Has anybody got any info on this company
I find it odd that the director of Solbec ,which is a good company with good prospects , sell some of his shares in SBP to buy into GPN ,
Do I smell a deal of some sorts ?? ,
Does anybody know this area ,does it have some good propects
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Third Quarter Activities & Cashflow Report
GREATER PACIFIC GOLD LIMITED 2002-04-30 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
REVIEW OF OPERATIONS
EXPLORATION AND EVALUATION
GABANINTHA VANADIUM PROJECT
No work was carried out on the Gabanintha Vanadium Project during the
quarter under review.
During the quarter the company reviewed potential new processing
techniques for vanadium extraction and is continuing to consider
available options in respect to progressing the Gabanintha Vanadium
Project.
CORPORATE MATTERS
During the quarter the company was presented with a number of
potential projects and investment prospects. The company is
continuing to carry out due diligence on those prospects that are
considered to have merit and which the Board believes will deliver
enhanced shareholder value.
At the end of the quarter the company had cash reserves of $1.708
million and further short term cash call advances/convertible notes
of $325,000.
INTERESTS IN MINING TENEMENTS
GABANINTHA VANADIUM PROJECT, WESTERN AUSTRALIA - 100%
PROSPECTING LICENCE 51/2226
The Company has a right to earn an 80% interest in the vanadium
mineralisation contained within M51/772 and ELA51/843.
Riverina Tailings Project - Western Australia (10% Production
Interest)
ROYALTY INTERESTS
The company has the, following royalty interests:
(a) A 6% royalty light for all production exceeding 100,000 oz of
gold in the following tenements:
Mining leases 30/109, 30/48, 30/59 and 30/75
Application for mining lease 30/122 and 30/123
Exploration licence 30/77 and 30/79
Exploration licence 30/165
Prospecting licence 30/901
Prospecting licences 30/909 to 30/923 inclusive, 30/928 and 30/929
Miscellaneous licences 30/9 and 30/36
2 (b) The company will receive a phased royalty on production from
mining leases 30/16, 30/60, 30/97 and 30/98 of A$10 per ounce on the
first 50,000 ounces. No royalty is payable on the production of the
next 25,000 ounces with A$10 per ounce payable on the next 50,000
ounces produced. Thereafter a royalty capped at A$1.3 million is
payable at rates linked to the head grade of the ore treated.
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Becoming a substantial holder
GREATER PACIFIC GOLD LIMITED 2002-04-08 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
Michael Ruane became a substantial shareholder in Greater Pacific
Gold Limited on 27/03/2002 with a relevant interest in the issued
share capital of 11,240,081 ordinary fully paid shares (6.15%).
GPN
greater pacific gold limited