Suspension hangs over Cons. Silver Tusk

Trading in Consolidated Silver Tusk Mines (CKS-V) remains halted, more than two months after shares were initially suspended.

Trading was stopped after the company issued new, less-impressive assays on what had appeared to be a spectacular gold and silver find in Indonesia, the original results from which were issued in October 1996.

The new figures were based on resampling of two trenches from its 80%-held PT Karya Bukit Utama property on the island of Sumatra.

The Vancouver Stock Exchange suspended trading in the junior on March 13 following the announcement of the error. The exchange said trading would remain halted until it received an independent geological report on the property, together with an independent lab report on the samples.

The reports are still pending and the investigation is ongoing.

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