Pezim consolidating control of Delware and SNIP project

Just how serious Murray Pezim is about keeping control of Delaware Resources (VSE) has become more than evident. Several companies in his Prime Capital Group have announced plans to purchase Delaware shares; the policy is similar to the one he adopted a number of years ago in his attempt to gain control of International Corona. Indeed, many of the companies involved are reported to be financing their respective acquisitions from the sale of PezCorona warrants.

Among the Vancouver-listed companies purchasing Delaware shares are: International Maple Leaf (mmaximum 30,000 shares at a maximum aggregate cost of $600,000); Halcyon Resources (24,750 shares for $495,000); International Impala Resources (7,500 shares for $150,000; Androne Resources (24,750 shares for $495,000); Eagle Pass Resources (17,250 shares for $345,000); Pezgold Resource Corp. (4,500 shares for $90,000); Ravenroc Resources (90,000 shares for $1.8 million); Magenta Development Corp. (30,000 shares for $600,000), International Wildcat (60,000 shares for $1.2 million) and International Rhodes (135,000 shares for $2.7 million). At last report Pezim’s Colossus Resource Equities held over 50% of Delaware.

Meanwhile at Delaware’s SNIP property, the main drive has intersected the Twin structure and drifting is under way in both directions along the vein. The zone is being drilled as development work progresses and Pezim tells The Northern Miner they “haven’t missed on one hole yet.” He remains convinced that SNIP will outdo International Corona’s David Bell mine at Hemlo; at production that mine had about two million ounces of gold reserves.