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by Will Purcell
The critical and specialty minerals stocks box score on Monday was a weak 64-107-139 as the TSX Venture Exchange fell six points to 909. Democratic Republic of the Congo tin miner, Alphamin Resources Corp. (AFM), was a busy trader -- mind you, it has well over one billion shares outstanding -- as it lost one cent to $1.07 on 5.56 million shares.
David Greenway's Vanguard Mining Corp. (UUU) lost one cent to 16 cents on 305,000 shares. The company has published its first technical report covering the Redonda copper and molybdenum project, near Campbell River on Vancouver Island. The report includes results from Vanguard's recent drilling program, which wrapped up earlier this year, as well as the historical results from a 1979 drill program completed by Teck Resources Ltd. and the latest geophysical data.
"This milestone report validates the scale and geological potential of the Redonda project and underscores the company's commitment to best practices, technical rigour and transparency in advancing its exploration activities," blathered Mr. Greenway, chief executive officer, and his crew. Yes, the report is a regulatory requirement, and yes, it is chock full of geologese, but technical reports always conclude with a series of recommendations. And so, with the Redonda report, we get a glimpse of what Mr. Greenway and Vanguard have in mind.
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