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Post# of 358425
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lr34470

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lr34470

Re: None

Monday, 06/21/2004 1:24:01 PM

Monday, June 21, 2004 1:24:01 PM

Post# of 358425
My Conversation with Melvin 6/21/04
Hi all. I spoke to Melvin this morning. He was upbeat.
I asked him if we started to drill on the new site yet. He said drilling on the new site would begin today or tomorrow.
I asked him how we chose that particular site. He said "we chose it because its huge"
I asked if it was bigger than Carolyn. He said "OH YES"
Then I asked about the PR about the 2 microdiamonds that were found and I got some very positive info that I had not known about.
You all know that at the Carolyn site we drilled 4 holes that had kimberlite. Only HALF of the first and second hole were assayed--A TOTAL of 88 pounds--thats it!
So I asked him--does that mean we have not yet analyzed the other half of the first two holes and we have not analyzed any of the 3rd or 4th holes? Melvin responded that this was correct.
So we still have half of the samples of the first two holes to analyze and all of the samples of the second two holes to analyze.
He did not know when this analysis would be done.
SoI asked --now that we have this info what have we learned about finding the 2 microdiamonds.
Melvin stated that he had originally been blind sighted by the PR and had not yet spoken to the geologist (Newsom) when he went on IBC radio. But now that he has spoken with the geologist the geologist said that to find ANY diamonds in so small a sample is positive. So the result was not great nor was it awful as many of us had originally believed--it was more of a middle of the road result (my words). He said the geologist--Ralph Newsom--was "happy" with the result and if he was happy we should be happy"
I asked --does this mean Carolyn will be mineable. Mel said he did not know.
I asked if we are looking for other ores 1.e. gold platinum etc simultaneously as we look for diamonds.
Melvin said "yes"
I said--so I am led to believe that in this 88 lb sample no other ores were found. Melvin said yes.
I asked if the other samples turn up such ores will it be reported. Melvin said it would be reported in the press release if other ores were found.
I asked--when will we hear about the aerial survey. He said "very soon"
Melvin expects a PR this week-"to the best of his Knowledge"
I asked about the June 23 filing deadline for OTC. He said he didn't know anything about that deadline.
I asked why we hired the lawyer. He responded--"for us to be a fully reporting company and to do something about the naked short if there is one"
I asked why our partners had stopped trading last week. He said Urban had goofed and did not talk with the partners before releasing the PR. He said this would not happen again and from now on all 4 partners would release news simultaneously.
I asked how long it would take to do the audit. He said he did not know.
I asked about the relationship between UCAD and CMKX--he said he did not know anything about it.
I asked about possible mergers. He would not say yes or no but said it would come out in a PR if such a thing were to happen.
It was clear to me that Melvin knew more than he was able to say. In fact he said that he would have to be very careful about what he said from now on since the lawyer was hired.
Thats about it for now.
Good luck to us all.
Larry

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