Subject: company spotlight > > ( otc : sbgx )
here ' s
another company to put on your radar , another one from the same source that
alerted us to : cyad , tftg which all doubled .
stonebridge resources exploration
ltd .
( otc : sbgx . pk )
current price : $ 0 . 41
equity
structure freetrading 20 , 000 , 000
sharesfloat 3 , 000 , 000
shares
overviewstonebridge resources exploration ltd .
( nasd pink : sbgx ) , is a nevada corporation listed on the nasdaq pink
sheets . the company is focused on resource acquisition and development for
interests located primarily in canada and the united states . the company has
begun an intensive campaign to acquire and develop high value base metals , gold
and rare earth bearing properties . the company has a strategy to acquire a large
number of high value properties and begin development of them commencing
immediately . the initial target acquisitions all have very high potential for
moving into production and produce substantial income and profits . a private
funding group has agreed to finance acquisition and development of the initial
properties under friendly terms which involve a working interest in the
properties and equity in the company .
value resources has a
highly talented management group with many years of experience in resource
property development . the target portfolio of initial acquisition candidates has
a diverse and robust mix of deposits , some of very high value . one target
acquisition , for example , has a large deposit of scandium . scandium is a very
expensive rare earth material which has been used by the russian materials
industry in alloy with aluminum to coat the surface of aircraft . currently there
is no scandium mined in the free world , and the property that stonebridge plans
to develop contains large reserves of scandium and titanium . the company plans
to develop properties with many diverse resources such as copper , gold , zinc ,
talc , platinum and palladium amongst others . stonebridge has an initial
plan to acquire at least ten and as many as twenty valuable mining properties
within a very short timeframe . in the next several months sbgx plans to control
at least a dozen high - value mining properties with the potential to bring in
many millions of dollars of profit to the company . the exact extent of the
potential revenues is as yet undermined because , although most of the candidate
properties have known reserves , more exploration and drilling needs to be
conducted in order to determine the minimum value of the mining operations once
acquisition is complete . even after exploration , the potential exists to uncover
undiscovered reserves with the potential to multiply the known value of
the candidate acquisitions . one target acquisition is about 10 kilometers
southwest of timmins , ontario . the property already has indicated probable
reserves of 100 , 000 ounces with grades of 0 . 3 ounces per ton . this medium grade
ore in large volume constitutes a substantial deposit . exploration is ongoing at
the site and the company already has a joint venture partner lined up for
development once the acquisition is completed . the company has a strategy to
develop properties in joint ventures with large mining interests . this strategy
allows the company to leverage its capital and proceed with development quickly
on all properties simultaneously . the company has at least ten gold bearing
sites under review for acquisition at this time .
 resources is building a
large and well funded mining concern with substantial acquisition properties in
various stages of development . the strategy of developing diverse properties
with various types of rare earth , gold and mineral deposits insures that there
is robust and lasting value built into the company . moreover the chances of
uncovering greater value as development continues increases as the variety and
extent of the deposits become fully known . stonebridge plans to develop these
properties and get them into production as soon as possible . the company
is well funded by investors who care for the long - term viability of the company
and who will act in the best interests of the shareholders . gmcr expects that
stonebridge will realize sizeable profits of many millions of dollars from the
development of these initial candidate properties . moreover , gmcr expects that
the company will continue to expand through acquisition and become a major
mining concern throughout north america .
press release
stonebridge signs loi to acquire 50 % interest in mining
claims of 6070205 canada inc . friday april 29 , 4 : 01 pm
et
carson city , nev . - - ( business wire ) - - april 29 , 2005 - - stonebridge
resources explorations ltd . ( nqb : sbgx - news ) , has entered into a
letter of intent with 6070205 canada inc . to acquire 50 % interest in the mining
claims of their property in northern ontario , 15 km n . w . of kirkland lake .
the property was explored previously by a number of companies and previous
drilling indicated geology finds that are favorable for a potential large
sulphite deposit .
the initial drilling done in 1998 indicated zinc mineralization in a number
of drill holes , varying from 0 . 6 meters of 4 . 4 % zinc and 1 . 76 % zinc over 4 . 6
meters , 1 . 33 % zinc over 4 meters .
in the year 2002 a megatem airborne survey was conducted over the property
identifying several areas of interest . a confirmation of the geophysical result
from the airborne survey was obtained by a ground geophysical survey that
identified the down plunge extension of the previous drilling . it was
recommended that a 3 drill hole program for a total of 500 meters be undertaken .
harold pizel , stonebridge resources president , said ; " this agreement signed
once again shows our strong belief and commitment to the mineral rich northern
ontario region , we are excited about the opportunities ahead . "
stonebridge resources explorations ltd . is a junior resource and exploration
company concentrating on acquiring and consolidating large advanced
exploration - stage companies with near term production potential and future
growth potential and acquiring this growth initiative in a profitable and
socially responsible manner .
safe harbor
the foregoing contains forward looking statements . for this purpose any
statements contained in this document that are not statements of historical fact
may be deemed to be forward looking statements . without limiting the foregoing ,
such words a " may " , " will " , " believes " , " estimates " , " continue " , or comparable
terminology intends to identify forward looking statements . these statements by
their nature involve substantial risks and uncertainties and actual results may
differ materially depending upon a variety of factors stated in the company ' s
filings with the securities and exchange commission .
contact : stonebridge resources explorations ltd .
investor relations :
harold pizel , 905 - 481 - 2533
- - - - - - - - - - - - - - - - -
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