, along with previous results from this program will be compiled in the next several weeks.

Along with this detailed exploration program, the Company evaluated
three other mineralized zones within the Poha intrusive complex. The
Njarava and Bomb Lode targets are located eight kilometres west of the
Tapinanja target on the western edge of the complex. The Redstone Ridge target is located three kilometres south of the Tapinanja grid.
Previous exploration has indicated the presence of copper mineralization associated with diorite intrusive and porphyry-type hydrothermal alteration. Preliminary results from the present exploration program have confirmed this information and clearly established these areas as priority exploration targets.

The Company now intends to compile and analyze the positive results of
this recently completed program on SPL 187. This process will lead to
the planning and implementation of the next phase of exploration on this large porphyry copper gold prospect. The Company is in discussions with several larger mineral exploration and development companies concerning a possible joint venture on the license and intends to pursue these opportunities in the coming weeks. Final results and analysis of the recently completed exploration program will be released when available.

LEIGH RESOURCE CORPORATION


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To: Jeff Chan who wrote ()1/28/1998 7:21:00 PM
From: Leigh McBain
   of 39
 
Drill program being readied for the Solomons! The intention is to further define the resource itself. Once the numbers are in the company will be opening talks for a JV again. They terminated talks previously due to the likelihood that a more advantageous agreement could be made at a later date. The company is fortunate that they have that luxury, the cash in the bank helps significantly.

Salut,
Leigh McBain

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To: Jeff Chan who wrote ()2/3/1998 4:53:00 PM
From: Leigh McBain
   of 39
 
Definite increase in activity here today, 83,000 shares @.38 nice to see shortly after the Conference and just before we should start to see additional fundamental activity, ie the new drill program. Am still waiting to get all the details on that. The properties down in the Solomons have returned such good values thus far, I am looking forward to seeing more drill work and hopefully the expansion of the resource base going into renewed JV talks.

Salut,
Leigh McBain

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To: Leigh McBain who wrote (28)2/3/1998 7:07:00 PM
From: Bobby Yellin
   of 39
 
hopefully all the good juniors will start perking up..check out
gold thread..Warren Buffett has bought a great deal of silver..
or check out silver thread..
this is what a lot of us have been waiting for..a guru giving the
nod to a hard asset..

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To: Jeff Chan who wrote ()2/3/1998 7:58:00 PM
From: Leigh McBain
   of 39
 
News just out:

LEIGH Trading Symbol VSE:LRC
RESOURCE CORPORATION

Suite 1320-1090 West Georgia St., Vancouver, B.C. V6E 3V7

February 2, 1998
NEWS RELEASE

SUMMARY OF ACTIVITIES IN SOLOMON ISLANDS, PLANS FOR 1998

Successful exploration programs were completed on the West Guadalcanal
(SPL 187) project area in 1997. This property is located in the Solomon Islands, 100 kilometres east of the world class epithermal and porphyry copper and gold deposits of Papua New Guinea and 40 kilometres on strike from the recently commissioned Gold Ridge Mine. The geological, geochemical and geophysical surveys continue to enhance the porphyry copper-gold prospect of this well-mineralized property. An aggressive exploration program of trenching and diamond drilling is planned as follow up on anomalous areas of West Guadalcanal.

Further to the news release of December 10, 1997, survey results have
been compiled on the West Guadalcanal property and the Company has
recently received a Summary Report from the geological consultant.
Results are highly encouraging and enhance the potential for the West
Guadalcanal property to host a large copper-gold porphyry deposit. Even though tropical vegetation cover reduces rock exposure to less than 1% of the total area, prospecting and mapping crews were able to identify numerous mineralized zones that outline a large porphyry copper mineralized system. Eleven copper and/or gold prospects were identified during the current and previous exploration programs of the Poha Intrusive Complex. The most promising of these prospects are located throughout the Tapinanja grid, Redstone Ridge, and Bomb Lode areas and are described in more detail below. Follow up work to expand these mineralized showings will include trenching and diamond drilling.

REDSTONE RIDGE

Geological mapping and sampling was conducted in the Redstone Ridge area of the Poha Intrusive Complex to follow up on anomalous gold values from stream sediment samples and zones of massive magnetite. Mapping identified two zones of altered diorite and volcaniclastic rocks in four drainages in the Toli Creek area. A 700 metre by 700 metre zone of propylitically altered diorite was noted adjacent to a massive magnetite pyrite chalcopyrite showing, which returned values up to 2790 ppm copper. The magnetite body is exposed over a three to five metre thickness and is in contact with the overlying limestone. Skarn mineralization has been developed and returned values of 1,010 ppm copper, 1.56% zinc and 1,460 ppm lead.

At nearby Kovatubala Creek, strongly silicified diorite containing
abundant disseminated sulphides and strong quartz vein stockwork
returned highly anomalous gold concentrations to 790 ppb gold. A small soil grid was established over this zone of mineralization and yielded anomalous levels of gold and arsenic over a 100m by 200m area.

Bomb Lode

The Bomb Lode area is marked by extensive mineralization over a 600
metre by 700 metre area. The mineralization is associated with
structural zones, which are strongly chloritic and pyritic and contain
disseminated chalcopyrite to 1%. The area of mineralization is confined to narrow zones, but is quite continuous along strike for 100 metres. Widespread propylytic alteration associated with well-developed gossan and ferricrete deposits occur in the immediate Bomb Lode area. Samples of these zones returned up to 3.48% copper. West of the Bomb Lode area, exposures of silica clay pyrite and quartz altered diorite intrusive have been mapped.

Tapinanja

A 50 kilometre grid was established in the vicinity of the Tapinanja
prospect to facilitate geochemical and geophysical surveys. A strong
copper porphyry assemblage of coincident anomalous copper, molybdenum,
zinc and gold occur over discreet zones of the grid. Chargeability high IP anomalies are associated with several of the geochemical signatures. Geological mapping in the region has identified at least seven areas of copper mineralization in bedrock. Concentrations range from 1% copper at Haisuni Creek to 6.51% copper at the upper reaches of Poha River. Gold values up to 1.78 g/t have also been recovered from this drainage.

The mineralization in the Tapinanja grid area is associated with strong silicification and argillic alteration of the Poha diorite intrusive complex.

The Company is pleased with the continued advancement of the West
Guadalcanal project and feels the Poha intrusive complex has the
potential to host a significant copper gold porphyry deposit. The
property hosts numerous mineralized targets which warrant further work.

Epithermal gold, porphyry copper-gold and base metal skarn style
mineralization is identified throughout the property. The widespread,
disseminated copper mineralization and alteration patterns identified
within the Poha intrusive complex are indicative of large copper gold
porphyry systems found at such deposits in the Pacific Rim as Ok Tedi
and Palangra.

An aggressive program of trenching and shallow diamond drilling is
underway to test the extent of these newly identified zones of
mineralization at West Guadalcanal. Concurrent with this program, an
excavator trenching program will be conducted on the Kele River
property, utilizing the recently completed logging roads for access.
Crews have been mobilized to the field and will be conducting the above programs over the next few months.

LEIGH RESOURCE CORPORATION


Gordon A. Keevil, President

FOR COMPLETE INVESTOR INFORMATION AND CORPORATE PORTFOLIO:
PLEASE CONTACT BILL INY, TOLL FREE
NORTH AMERICA: 1-888-355-5656 AUSTRALIA: 1-800-125-623
VANCOUVER PH. (604) 602-0060 FAX (604) 331-0885 E-MAIL
leighvan@axionet.com
WEBSITE www.leigh-resource.com

THE VANCOUVER STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE
INFORMATION CONTAINED HEREIN.

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To: Leigh McBain who wrote (30)2/9/1998 6:51:00 PM
From: Leigh McBain
   of 39
 
PRESS RELEASE - 09-Feb-98 - Work on SPL 186 commences immediately

PROJECT UPDATE - SPECIAL PROSPECTING LICENSE 186, SOLOMON ISLANDS

Leigh Resource Corporation is pleased to announce immediate commencement of a follow up exploration program to identify possible extensions of the Tango porphyry copper gold system which is centrally located within Special Prospecting License (SPL) 186, Vangunu Island, Solomon Islands.

SPL 186 contains both porphyry copper gold mineralization and
structurally hosted epithermal gold mineralization. The presence of
significant gold mineralization associated with the porphyry system is
critical to developing an economic mineral deposit. The best drilling
within the Tango porphyry copper gold zone returned intersections of 135 metres of 0.43 g/tonne gold and 0.11% copper and 41.9 metres of 0.81 g/tonne gold and 0.14% copper. An induced polarization survey that was completed in 1987 outlined chargeability and resistivity anomalies approximately 1,000 metres by 600 metres coincident with strong copper and gold soil anomalies centrally located within the porphyry system. Diamond drilling conducted to date within this system has been generally peripheral to this newly identified geophysical anomaly.

Current exploration will test for extensions of the porphyry system
along the bounding northeast-southwest fault structure (see map).
Recent logging activities have provided road access to the eastern edge of the porphyry system. This will provide access for heavy equipment and greatly improve the logistics related to ongoing exploration. The current program will include trenching, geological mapping and additional geophysical surveys. The Company continues to discuss joint venture opportunities concerning SPL 186 and believes that the current program will serve to further increase the potential of the Tango porphyry system.

In other matters, Leigh has elected not to proceed with ongoing
operations in Ghana, West Africa. The Company has encountered numerous problems including access to a forest reserve, which encompasses most of the strategic area within the Western Goldfields concession. As such, there was little choice but to curtail operations within the region and to return the Western Goldfields concession to the original vendor. The Company will monitor developments in Ghana and consider opportunities as they become available. Leigh will continue to concentrate on developing significant areas of mineralization that have been defined within both SPL 187 and SPL 186 in the Solomon Islands. The Company also continues to evaluate new projects and opportunities with the intent of making a strategic acquisition as soon as is practical.

LEIGH RESOURCE CORPORATION


Gordon A. Keevil, President

FOR COMPLETE INVESTOR INFORMATION AND CORPORATE PORTFOLIO:
PLEASE CONTACT BILL INY, TOLL FREE
NORTH AMERICA: 1-888-355-5656 AUSTRALIA: 1-800-125-623
VANCOUVER PH. (604) 602-0060 FAX (604) 331-0885 E-MAIL
leighvan@axionet.com
WEBSITE www.leigh-resource.com

THE VANCOUVER STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE
INFORMATION CONTAINED HEREIN.

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To: Leigh McBain who wrote (31)3/10/1998 5:59:00 PM
From: Leigh McBain
   of 39
 
Leigh Resource diversifies portfolio of property. This release came the other day. I am interested in any feedback anyone has.

LEIGH Trading Symbol VSE:LRC
RESOURCE CORPORATION

Suite 1320-1090 West Georgia St., Vancouver, B.C. V6E 3V7


March 3, 1998
PRESS RELEASE

THREE ACQUISITIONS TO CREATE NEW INITIATIVE AND
STRONG POTENTIAL GROWTH

Leigh Resource Corporation ("Leigh") is pleased to announce a series of three acquisitions, all within the oil and gas industry, which will
firmly establish Leigh's future through ongoing cash flow, create
possibilities for numerous new prospects in Alberta and expose Leigh to a world class international drilling opportunity. While these
acquisitions represent a major, new initiative for Leigh, Leigh intends to continue to develop its mineral portfolio and evaluate new, strategic opportunities within the mineral industry.

Leigh has entered into an agreement to acquire 135 barrels of oil
equivalent production in the Joffre area of central Alberta. This
producing property will generate between Cdn $425,000 and Cdn $500,000
of net cash flow to Leigh in 1998, depending on product prices. This
acquisition will also provide Leigh with the foundation, upon which it
can develop additional opportunities to expand its oil and gas reserves and production. Under the agreement, Leigh will pay Cdn $850,000 in cash and will issue 1,000,000 shares of Leigh at a deemed price of Cdn $0.35 per share. Leigh will also issue a two year debenture in the amount of Cdn $580,000, which will bear interest at the rate of prime plus one percent and will be convertible, at the holder's option, into an aggregate 1,450,000 shares of Leigh at the conversion price of Cdn $0.40 per share. The debenture will have a detachable warrant which will entitle the holder to acquire up to an additional 1,450,000 shares of Leigh at a price of Cdn $0.40 per share for two years.

Leigh has also acquired the right to earn a 10% net working interest in the Fejaj oil and gas permit, which covers an area of approximately one million acres (400,000 sq. km.) in the central portion of Tunisia. The permit is adjacent to the coastline and bounded on the east by the Mediterranean. Tunisia is one of the central oil producing nations in North Africa. The Fejaj permit encompasses a number of excellent exploratory targets. It is transversed by paved roads, an oil pipeline and a gas pipeline, both of which have excess capacity available for transportation of newly discovered hydrocarbons. In addition, an oil export terminal is located within the permit boundary. Historically, over 2,000 kilometres of seismic has been shot within the permit area, which has seen various levels of exploration since 1951.

Current plans for exploration of the Fejaj permit is to commence
drilling the initial test well by the middle of 1998 to test the Chott prospect. Two exploratory wells were drilled within the Chott area in 1951 and 1952. These wells were drilled based only on surface
mapping. At that time, there was no seismic or other subsurface
information available. The key well within the project is the Chott
Fejaj #1 well. Analysis of seismic data that has been accumulated since the drilling of this well shows that it is located on the flank of a large structure, providing the potential of both stratigraphic and structural trapping of hydrocarbons. Excellent shows of gas and oil were encountered from numerous zones within the Chott Fejaj #1 well. These shows confirm the presence of hydrocarbons and the presence of excellent, potential reservoir formations. If the test well is structurally higher, as indicated by all of the seismic control within the prospect area, a major accumulation of hydrocarbons can be expected. A potential reserve analysis has been completed on the three priority
targets within the Chott prospect. These targets are the Upper Nara
formation, the Lower Nara formation and the Triassic Permian
formations. Using a probability of 50, which is considered most likely, recoverable oil from the Upper Nara formation is estimated at 309 million barrels and if gas is estimated at 1.05 trillion cubic feet. The Lower Nara formation, using the same probability, has an estimated recoverable oil volume of 77 million barrels and if gas, 269 million cubic feet. The deep, higher risk Triassic Permian formations have a recoverable oil estimate using a probability of 50 of 214 million barrels and if natural gas, 871 billion cubic feet.

To earn its interest in the Fejaj permit, Leigh will pay US$225,000 on
the closing date and issue 1,000,000 shares of Leigh at a deemed price
of Cdn $0.40 per share to be released as follows:

(a) 250,000 shares on approval of the agreement by the Vancouver Stock Exchange;

(b) 250,000 shares on commencement of drilling on the Chott Fejaj #3 well; and

(c) 500,000 shares on completion or abandonment of the Chott Fejaj #3 well.

Leigh has also agreed to pay 12.5% of all expenses relating to the Chott Fejaj #3 well and 10% of the budget on the Fejaj permit for other matters. If Leigh receives an independent report substantiating the consideration of the Fejaj permit, but the transaction is not approved by the Vancouver Stock Exchange before March 30, 1998, Leigh agrees to pay US $75,000 as compensatory damages.

Leigh has also entered into a strategic alliance and acquired certain
oil and gas leases from a private Alberta based oil and gas exploration company. This company has been actively generating prospects in Alberta for the past ten years and has been successful in identifying substantial discoveries of both oil and natural gas. As a result of this strategic alliance, Leigh will have the opportunity to proceed with land acquisition and drill testing of initially four defined exploration prospects. Technical work related to these prospects has been completed. This will establish Leigh as an active exploration and development company in Western Canada.

As consideration for the leases and the strategic alliance, Leigh will
pay Cdn $60,000, issue 150,000 shares of Leigh at a deemed price of Cdn $0.40 per share and undertake to spend a minimum of Cdn $500,000 of expenditures on the leases and prospects in the first year. Leigh has also agreed to issue up to 450,000 shares of Leigh at a deemed price of Cdn $0.40 per share to be issued upon spudding of the first three wells on the leases and prospects, as selected by Leigh. If Leigh does not spend the minimum of Cdn $500,000 or issue the 450,000 shares upon spudding of the first three wells in the first year, it agrees to pay the amount of Cdn $20,000 as full and final compensatory damages.

These acquisitions represent the blend of production, ongoing
development of exploration projects and a working interest in a world
class international drilling project with the potential of discovering
several hundred million barrels of oil equivalent reserves. The planned drilling on the Fejaj permit, Tunisia, will create immediate momentum while the acquisition of production and active exploration projects in Alberta will provide long term stability and growth potential. All of these agreements are subject to regulatory approval.

Leigh is also pleased to announce the appointment of Mr. Jean Rainville to the Board of Directors. Mr. Rainville, a graduate of mining engineering from McGill University in Montreal, has worked in corporate finance associated with natural resources for the past 15 years. He was a director of corporate finance with Levesque Beaubien from 1986 to 1988 and vice-president of CMP Fund Management from 1988 to 1992.

LEIGH RESOURCE CORPORATION


Gordon A. Keevil, President

FOR COMPLETE INVESTOR INFORMATION AND CORPORATE PORTFOLIO:
PLEASE CONTACT BILL INY, TOLL FREE
NORTH AMERICA: 1-888-355-5656 AUSTRALIA: 1-800-125-623
VANCOUVER PH. (604) 602-0060 FAX (604) 331-0885 E-MAIL
leighvan@axionet.com
WEBSITE www.leigh-resource.com

THE VANCOUVER STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE
INFORMATION

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To: Leigh McBain who wrote (32)3/11/1998 8:45:00 AM
From: Bobby Yellin
   of 39
 
Hi-
there is a more active thread on the Canadian stocks..
still own the stock and figure patience will eventually pay off..
not even looking at the trading.
Subject 10861
except I find it easier to track the natural resource stocks on
this larger part of SI :>

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To: Bobby Yellin who wrote (33)3/13/1998 3:08:00 PM
From: Leigh McBain
   of 39
 
I will move over to that thread. For anyone else, I will no longer be using this one.

Salut,
Leigh McBain

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