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2005 News Releases
December 23, 2005
Closing of $351,000 financing,
including $321,000 flow-through.
December 6, 2005
The 12 hole diamond drill program
completed on Ryan Lake copper/molybdenum zone 1,000 feet north
of the mill. The rig has been moved to test a copper/molybdenum
showing 2 miles north of the mill.
November 2, 2005
The diamond drill program is underway
on the former producing copper/molybdenum open pit located 1,000
feet north of the mill. The terms of the proposed financing have
been revised to $0.05 per unit from $0.06 per unit.
October 25, 2005
Diamond drilling has started on Ryan
Lake former producing copper/molybdenum open pit located 1,000
feet north of the mill.
October 13, 2005
Comox has completed an initial option
agreement on 3,400 acres on the north boundary of the Ryan Lake
claims. A financing of $300,000 is proposed for additional
drilling on the Ryan Lake claims.
September 21, 2005
Assays reported for 2 diamond drill
holes testing the extension of the past producing molybdenum
open pit at Ryan Lake. Hole PC-05-07 returned an intersection of
32 meters (105 feet) grading 1.7 lbs/tonne (0.079%) molybdenum
plus copper values.
September 19, 2005
Assays reported for 5 diamond drill
holes in the area of the former underground mine at Ryan Lake.
Hole PC-05-03 returned an intersection of 29 feet from 200 feet
grading 0.61% copper and 1.63 lbs/tonne (0.074%) molybdenum,
plus gold and silver values.
July 29, 2005
Financing of $316,641 closed including
$223,956 flow-through.
July 25, 2005
Diamond drilling started on Ryan Lake
copper/molybdenum project.
July 8, 2005
Diamond drill contract signed for Ryan
Lake copper/molybdenum project.
June 28, 2005
Closing of $205,000 first tranche of
financing.
May 11, 2005
Financing of $600,000 announced including
$400,000 flow-through.
March 21, 2005
Molybdenum assays reported for the
samples taken on the walls of the molybdenum pit which is
located approximately 1,000 feet north of the underground mine
which was in production during the 1950-1957 period. For due
diligence and to assist in planning the exploration program, a
series of two meter chip samples were taken on sections of the
west and north walls of the molybdenum open pit. The chip
samples totaling 24 meters in the syenite porphyry west and
north walls of the averaged 0.15% molybdenum plus copper, gold
and silver.
March 17, 2005
The previously announced C$200,000
financing documentation has been accepted for filing by the TSX
Venture Exchange.
March 16, 2005
Announced the acquisition of a two year
option to purchase the Ryan Lake copper-molybdenum property
which consists of 10 claims totaling 513 acres, located near
Matachewan, Ontario Canada. Ryan Lake Mines Ltd staked the
claims in 1947 and put the property into production in 1950 at a
150 ton/day rate with a shaft sunk to 459 feet and development
on four levels. The development extended 1,000 feet on an
east-west direction and 500 feet north-south.
February 22, 2005
The previously announced $200,000
financing has been completed through a number of private
placements.
February 1, 2005
Donald Empey announced the sale of
1,751,000 common shares of Pacific Comox through the facilities
of the TSX Venture Exchange at a price of C$0.05 per share. The
net proceeds will be used by the seller subject to regulatory
approval to complete a proposed private placement of $85,000 of
Pacific Comox units consisting of one share and a full warrant
at a price of $0.06. The warrant will be exercisable at $0.08
per share for two years.
January 11, 2005
Financing of C$200,000 announced to be
raised through a number of private placements. Financing in the
form of units priced at $0.06 per unit consisting of one share
and a full warrant exercisable at $0.08 per share for two years
from closing.
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Corporate Office
Pacific Comox Resources Ltd.
Suite 2300, Box 13
One Dundas Street West,
Toronto, Ontario
Canada M5G 1Z3
Tel: 416 977 4653
Fax: 416 977 8335
Email:
info@pacificcomox.com
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